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Chrysalis Radio is in advanced discussions to take control of LBC’s owner, London News Radio, from GWR Group, the group has confirmed this afternoon. No figure was cited in Chrysalis’ statement, but press reports speculate that the group will pay in the region of £25 million for LNR. However, the acquisition would be part of… Continue reading Chrysalis To Swap Galaxy 101 For London News Radio

Radio content and programme producer UBC Media Group this morning said that its revenues are expected to be up by 20% year on year for the six months to 30 September 2002. Growth has been particularly strong at Classic Gold Digital, with revenues up 58% to around £2.2 million. UBC acquired the Classic Gold business… Continue reading UBC Figures Show Positive Radio Revenue Growth

Dawn Airey, the subject of the most high profile UK media transfer this year (see Airey Leaves Channel 5 Top Post For BSkyB), is to leave Channel 5 at the end of the week as speculation grows that a tie-up with Rupert Murdoch’s BSkyB is set to become a reality. Airey was on a year’s… Continue reading C5 Future Up In The Air As RTL Hints At Deal

Strong consumer magazine sales at EMAP have helped offset weaker trading in the radio market in the last six months, the group reported in a trading statement this morning. This is in line with earlier indications reported on MediaTelINSIGHT (see EMAP And Capital Update On Trading, Merger Mooted). Total revenues at EMAP will rise by… Continue reading EMAP Remains Resilient In Tough Markets

Chief executive of Trinity Mirror, Philip Graf, has announced his decision to leave the company next summer. Graf was appointed chief executive of Trinity Mirror in September 1999 and has been influential in reorganising and developing the company following the merger of Trinity and Mirror Group. The company’s board has appointed a subcommittee, chaired by… Continue reading Chief Executive Steps Down At Trinity Mirror

Media communications and market research network, Aegis Group, has acquired INNER Strategic Research, a Madrid-based independent market research agency. Aegis has been looking to expand Synovate, its market research network, and will pay an initial £3 million in cash for the Spanish firm. A deferred sum is payable over the next three years dependent on… Continue reading Aegis Acquires Spanish Market Research Group

Dawn Airey has announced that she is stepping down as chief executive of Channel 5 to join BSkyB as managing director of its Sky Networks division. It had been widely expected that Airey would become ITV’s new director of channels following news of David Liddiment’s departure from the network. However, it has been confirmed that… Continue reading Airey Leaves Channel 5 Top Post For BSkyB

National press display advertising in the UK is ‘volatile and unpredictable’, according to the Daily Mail & General Trust (DMGT). The group says that revenue in this sector will be pretty much flat in the second half, resulting in a full year decline of around 9%. The group says that retail and travel advertising have… Continue reading UK Press Advertising Is ‘Volatile And Unpredictable’, Says DMGT

Bidding is underway for the broadcasting rights to the next World Cup after KirchMedia disclosed that its sports division is to be sold separately from the rest of the company’s assets. Already in possession of the broadcasting rights for Europe, KirchMedia exercised an option to purchase the worldwide TV rights for the 2002 and 2006… Continue reading Kirch Move Prompts World Cup Rights Auction

Chairman of Cordiant Communications, Charlie Scott, has stepped down after 13 years with the advertising group. His departure comes just weeks after chief executive, Michael Bungey, announced his intention to leave the company in March next year to be replaced by David Hearn, currently chairman and CEO of the company’s US ad network, Bates Worldwide… Continue reading Cordiant Chairman Follows Bungey And Jumps Ship