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The advertising industry has given a mixed reaction to Ofcom’s decision to lift the rules banning the joint selling of television airtime, as it looks likely that the move will trigger a further round of sales house consolidation. The announcement by the new super-regulator earlier this week clears the way for broadcasters such as Channel… Continue reading Ofcom’s Airtime Sales Ruling Receives Mixed Reaction

Graham Duff, the new managing director of ITV Sales, has named Gary Digby, the Carlton Sales managing director, as his new right hand man, in a move the brings him close to completing his senior management line-up. It is understood that Digby saw off competition from his current boss at Carlton Sales, Steve Platt, and… Continue reading Duff Names Carlton’s Digby As ITV Sales Director

Ofcom has lifted the rules banning Channel 4, Five and BSkyB from selling advertising airtime jointly, in a move that paves the way for a merger of their sales operations. The regulator has decided to withdraw the Independent Television Commission’s rules on the joint selling of airtime, which prohibit the large television sales houses from… Continue reading Ofcom Clears Way For Sales House Consolidation

Trinity Mirror is to sell its regional newspaper businesses in Ireland to venture capital group 3i for £46.3 million, it announced this morning. The sale comprises Century Press and the Derry Journal groups, which together publish seven newspapers in Northern Ireland and the Republic of Ireland. The deal is subject to approval by the Irish… Continue reading Trinity Mirror Sells Irish Titles To 3i For £46m

A feature of the agency landscape over the coming few years will be a return to slow, more stable revenue growth, according to analysts at Merrill Lynch. In an advertising and marketing services reports, the broker says that agencies will turn to slower, but more stable organic growth to build their revenues. Agency holding companies… Continue reading Agencies To Return To Slower Stable Growth, Says Broker

Advertising revenues at Future Network’s portfolio of magazines were up by 9% for the first ten months of the year, the company said this morning. Circulation revenues, which account for 68% of group revenue, rose by 14%. Future says that the first four months of the second half continue the trends outlined in the company’s… Continue reading Future Network Sees Ad Revenues Up 9%

Online Christmas shopping is at least four times faster than high street shopping, according to the Interactive Media in Retail Group. This festive shopping season is set to be the biggest yet for online sellers and the e-retail industry is going to great lengths to promote the benefits of internet shopping. The IMRG estimates that… Continue reading Go Online For Xmas Shopping, Says IMRG

Daily Mail & General Trust has reported a increase in profits of 1.6% for the full year despite difficult trading conditions for many of its businesses. The company said that pre-tax profits in the twelve months to 28 September came to £185.5 million, up from £182.5 million a year earlier. Group turnover fell by 0.6%… Continue reading DMGT Upbeat On Improved Results

The cable group Telewest said today that it was entering the last stages of restructuring and will be establishing a new holding company in the US. Telewest has filed documents with the US Securities and Exchange Commission (SEC) which will result in the creation of Telewest Global Inc in Delaware. Under the terms of a… Continue reading Telewest In Final Phase Of Restructuring

Almost 30 million American homes will be banking online by the end of 2003 and the number is expected to almost double over the next five years, according to new forecasts from Jupiter Research. Internet banking is growing in popularity as consumers put aside security concerns and embrace the convenience and time saving advantages of… Continue reading Online Banking Winning New Fans