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United News and Media has announced that its profits for the year are likely to be in line with expectations, thanks in part to the disposal of £3.25bn of its consumer media assets. As a result it has confirmed that the company will be renamed United Business Media from Monday 18 December, and will restructure… Continue reading United News And Media Predicts Profits In Line With Expectations, Confirms Name Change

The board of United News and Media (UNM) has decided to exercise the option in its merger agreement with Granada Media which allows it to receive cash of £1,250m instead of Granada Media shares as the balance of consideration for UNM’s ITV and related assets. In September the company announced that if it took the… Continue reading United News and Media Announces Intention To Repurchase Shares

IPC has released results for the year which has seen a revival of the past – in the form of the Nova relaunch and an embracing of the future with the success of digital brand unmissabletv Profit before tax for the company, which introduced a new, brand-focussed strategy in June, reached £15.1m, compared to a… Continue reading IPC Announces More New Media Investment And NTL Deal For Unmissabletv

Yesterday’s Communications White Paper produced a mixed response from the media industry. The blueprint for the regulation of communications in the digital age was welcomed with caution by most industry bodies, and drew criticism for dodging important issues such as cross-media ownership and the creation of an independent regulator for the BBC. The biggest sweeping… Continue reading Industry Gives Cautious Welcome To White Paper

British Sky Broadcasting has announced the launch of its digital text service, Sky Text. Delivering more than 1,200 pages of news, sport, entertainment and information through the text button on subscribers’ remote controls, its interactive elements also allow viewers to go online to bet on sporting events or to access Sky.com. The TV betting facility… Continue reading BSkyB Announces Launch Of Sky Text

Carlton Communications’ plans for a E250m pan-European internet alliance have collapsed after the media group failed to secure a financial commitment from Italy’s Mediaset, Telecinco of Spain and Germany’s Kirch. Michael Green, Carlton chairman, had earlier this year announced plans for a “Grand @lliance” which would have seen the four media groups, plus TF1 of… Continue reading Carlton’s European Internet Alliance Hopes Dashed

The board of the Scottish Media Group (SMG) has confirmed that it has acquired 4.9 million shares, or a 14.9% stake, in Scottish Radio Holdings (SRH) this morning. SMG’s broker is said to be acquiring further shares in the market, but there is no intention at present of making an offer for SRH in its… Continue reading SMG Acquires 14.9% Stake In Scottish Radio Holdings

The board of Scottish Radio Holdings has advised its shareholders to take no action following today’s announcement that SMG is to raise its stake in the group. It is believed that SMG’s move may lead to an auction for the company and the board has told its shareholders to cease trading shares in the group… Continue reading Scottish Radio Tells Shareholders To Hold Back

News International’s stable of newspapers has begun to tighten its belt as fears over a slowdown in advertising revenue mount. According to reports in the Financial Times, executives at the Times, the Sunday Times, the Sun and the News of the World have set out a budgeting programme which includes a freeze on new hirings.… Continue reading Ad Slowdown Fears Hit Newspaper Publishers

Shares improved on the results up from 525p to 543p. Stock continued to climb during Wednesday reaching 565p as a sale of the groupÂ’s Technicolor business. The Daily Telegraph notes that whilst Carlton shares have suffered from its failure to secure the merger with UNM and fears of a downturn in ITV advertising, there has… Continue reading Carlton Communications results: City Reaction