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The troubled Interpublic Group has taken steps to ease its financial situation by selling four of its five UK motor racing circuits. The famous Brands Hatch complex has been sold, together with Oulton Park, Cadwell Park and Snetterton to a new company called MotorsportVision for an undisclosed sum. The business is fronted by former racing… Continue reading Chequered Flag Comes Down On IPG Motorsports Empire

Communications regulator Ofcom has set out proposals for new guidelines that could hamper Government plans to make media mergers easier in the newly deregulated marketplace. The cross-media watchdog, which assumed its full responsibilities last week, plans to investigate companies hoping to complete deals that could fall foul of the plurality test amendment to the Communications… Continue reading New Ofcom Guidelines Could Tie-Up Major Media Mergers

Aegis Group, the media and market research firm, has said that trading is in line with expectations and anticipates further progress will be made in 2004. Europe’s largest advertising buyer claims that turnover, revenue and operating profit improved in 2003 and there is cause for New Year cheer given the upturn in the advertising and… Continue reading Aegis On Track To Deliver Strong Growth This Year

Aegis Group, the media and market research firm has said that trading is in line with expectations and anticipates further progress will be made in 2004. Europe’s largest advertising buyer claims that turnover, revenue and operating profit improved in 2003 and there is cause for New Year cheer given the upturn in the advertising and… Continue reading Major Media Buyer Upbeat On 2004

Business optimism is currently at its highest level for over three years and economic growth is expected to surge during 2004, providing a much needed boost to the UK advertising market. The latest BDO Business Trends Report forecasts that healthy domestic demand and an improving world climate will lift the UK’s economic growth to 2.3%… Continue reading Improving UK Economy To Boost Advertising Market

The vast majority of US consumers are happy with their online buying experiences, judging from a pre-Christmas survey carried out by Shop.org and BizRate.com. The poll of 1,126 online buyers was carried out on the first two days of December and almost 90% of those questioned professed themselves satisfied with the purchasing process. Over 60%… Continue reading Consumers Sing Praises Of Online Shopping

Rupert Murdoch’s News Corporation has been granted permission to take over US satellite broadcaster DirecTV, in an approval by the Federal Communications Commission (FCC) at the end of last week. The approval of the acquisition of DirecTV by News Corp from Hughes Electronics had been widely expected (see Murdoch Awaits Go Ahead On DirecTV Deal).… Continue reading Murdoch Gets Go-Ahead On US Satellite TV Ambitions

Independent News & Media has announced a €53.5 million worldwide restructuring plan intended to reduce debts over the next twelve months. The publishing group, which owns The Independent in the UK and has businesses in Ireland, Australia, New Zealand and South Africa, aims to generate €18.4 million in savings by the end of 2005. It… Continue reading INM Cuts Jobs To Save On Costs

United Business Media (UBM) says that trading conditions in the US have improved during its second half and there has been a greater than expected recovery in Asia, which was hit by the SARS virus during the first half of the year. UBM says that its UK publishing and events businesses both continue to perform… Continue reading UBM Sees Improved Trading In Second Half

BSkyB’s long running monopoly over top-flight English football has been brought to an end by a new deal with the European Commission designed to bring live Premiership matches back to terrestrial channels. The agreement will allow broadcasters such as the BBC and ITV to bid for eight Saturday matches each season after European competition commissioner,… Continue reading BSkyB Loses Premiership Monopoly In Football Shake-Up