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ITV chief executive Charles Allen will present his future strategy for the broadcaster at a crucial board meeting next week as shareholders call for clarification of his plans for competing in the digital age. The board meeting will be chaired by ITV chairman, Sir Peter Birt, who is understood to have been talking to the… Continue reading Allen To Clarify ITV Strategy At Crucial Board Meeting

Capital radio today announced that further commercial success opportunities could be created by acquiring new radio licenses this year. Revenues at the group rose by 4% to £59 million for the first half of this year, citing ten months of consecutive growth, though group profit only inched up by £100,000 on last year to £12.1… Continue reading Modest Revenue Improvements For Capital

Scottish Radio Holdings (SRH), today announced that group revenue for the first half of this year has jumped by 10%, spurred on by strong press and radio performance throughout the period. Group turnover, for the period ending 31 March 2004, grew by 14% to £47.2 million, up from £41.5 million on the same period last… Continue reading Strong Radio And Press Revenue Spur On Profits At SRH

Former Daily Mirror editor Piers Morgan is reportedly demanding £1 million compensation from the paper after being sacked for publishing hoax pictures allegedly showing British troops abusing Iraqi prisoners. Morgan’s nine year reign at the tabloid came to an end on Friday after the Queen’s Lancashire regiment proved that pictures depicting its soldiers torturing Iraqi… Continue reading Sacked Daily Mirror Editor Could Demand Compensation

Media super-regulator Ofcom has announced new proposals to transfer the regulation of broadcast advertising to the Advertising Standards Authority despite criticism that the system could be fundamentally flawed. The watchdog will hand over its regulatory obligations for overseeing television and radio advertising to a new co-regulatory system with the ASA as its public face in… Continue reading Ofcom Shifts Broadcast Advertising Regulation To ASA

BSkyB is reportedly planning a re-shuffle of its boardroom, just days after it announced quarter three subscriber figures were lower than expected (see Sky Subscriber Rates Drop). A Sky spokesman said: “As part of the review of the company’s corporation governance practices, Lord Wilson will be looking at the board and board committees to determine… Continue reading BSkyB Planning Boardroom Reshuffle

Pan-European broadcasting giant RTL has hired investment bank JP Morgan as it considers the possibility of increasing its majority shareholding in the UK’s smallest terrestrial broadcaster, Five. It is understood that RTL will ask the bank to consider all the options for its stake in Five, including off-loading its shareholding if there is deemed to… Continue reading RTL Hires JP Morgan To Help Boost Stake In Five

Telewest today announced that 51,000 internet and 12,000 household subscribers were added during quarter one, helping to reduce the group net loss to £36 million from £187 million on the same period last year. Acting Chief Executive, Barry Elson, said: “Today’s results reflect a good first quarter. Broadband growth, successful marketing and the value of… Continue reading Telewest Debts Reduce As Subscriber Figures Grow

Telecoms giant, British Telecom, today announced that it is slashing the current broadband access price for rival broadband providers by 70%. The price cuts are for the local loop unbundling (LLU) products – the last mile of cooper wire connections linking households to telephone exchanges, which are used by rivals such as Telewest, to provide… Continue reading BT Set To Slash Broadband Price

Satellite broadcaster, BSkyB, reported along with third quarter results that subscriber growth didn’t meet expectations, as it slowed to 66,000 net new subscribers over the period. This is below the average of 100,000 a quarter needed if Sky is to meet its target of eight million direct to home (DTH) subscribers by the end of… Continue reading Sky Subscriber Rates Drop