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Granada chairman, Charles Allen, has conceded that he could accept the double divestment of ITV’s sales houses to save the broadcaster’s £4 billion merger with Carlton. Allen has so far been fiercely opposed to the idea that Carlton and Granada might be forced to sell-off their sales house in an attempt to calm fears over… Continue reading Granada Chief May Accept Divestment To Save ITV Merger

AOL Time Warner is to drop AOL from its name in a symbolic move to distance the corporation from its ill-fated merger at the height of the dotcom boom. It is understood the move will be discussed at today’s board meeting and the group will revert back to the TWX stock ticker symbol that Time… Continue reading AOL Time Warner Set For Name Change

Advertising and PR firm, Chime Communications has reported a sharp fall in profits for the first half of 2003 and there seems little prospect of an improvement in the trading climate. Interim results issued today show a pre-tax profit of £3.0 million, down from £4.6 million last year. Operating income dropped 14% to £26.9 million.… Continue reading Chime Profits Drop By 35% As Conditions Remain ‘Testing’

Chrysalis Radio has seen its revenues rise by 14.8% during the twelve months to 31 August 2003, significantly outperforming the radio industry which grew by just around 3% over the same period. These strong figures come as the group disposes of its television assets to concentrate on the music and radio sectors (see Chrysalis Makes… Continue reading Chrysalis Radio Continues To Outperform Industry

Havas today posted a first half loss of â‚Ź58 million and issued details of a restructuring plan designed to revive fortunes at the ailing French advertising group. Operating profit fell to â‚Ź68 million in the six months to the end of June from â‚Ź115 million a year earlier. This was below analysts’ expectations and Havas… Continue reading Havas Presses On With Restructuring, H1 Profits Down

The number of worldwide broadband subscribers increased by 72% to approximately 63 million in 2002. This is the main finding of a new survey from the International Telecommunication Union (ITU). According to the study, the Republic of Korea leads the way in high-speed internet penetration with 21 broadband subscribers for every 100 inhabitants. Hong Kong… Continue reading One In Ten Global Internet Users Has Broadband, Says Study

The Senate has dealt a blow to the Federal Communications Commission and the Bush administration by voting against new ownership rules that would have given large media companies more influence in the US market. On Tuesday, senators approved a resolution to overturn the regulations by 55 votes to 40. This follows the intervention of a… Continue reading FCC Rule Changes Shot Down By Senate

BSkyB chief executive, Tony Ball, could leave the satellite broadcaster as part of a wider management shake-up implemented by Rupert Murdoch. Murdoch, whose News Corporation controls over 35% of BSykB, is reported to be in talks with Ball about his future at the television company following the expiry of his contract in June next year.… Continue reading Ball Could Depart BSkyB After Management Restructure

A strong performance in the US has helped international magazine publisher Future Network to achieve a rise in first half pre-tax profits of 22% to £1.1 million, on a rise in turnover of 9% to £80.6 million. The company said that UK profits, down by 0.1% to £6.0 million, were held back by increased launch… Continue reading Future Network Profits Up 22%, Buoyed By Strong US

Advertising groups WPP and Publicis have been linked with sports rights agency Sportfive, which is reported to have been put up for sale by its current owners. According to Reuters, potential bidders have been sent a prospectus on the business which matches up corporate sponsors with sports teams and individual players. It also sells the… Continue reading Advertising Giants Pursue Sportfive