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Independent News & Media (INM) is to sell its 50% stake in its Irish cable operation, Princes Holdings, to Liberty Media International for an undisclosed sum. INM had already confirmed that it did not intend to hold its investment in Princes Holdings – which trades under the brand name Chorus – for the long-term, as… Continue reading INM Sells Irish Cable Group Stake To Liberty Media

The global economic recovery now appears to be shaping up, with the US leading the way, according to Jean-Philippe Cotis, chief economist for the Organisation of Economic Cooperation and Development (OECD). Speaking at the World Economic Forum in Davos, Switzerland, Cotis was keen to point out that in most countries the upturn is weaker than… Continue reading INSIGHTanalysis: Global Economic Recovery Shapes Up

The collapse of the dotcom bubble has failed to quash technology investments in ecommerce technology, according to a new survey by Forrester Research. The report says that IT investments in ecommerce are alive and well, with ecommerce budgets outpacing the rest of IT budgets at present. Around three-quarters of companies are maintaining or increasing their… Continue reading Ecommerce Technology Investment Continues Apace

The battle to take control of the Daily and Sunday Telegraph took another turn yesterday after Hollinger International moved to scupper Conrad Black’s £260 million deal to sell the titles to the Barclay brothers. The reclusive Barclays claim to have reached an irrevocable agreement with Black to assume control of a range of titles including… Continue reading Hollinger Moves To Scupper Black’s Telegraph Sale

Channel 4 saw profits triple last year as its wide-ranging effort to reduce costs began to bear fruit, despite the ongoing downturn in the television advertising market. The terrestrial broadcaster is understood to have improved its performance after advertising revenues remained flat during 2003 and non-programme costs were cut to focus on core businesses. The… Continue reading Outlook Improves For Channel 4 As Profits Triple

Like-for-like radio revenues at Scottish Radio Holdings (SRH) jumped by 10.5% during the company’s first financial quarter, thanks to an improvement in national advertising and a continued ‘robust’ performance from local spend. SRH said that overall its revenues had risen by 7.7% from October to December. Within this the Score Press newspaper business saw revenues… Continue reading Scottish Radio Sees 11% Revenue Jump In First Quarter

The £260 million Barclay brothers bid for the Telegraph newspapers (see Dispute Grows As Barclay Brothers Move On Telegraph Titles) looks set to be derailed as a range of rival bidders prepare to move on the global newspaper group formerly headed media mogul Conrad Black. It is understood that Daily Mail & General Trust is… Continue reading Rival Bidders Prepare To Move On Telegraph Titles

GWR Group has denied speculation that it is currently holding talks with Capital Radio about a potential £840 million merger of the two companies to be completed later this year. The Sunday Express reported that GWR chairman, Ralph Bernard, has been in formal talks with Capital Radio chief executive, David Mansfield, about the two radio… Continue reading GWR Denies £840 Million Merger Talks With Capital

An obscure law in the state of Delaware could prove a stumbling block to the ambitions of the Barclay brothers with regard to Hollinger International. The two press barons have tabled a £260 million offer for the publishing group, which is currently owned by Conrad Black (see Barclay Brothers Agree Telegraph Takeover Deal). However, the… Continue reading State Law Could Jeopardise Hollinger Takeover

Cable magnate John Malone has become the second largest voting shareholder in News Corporation after Rupert Murdoch after acquiring a $1.82 billion stake in the media giant. Malone now owns 9% of the voting stock through his corporate vehicle, Liberty Media. Murdoch retains a 30% stake in News Corp. The surprise deal has prompted media… Continue reading Liberty Increases News Corp Stake