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The £25.5 million sale of Scot FM to the Guardian Media Group (GMG) in June (see Wireless Group Sells Scot FM To Guardian Media For £25.5m) has helped push Wireless Group into profit for the six months ended 30 June 2001. The £22.5 million profit from the disposal nudged pre-tax profit up to £5.0 million;… Continue reading Scot FM Sale Boosts Wireless Group Profits

Deutsche Telekom AG has sold its remaining six German cable regions to US company media company, Liberty Media Corporation. The sale is part of Deutsche Telekom’s strategy of focusing on its four main corporate divisions – mobile communications, internet communications, systems solutions and network access services – and spinning off its non-core assets, the company… Continue reading Deutsche Telekom Sells German Cable Regions To Liberty Media

Independent News & Media (INM) this morning reported that its pre-tax profits fell by 17.2% to E56.6 million during the six months to 30 June. The group, which publishes the Independent national newspaper, says that the drop is due to adverse currency movements, exceptional start-up costs, investment in a new Irish print facility and costs… Continue reading Independent News & Media Sees Profits Fall 17%

Global media company, Pearson, has sold its FT Energy publishing group to Platts, the global energy information and marketing services business of The McGraw-Hill Companies. The purchase price has not been disclosed. The sale of FT Energy is the last in a series of disposals that enables the FT Group to focus on delivering international… Continue reading Pearson Disposes Of Non-Core FT Energy

BSkyB has said it is in line to meet its average revenue per user (ARPU) target of £50 per year by 2005 from the home shopping and entertainment platform, Sky Interactive, according to a news report on AFX News today. BSkyB’s overall ARPU target is set at £400. Sky currently has around 5.5 million customers… Continue reading BSkyB And Telewest Set To Meet User Revenue Targets

French media group Havas Advertising is understood to have extended its 541p per share offer for UK agency Tempus Group until 17 September (see Tempus Confirms WPP Offer). The news comes as Havas announces that it now controls or has received irrevocable undertakings for 29.3% of Tempus. WPP’s 555p per share bid for Tempus still… Continue reading Havas Moves In On Tempus

RTL is in talks with Guardian Media Group (GMG) and UBC regarding the sale of its 80% stake in longwave radio station Atlantic 252, according to press speculation. It has been reported that GMG and UBC plan to close Atlantic, which broadcasts across most of the UK, in order to replace it with an analogue… Continue reading RTL Looks To Sell Atlantic 252

There was further deterioration in the US hi-tech advertising market during July, according to a CMP Media trading update released by parent company United Business Media (UBM) this morning. UBM said that advertising page volumes during July were down for both the market and CMP. The business-to-business information technology market as a whole decreased by… Continue reading Hi-Tech Ad Volumes Show Further Deterioration In US, According UBM

The UK’s manufacturing industry is firmly stuck in recession, according to the August Purchasing Managers’ Index (PMI) published by the Chartered Institute of Purchasing and Supply (CIPS) this morning. The PMI dropped from 47.0 in July to 46.4 in August and the rate of decline for a number of key indicators increased during the month.… Continue reading Industry Surveys Show Deepening Gloom For UK Economy

Japanese telecoms giant, NTT DoCoMo, is set to become the world’s first group to offer the much-hyped third generation – or 3G – mobile phone system. The company this morning announced that it has applied for permission from the Japanese Government to launch the 3G wireless service on 1 October 2001. The system has been… Continue reading NTT DoCoMo Set To Win 3G Mobile Race