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Scottish Radio Holdings (SRH) this morning said that it has discontinued offer talks for the group, at least ‘for the time being’. The announcement comes as the group completes the Goldman Sachs-led strategic review which began in December last year. In recent months, the Board has been in discussions with a number of parties which… Continue reading Scottish Radio Ends Takeover Talks As SMG Declines To Reveal Its Intentions

The divide between the strongest and weakest Internet companies in Europe is widening according to the latest edition of the PricewaterhouseCoopers Internet 150, a rolling quarterly analysis of cash burn rates and share price performances of the top 150 publicly listed European internet companies. The top 25% of companies in the index are, on average,… Continue reading European Internet Market: Divide Grows Between Rich And Poor

It is thought that talks will be initiated this week regarding the integration of Carlton and Granada’s new media divisions. Simon Shaps, managing director of Granada Broadband and Duncan Eaton, marketing and strategy director at Carlton Interactive are expected to meet with Stuart Prebble, chief executive of ITV to discuss the structure of ITV.com. Plans… Continue reading Carlton And Granada New Media Departments To Plan ITV Web Presence Boost

Cable group NTL has this morning announced a quarterly revenues increase of 6% to £622 million, for the three months ended 31 March. At the same time EBITDA increased by 32% quarter on quarter to £86 million. Earlier in the week the group’s wholly-owned subsidiary, NTL Communications Corp, placed $1 billion worth of Convertible Notes;… Continue reading NTL Raises Cash For The Future

WPP’s wholly-owned global branding, identity and consulting group, The Brand Union, has acquired UK-based Marketing & Communication Agency (“MCA”), an internal communications consultancy, for an undisclosed sum. MCA has offices in London, New York and Stockholm and specialises in providing multinational clients with brand-building tools, on both a corporate and employee level, through the creation… Continue reading WPP Acquires UK Communications Consultancy

Stock in BSkyB dropped heavily yesterday following the group’s interim financial results (see BSkyB To Cease Analogue Broadcast This Summer), to end down 52p (6.1%) at 804p. Shares continued to fall as trading opened this morning; they were down a further 11p to 793p by midday. Whilst Sky’s figures were in the main strong, with… Continue reading BSkyB Financial Results – Reaction

The costs of investing in internet development are showing at Chrysalis Group, as interim financial results for the six months to 28 February, show a group-wide pre-tax loss of £5.6 million. Chrysalis spent £9.1 million on new media activities, giving an operating loss of £4.8 million (compared to a £1.1 million profit for the same… Continue reading New Media Costs Push Chrysalis Into The Red

News Corp, parent to News International and BSkyB in the UK, released its financial results last night, showing a net profit after tax of $127 million, down slightly on the $193 million of last year. The fall was principally due to a weaker Film market, according to analysts at ABN Amro. Newspaper revenues, however, were… Continue reading Newspapers And BSkyB Strong For News Corp

According to a recent Oftel study of around 700 small and medium sized enterprises (SMEs), a net connection is still a desirable asset and one which many have already invested in. 92% of medium businesses and 59% of small businesses are already connected to the internet

BSkyB plans to switch off its analogue broadcast completely, on target, during the summer of this year, the company announced this morning. Having grown its digital subscriber base to 5.4 million with a record quarter growth of 252,000 sales, Sky is in line to meet the target of 7 million digital customers by 2003. The… Continue reading BSkyB To Cease Analogue Broadcast This Summer