More Media Business articles

Capital Radio has acquired a 19% stake in Tainside, the company which owns and operates the two Choice FM radio stations in London. The group paid £3.3 million for the interest and has an option to acquire the remaining 81% of the issued share capital of Tainside. The transaction values the entire business at £16… Continue reading Capital Radio Takes Stake In Choice FM

UK public relations and advertising group, Chime Communications, has bought Jaques Russell, a property marketing company, for an initial £350,000, to be paid in cash and shares. A further £350,000 may payable depending upon the gross profits generated by the business in the period of up to 15 months following completion of the deal.

Zenith Media has launched a damning attack on ITV’s decision to press on with the investment in its digital terrestrial TV service, ITV Digital. According to the MediaGuardian website today, the media buying agency – one of ITV’s biggest customers – has said in a report that nothing short of ‘divine intervention’ will save the… Continue reading Zenith Report Scorns ITV’s Digital Plans

Newspaper publishing groups Johnston Press and Trinity Mirror are considering whether to ask approval from the Competition Commission for the proposed acquisition by Johnston of eight free weekly local papers from Trinity. The announcement follows Competition Minister Melanie Johnson’s decision not to allow the deal to go ahead without investigation by the Competition Commission first.… Continue reading Johnston Considers Requesting Regulator Approval For Trinity Papers Acquisition

WPP is thought to be waiting to have a look at the interim financials of UK media planning and buying agency Tempus before deciding whether or not to proceed with its 555p per share takeover plan (see Tempus Confirms WPP Offer). WPP is now in a position to seal the deal unchallenged, following the withdrawal… Continue reading WPP Waits On Tempus Results Before Making A Move

Havas Advertising has this morning announced that it will allow its offer for Tempus to lapse after the next deadline, Monday 24th September, has passed. Earlier this week the group extended the period for acceptance of its original offer but resisted the opportunity to make a higher bid. Now Havas says that it will let… Continue reading Havas Will Not Renew Tempus Offer

Publishing group, Highbury House Communications, has announced that its subsidiary Cumulus Business Media has acquired DMG World Media’s subscription and controlled circulation Power Portfolio of magazines, together with the associated yearbooks. Highbury House will pay 10% of the annual turnover of the titles over the five-year period from 1 September 2001 to 31 August 2006.… Continue reading Highbury House Acquires DMG Power Titles

The Italian advertising market, the only remaining growth market in Europe just a few months ago (see Forecasts and Forecasts), is now showing a continuing downward trend. The latest ACNielsen data, analysed by ABN Amro, show a 7.3% decline in ad revenues during July. The majority of this was felt in the radio and newspaper… Continue reading Once Strong Italian Ad Market Now Shows Downward Trend

As share prices continue to tumble at Pearson, both Morgan Stanley Dean Witter and ABN Amro have downgraded their outlooks for the media group. Much of the fall in Pearson’s figures comes from European broadcaster RTL, in which Pearson holds a 22% stake. RTL yesterday reported an interim loss of E2.2 billion (see RTL Postpones… Continue reading Pearson Downgraded As FT And RTL Outlooks Deteriorate

US newspaper publishers have shown the extent to which the advertising and economic slowdown there is hurting the media, with a disappointing set of figures for August, according to analysts at ABN Amro. The New York Times Company saw revenues decline by 17.8% last month, with technology, media and telcoms advertising particularly weak. Revenues at… Continue reading US Newspaper Groups’ Figures Show Tough Conditions