More Media Business articles

Ahead of the release of Emap’s Annual Statement next week, broker Merrill Lynch, has said that it expects pre tax profit at the magazine publisher to be up 12% to £196 million for 2003/2004. Merrill Lynch says, that although underlying momentum in the UK consumer portfolio is slowing, the recent launch of magazine, Closer is… Continue reading Profits At Emap Set To Rise Says Merrill Lynch

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

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

International consumer magazine company, The Future Network, today announced that revenue for the first quarter was up 7%, reflecting the positive impact of the group’s growing entertainment section which acquired leading US guitar magazines last autumn. Circulation revenue, which accounted for 69% of total group revenue last year, grew by 8% for the period ending… Continue reading Future Network Revenue Up 7% In Q1

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