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Preliminary results announced today by The Wireless Group (TWG) show that the company’s adjusted operating profits have reached £2.3 million this year. This is up £4.6 million from 2002, when losses were £2.3 million. Turnover increased to £32.6 million from £28.5 million in 2002. This gives TWG a turnover increase of 14.3%, beating industry average… Continue reading TWG Turns Corner To Reach £2.3 Million Profit In 2003

A recovery in outdoor advertising levels which began in the second half of last year has continued in 2004, according to UK outdoor contractor Maiden Group. The company says that the year has started strongly, with record sales in the first quarter. Visibility is also improving, indicating good trading for the middle two quarters of… Continue reading Maiden Sees Improving Outdoor Ad Market

Guardian Media Group has become the largest single shareholder in the consumer magazine company Seven Publishing, acquiring a 27% stake. The acquisition comes as Seven plans to launch a new title and inject £4 million to expand existing title Delicious, which was launched three months ago. Delicious was launched in the UK after becoming leader… Continue reading GMG Takes 27% Slice Of The Delicious Pie

American publishing giant Gannett is understood to have pulled out of the race to take control of the Daily and Sunday Telegraph as bidding enters its crucial second phase. Gannett, which also owns the Newsquest group of regional newspapers in the UK, was tipped as a front-runner for the papers being auctioned off by Lord… Continue reading Gannett Pull Out Of Telegraph Bidding Race

Richard Desmond, owner of the Daily Express, made a shock decision today to withdraw his bid to buy the Telegraph Group, owner of the Daily Telegraph. It is believed that current owners, Hollinger International, told Desmond that he would have to raise his current bid of around £550 million by a further £50 million to… Continue reading Desmond Withdraws From Telegraph Race

Scottish Radio Holdings (SRH) group revenues are expected to grow by 10% according to its half-year trading update. A rise of 12% in radio revenues and 8% in press revenues is also expected. Trading for the first six months, ending on 31 March 2004, shows that radio and press revenues are estimated to be 14%… Continue reading Scottish Radio Sees Encouraging Growth In First Half

Internet giant Yahoo! has today announced the acquisition of price comparison site Kelkoo in a deal worth £318 million. The purchase will enable Yahoo! to extend its online presence to include Kelkoo’s comparison shopping service and referral system, bolstering the company’s already successful Yahoo! Shopping directory of online stores. Commenting on the deal, Terry Semel,… Continue reading Yahoo! Acquires Shopping Site Kelkoo For £318m

GWR Group, owner of Classic FM, is expecting analogue radio revenues to grow by 8% year on year for the twelve months to 31 March, following a strong performance from national revenue in the final quarter. The group says that revenues for its financial Q4 will be up by 7%, with national spend jumping by… Continue reading GWR Sees Radio Revenues Up By 8% In 2003

Independent News & Media (INM), publisher of the Independent newspaper in the UK, has seen its pre-tax profits jump by 19.8% in 2003 to â‚Ź154.6 million. The company says that there have been strong advances in both circulation and advertising revenues, up by 6.9% and 5.5% respectively. In the UK, advertising remained negative for the… Continue reading Compact Edition Boosts Independent’s Market Share

Internet retailers can look forward to huge sales boosts within the next five years says Interactive Media Retail Group (IMRG), as one in four purchases are expected to be made online. By 2009 it is forecast that the UK internet shopping market will increase to £80 billion, compared with the £17 billion spend expected this… Continue reading UK Online Shopping To Reach £80bn By 2009