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Stock in the radio sector is currently in freefall after Scottish Radio said it had ended merger discussions (see Scottish Radio Ends Takeover Talks As SMG Declines To Reveal Its Intentions) and a report in this morning’s Financial Times claimed that Capital Radio will tomorrow issue a profits warning. Shares in these two groups naturally… Continue reading Insight Analysis: Radio Shares Take A Dive

BSkyB has completed the acquisition of British Interactive Broadcasting Holdings (BIB), the company which owns and operates the Open interactive TV service. Sky has bought out BT’s stake in BIB, after the telecommunications company decided to exercise its option to exit the group, following Sky’s acquisition of HSBC and Matsushita’s holdings last week (see City… Continue reading BSkyB Completes Open Acquisition

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

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

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