More Media Business articles

The Wireless Group this morning said that it is to sell Scot FM to the Guardian Media Group (GMG) £25.5 million in cash and loan notes. Scot FM Limited owns just one licence and broadcasts across the central belt of Scotland as Scot FM. It was attained by Wireless Group as part of the acquisition… Continue reading Wireless Group Sells Scot FM To Guardian Media For £25.5m

Magazine and internet publishing group, Future Network, is to sell the US edition of its Business 2.0 title to The Fortune Group, a division of AOL Time Warner. The move to dispose of Business 2.0 in the US follows the closure of the European edition after it suffered from a downturn in the business sector… Continue reading Future To Sell US Business 2.0 To Fortune Group

Pearson, Reed-Elsevier and Wolters Kluwer are thought to be likely bidders for the professional and free magazines business of Vivendi Universal, according to a report in French newspaper La Tribune. The paper claims that the sale of this division is the most likely divestment by Vivendi Universal to finance its acquisition of Houghton Mifflin.

Outdoor advertising contractor, Adshel, has won what it claims is the single largest street furniture advertising contract ever. The 15 year deal in Singapore is worth around US$500m (£350 million). Roger Parry, CEO of Adshel’s parent company Clear Channel International, says that the deal is a ‘highly strategic win’. The contract covers 4,000 advertising faces,… Continue reading Adshel Wins ‘Highly Strategic’ Singapore Contract

Advertising revenues at Daily Mail & General Trust’s (DMGT) Associated Newspapers division grew by 10.5% across the half year to 1 April 2001. The Daily Mail, Mail On Sunday, Evening Standard and Metro all performed well in terms of ad revenue and the division saw operating profit up 16% and turnover up 6%. Circulation of… Continue reading DMGT Results Flat, But Outlook Is Optimistic

Around 500 jobs are expected to be lost at Reuters, following an organisational restructure. The measures form part of an initiative by Tom Glocer, who is due to succeed Peter Job as CEO of the company at the end of July. The restructure affects the Board; Rob Rowley and Jean-Claude Marchand will step down in… Continue reading Reuters Restructure Costs 500 Jobs

EMAP is to acquire a 50% stake in French publishing group, Media Nature, from its joint venture partner Bayard Group. EMAP will pay FF175.2 million (£16.0 million) for the stake, giving it full ownership of the outdoor titles publisher. Media Nature produces a number of established outdoor titles in France covering the hunting, fishing and… Continue reading EMAP Takes Control Of French Magazine Group

Crispin Davis, chief executive of Anglo-Dutch publishing group Reed Elsevier, this morning outlined how the company is increasing its momentum in the online publishing sector. Speaking at Merrill Lynch’s annual TMT conference in London, Davis talked about how Reed Elsevier has moved away from print publishing to digital information services in its science, legal and… Continue reading Reed Elsevier Gains Online Momentum, Says CEO

United Business Media (UBM) has this morning described how the worsening hi-tech advertising market is affecting its CMP Media publishing division. During April advertising page volumes across the market were 25.6% lower than the previous year; against this CMP’s titles recorded a 14.8% decrease. The group has also increased its market share year on year,… Continue reading UBM Feels Tech Advertising Slump

According to the Henley Centre, the average person lost two hours of their leisure time to work between 1992 and 1998, leaving less opportunity for media consumption. Road congestion is getting heavier, meaning more time sat in the car and less at home and when people do sit down in front of the telly or… Continue reading Insight Analysis: ‘Passive’ Media Benefit From Ad-Fatigue