More Media Business articles

Capital Radio has this morning announced the sale of Bucks Broadcasting and Sun FM to Radio Investments. The disposal of the stations – Mix 96 and Sun FM – is part of Capital’s strategy to focus on large stations operating in major metropolitan areas. In a separate transaction, Capital Radio’s 30% shareholding in The Wolf… Continue reading Capital Radio Disposes Of Small Stations

Advertising agency Cordiant Communications has this morning turned in a strong set of financial results which show record net new business wins last year, worth £750 million. Cordiant’s results show that ad agencies are continuing to perform well whilst many media owners are suffering an ad revenue downturn. Pre-tax profits grew by 79.1% at constant… Continue reading Cordiant Turns In Record Figures

Publishing group Dow Jones has warned that its profits are likely to be far lower had been expected due falling ad revenues at its Wall Street Journal newspaper. Dow Jones is yet another company to feel the squeeze of contracted adspend, with the New York Times Co. making a similar statement earlier in the week… Continue reading Dow Jones Is Latest Publisher To Issue Profits Warning

Cable company NTL is looking forward to a strong, consolidatory year as its recent acquisition of rival group Cable & Wireless Communications (CWC) starts to bear fruit. The company believes it is on target to achieve its 2001 financial targets of £2.6 billion in revenues and £385 million of EBITDA. The group achieved record quarterly… Continue reading NTL Looks To Reap Benefits Of Investments

German public service broadcasters ARD and ZDF have acquired the rights to show the 2002 and 2006 World Cup competitions after reaching an agreement with Kirch, owner of the European-wide rights to the tournaments. The news follows Kirch’s previous refusal to guarantee the rights to the 2006 competition in a potential DM225 million sale of… Continue reading German Public Service Broadcasters Acquire World Cup Rights

According to recent US Census Bureau data, B2B e-commerce dominated commercial activity in the US in 1999. The “E-stats” report, published today, shows that while e-commerce accounted for a relatively small percent of total economic activity in key sectors of the US economy, e-commerce transactions between businesses (B2B commerce)accounted for a surprisingly large proportion of… Continue reading 1999 e-Commerce Report From US Census Bureau

Media giant AOL Time Warner announced today that it will create a new TV networks group under the Turner Broadcasting System umbrella, which will include both Turner’s basic cable networks and The WB broadcast network. The division will be the world’s largest television networks group, the company said. The expanded TV networks group will share… Continue reading AOL Time Warner Mergers TV Divisions Into Single Network

Channel 5 has announced another deal with a dotcom company to swap advertising airtime on the station for a stake in the online business. The deal with PetsPyjamas.com is the sixth such swap Channel 5 has negotiated. C5 will provide £2 million’s worth of airtime to PetsPyjamas.com over the next 14 months in exchange for… Continue reading C5 Swaps Airtime For Equity With PetsPyjamas.com

Guardian Newspapers Ltd, today announced the appointment of Simon Waldman, Head of Guardian Unlimited, and Derek Gannon, Head of IT, to the Guardian Newspapers Ltd (GNL) Board. Their titles change to Director of Digital Publishing and IT Director respectively and Waldman and Gannon will join the eleven strong GNL Executive Board with immediate effect. Carolyn… Continue reading Board Appointments At Guardian Newspapers Ltd

When United Business Media last week announced an 11.4% rise in headline profit during 2000, the company reporting was almost completely unrecognisable, even in name, from this time last year. United has chosen its way forward and begun the new millennium making certain it is on track. The new century began with plans for a… Continue reading Insight Focus: United Business Media