More Media Business articles

The four websites owned by Express Newspapers are to close following an unsuccessful attempt to find a buyer for them. Express.co.uk, Allaboutparents.com, sportlive.co.uk and companyleader.com are expected to be put into liquidation today. The websites were transferred to stockbroker Seymour Pierce for a nominal sum last month as part of a series of cost-cutting moves… Continue reading Express Websites To Close

The Radio Authority has published its new Advertising and Sponsorship Code to bring it up-to-date with current or imminent legislation. In the first major review in ten years, the changes reflect the increased importance of radio advertising. Presenters will for the first time be allowed to voice live sponsorship messages within their programmes as long… Continue reading Radio Authority Announces Modernisation Of Advertising Rules

The BBC will in future be required to present its proposed new media services to the Government, following the publication of a list of criteria by culture secretary Chris Smith. Approval for the Corporation’s digital services will be granted provided it fulfils a number of requests. Funding of new services through licence fees must be… Continue reading Government Lays Out Criteria For BBC’s Digital Services

WPP has announced the acquisition of Imaginet, an US-based e-services consultancy. This is the second deal the group has made since the New Year, following the purchase of Deen + Black on Wednesday, and continues its strategy of developing new media interests both internally and through new ventures. Imaginet develops advanced e-business solutions and took… Continue reading WPP Acquires Imaginet

The big names of commercial broadcasting are clubbing together to try and thwart the BBC’s plans to launch digital rivals to their channels. BSkyB, Telewest and Turner Broadcasting are said to be included in a consortium of seven which is accusing the Culture, Media and Sport Secretary Chris Smith of allowing the BBC to abuse… Continue reading Commercial Broadcasters Demand Tighter Reins On BBC Digital Plans

Magazine group Future Network has issued a new profits warning, just two months after it revised its previous estimates. In a trading update released this morning the group said it will not achieve the profits, revenues and EBITA estimates laid out in November. Underlying profits for the year to December 2000 have now been reduced… Continue reading Future Network Issues Second Profits Warning

Johnston Press has announced the acquisition of four paid-for newspapers from Mortons Media Ltd. The titles are all based in the Lincolnshire area and include the Horncastle News series, the Louth Leader series, the Skegness News and the Market Rasen Mail. The deal will be subject to approval from the secretary of state for trade… Continue reading Johnston Press Acquires Four Titles From Mortons Media

Johnston Press has announced the acquisition of four paid-for newspapers from Mortons Media Ltd. The titles are all based in the Lincolnshire area and include the Horncastle News series, the Louth Leader series, the Skegness News and the Market Rasen Mail. The price paid by Johnston for the titles has not been disclosed, although the… Continue reading Johnston Buys Lincolnshire Titles

Speculation over the sale of Scottish Radio Holdings continued throughout the festive season. SMG failed to make a full bid for the group despite increasing its stake in its rival to 20.8% following a planned relaxation in legislation in the Government’s White Paper. SRH has said it would consider a stock purchase by SMG as… Continue reading Ownership Brief

The Independent Television Commission (ITC) has announced the financial terms that will be offered to Anglia Television if it chooses to apply to extend its licence for a further 10 years. The ITC has asked the East of England ITV franchise to pay a vastly reduced rate for renewal of its licence. A cash sum… Continue reading ITC Announces Anglia Terms For Renewal