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Publishing group Highbury House says that there has been a deterioration in newsstand sales during February – a trend which may have continued into the following months. Speaking at the company’s AGM this morning, executive chairman Ian Fletcher said that as newsstand sales can only be accurately quantified two months in arrears, it is difficult… Continue reading February Warns Of Deteriorating Newsstand Sales For Highbury House

Trinity Mirror chairman, Sir Victor Blank, this morning told the company’s AGM that advertising growth for the first three months of the year slowed, but remains in line with the outlook given by Trinity in its preliminary results (see Profits Up At Trinity Mirror As ic24 Buyer Is Sought). In April, the rate of growth… Continue reading Advertising Slows At Trinity Mirror Titles

US media group Liberty Media has regained its majority shareholding in UK cable company, Telewest Communications. At the end of last week Liberty bought a further 20 million shares in Telewest for around £30 million. Liberty’s arrangements with Microsoft and MediaOne mean that they are also effectively stakeholders in Telewest, with a combined stake of… Continue reading Liberty Regains Majority Holding In Telewest

Reed Elsevier’s acquisition of Harcourt General is to be allowed by the Department of Justice in the US, the company announced this morning. Outside the United States, the acquisition has already received clearance from the competition authorities in Germany, Austria and Ireland and now awaits regulatory clearance only from the UK’s Competition Commission (see Reed… Continue reading US Clears Reed’s Harcourt General Acquisition

Global marketing communications group, Cordiant, has today announced the acquisition of broadcast public relations consultancy Bulletin International, for an initial consideration of £2.9 million. Bulletin is headquartered in London and has operations in Hong Kong, New York and Singapore. Its services include strategic counsel, media relations, editorial media planning, editorial content production and media training.… Continue reading Cordiant Acquires Broadcast PR Group

United Business Media (UBM) has cut its online investment for the current year from the planned £45 million to no more than £30 million. It blames the ‘current market conditions’ for the investment cuts, notably the downturn in high-tech advertising in the US. Given these cutbacks, along with growth in News Distribution and Market Research… Continue reading UBM Cuts Online Spend During Hi-Tech Advertising Slowdown

There has been a flurry of speculation over recent months about a knock-on effect of the US economic slowdown for the UK and the rest of Europe. Certainly media companies are starting to tighten their belts, if only as a precautionary measure. The downturn in the US is now clear and present; here in the… Continue reading Insight Analysis: Is The UK Economy About To Tumble?

ISMM, the near-bankrupt sports marketing agency which is responsible for selling the broadcasting rights to the next two World Cup competitions, has been given a reprieve with the news that French media group Vivendi plans to acquire the business. Vivendi has one month to finalise the acquisition – expected to be worth around €100 million… Continue reading Vivendi To Save ISMM

Publishing group Highbury House Communications says it has successfully completed the acquisition of a portfolio of business titles from Reed Business Information. The RBI Portfolio consists of ten titles in the electrical, transport and retail sectors and generated revenues of approximately £9 million and a profit contribution of approximately £0.8 million in the year ended… Continue reading Highbury Completes RBI Titles Purchase

There has been a flurry of speculation over recent months about a knock-on effect of the US economic slowdown for the UK and the rest of Europe. Certainly media companies are starting to tighten their belts, if only as a precautionary measure. The downturn in the US is now clear and present; here in the… Continue reading Insight Analysis: Is The UK Economy About To Tumble?