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There has been a sharp recovery in radio airtime sales at UBC Media Group, leading the company to upgrade its outlook for the remainder of the year, it said this morning. At the time of UBC’s AGM in August, the company said that airtime sales at the commercial division had been performing below target, in… Continue reading UBC Sees Sharp Recovery In Radio Airtime Sales

Newcastle-based independent radio group, Forever Broadcasting, has sold its Juice Liverpool radio station to Absolute Radio UK for £3.1 million. Forever will realise £1.4 million from the disposal and this will be used to reduce the group’s debt. Juice Liverpool made an operating loss of £0.76 million in the year ending 30 September 2002 and… Continue reading Forever Broadcasting Sells Juice Liverpool For £3.1m

Global cinema admissions will fall by 3.8% in 2003 to 8.46 billion, according to a new report from Informa Media Group. This follows a strong year in 2002, after declines in 1998, 1999 and 2000. At the same time, overall global box office receipts will fall by 2.6% to $20.1 billion in 2003. This is… Continue reading Global Cinema Admissions To Fall 3.8% In 2003

Capital Radio is expecting a 4% fall in like for like airtime advertising revenues for the year ending 30 October, despite a gradually improving environment. Meanwhile, rival radio company, GWR Group, says its Local Radio Group is trading strongly, whilst Classic FM revenues remain volatile. Capital’s airtime revenues were down by 6% in the quarter… Continue reading UK Radio Groups See Slight Improvement, But Revenues Down

The French media group Vivendi has announced a reduction in losses for the first six months of 2003 as it seeks to extricate itself from a severe debt crisis. The company said yesterday that net debt was down to €13.7 billion from more than €35 billion this time last year following the sale of a… Continue reading Vivendi On The Comeback Trail, Fourtou Targets Profit

The revival in the advertising economy is well and truly underway, with the US driving the upturn, and signs are that 2004 will be a good year for the industry. That was the essence of a speech by WPP supremo, Sir Martin Sorrell at a prominent gathering of media executives this week. The Lehman Media… Continue reading WPP To Prosper From Advertising Resurgence

The use of dial-up by European businesses is set to fall as they increasingly turn to high-speed, broadband platforms for their internet connection, according to a new report from IDC. IDC says that the number of business broadband connections in Western Europe Â- 2.8 million at the end of 2002 Â- will grow by 34%… Continue reading European Businesses Turn To Broadband

BSkyB is launching a global search to find a new chief executive, amid fierce speculation that Rupert Murdoch intends to install his youngest son in the position. The satellite broadcaster’s nomination committee is understood to have called in head-hunters to draw up a list of potential candidates to replace Tony Ball, who announced on Tuesday… Continue reading BSkyB To Launch Global Search For New Chief Executive

Maiden Group, the UK outdoor advertising contractor, says it has seen first half revenue growth above company expectations, despite continued challenging economic and advertising conditions. Its first half results today showed a pre-tax loss of £1.9 million, down from the loss of £2.3 million in H1 2002, whilst group turnover rose by 6% to a… Continue reading Maiden Sees Better Visibility In Outdoor Sector

BSkyB has today confirmed that Tony Ball is to step down as chief executive, after four years at the helm of the satellite broadcaster. Ball will continue in his current position until a successor is appointed, but he is expected to leave well before his current contract expires at the end of May next year.… Continue reading Tony Ball To Step Down As BSkyB Chief