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Kevin Hand, chief executive of EMAP, has resigned with immediate effect, the media group announced this morning. Although the statement from EMAP did not state the reasons for Hand’s departure, it is likely that his position became untenable after the failure to consolidate the US business Petersen which he headed (see EMAP Reported To Be… Continue reading EMAP Chief Resigns As Results Come In Line With Expectations

According to new figures, many of the top UK radio stations (in revenue terms) have seen a decline in the amount spent on radio advertising year on year. Despite its audience being restricted to London, Capital 95.8fm continues to attract a larger share of advertising revenue than any other local or national station. However, figures… Continue reading Top Radio Stations See Year On Year Slide In Ad Revenue

Virgin Radio’s new media division, Ginger Online, has been renamed Virgin Radio New Media and has gained a new managing editor in the form of James Cridland. The name change has been made to align the division more closely with what the station sees as its core activities. Cridland’s responsibilities will include the expansion of… Continue reading Virgin Radio To Boost Online Division

Radio First this morning said that it has had an ‘extremely successful’ six months in which it signed carriage deals with BSkyB and secured £3.5 million of funding for the development of its stations. The company recently struck a five-year deal with BSkyB to broadcast its network of football club-related digital radio stations regionally, via… Continue reading Radio First On Target For Football Station Launches

Carlton Communications has today confirmed press reports that its chief executive Gerry Murphy has accused Granada of ‘hysterical scaremongering’ in its attempt to influence the Government over the media ownership rules. Responding to Granada’s letter to the prime minister (see Granada Warns Of ‘Potential Disaster’ For ITV) Murphy said: “We disagree fundamentally that a slippage… Continue reading Carlton Chief Hits Back At Granada’s ‘Scaremongering’

This week saw the latest Big Mac Index (BMI) from The Economist. The survey, launched in 1986, is described as ‘a way to make exchange-rate theory a bit more digestible ‘and is based on the theory of purchasing-power parity (PPP), in simple terms the idea that a dollar is a dollar wherever you happen to… Continue reading Burgernomics? The Economist’s Unique Take On The Currency Market

This week, leading representatives of the UK radio, TV and outdoor markets have been reporting on their successes and failures in recent months and looking to the future with varying degrees of optimism. On Tuesday, GWR released their full-year results which fell within expectations. Revenues from flagship station Classic FM were reported to be up… Continue reading Insight Analysis: Mixed Outlook For Old Media

A new report from Jupiter claims that reports of ‘the death of online retail’ have been greatly exaggerated and forecast that US online trading is set to reach $130 billion by 2006. Originally Jupiter had predicted that online sales would hit $36 billion in 2001 and, subsequently, $118 billion by 2005. Although the actual figure… Continue reading Online Trading ‘Not Dead’ Says New Jupiter Report

This week saw the latest Big Mac Index (BMI) from The Economist. The survey, launched in 1986, is described as ‘a way to make exchange-rate theory a bit more digestible ‘and is based on the theory of purchasing-power parity (PPP), in simple terms the idea that a dollar is a dollar wherever you happen to… Continue reading Burgernomics? The Economist’s Unique Take On The Currency Market

Stock in Carlton Communications dropped sharply yesterday after the company’s financial results admitted that there is no obvious improvement in advertising on the horizon (see Carlton Stock Dives On Indefinite Ad Downturn). Stock closed yesterday down 20p at 392p. The group also halved its dividend to 3.3p in order to offer ‘more flexibility’ in the… Continue reading Carlton Communications Financial Results – Reaction