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Commercial radio revenue figures for the second quarter of 2007 have grown to over £85 million, according to RadioCentre, the industry body for UK commercial radio. In a statement released today, RadioCentre said local revenue for the quarter grew year on year by 1.2% to over 40 million and sponsorship & promotions revenue dipped slightly… Continue reading Growth For Commercial Radio Revenues

Steve Burch, Virgin Media chief executive, is to leave the company with immediate effect, citing family and personal reasons. Neil Berkett, Virgin Media’s chief operating officer is to take on the chief executive responsibilities for the time being, with the company saying that it intends to start a search for a replacement shortly. Burch, who… Continue reading Steve Burch Steps Down As Virgin Media CEO

A new report from OPera Media says that the global economy remains on track for continued strong expansion in 2007 and 2008, with the UK economy expected to continue growing on, or near, its 2.5% long run trend in 2007 and 2008. Overall, says OPera, the UK economic picture is positive, with a stable labour… Continue reading Global Economy Remains On Track For Continued Expansion

A new forecast from OPera Media predicts that continued strong increases from the online search and classified sectors will see UK total advertising spend increase by 3.3% this year, adding that the television, press and radio markets will continue to lose share of advertising spend in 2007. OPera also says that television revenues will remain… Continue reading UK Adspend To Increase By 3.3% In 2007

The latest IPA ‘Trends in Television’ report for Q2 2007 shows the first year on year increase in average daily viewing levels for some time, now standing at 3.46 hours, up from 3.43 hours for the same period last year. The non-terrestrial channels continue to grow in terms of penetration, patronage and share of viewing,… Continue reading Q2 2007 TV Viewing Stabilising

Richard Huntingford, ex-Chrysalis radio chief executive, has been appointed as non-executive chairman of Virgin Radio. Huntingford joined Chrysalis in 1987 and announced his departure in June following the group’s sale of its radio division. The SMG owned Virgin Radio also announced that Rosemary Thorne is joining as senior independent director, whilst David Palmer has already… Continue reading Richard Huntingford Named Virgin Radio Chairman

UK online retail reached an all-time high in July, exceeding £4 billion for the first time, according to retail body the IMRG. UK sales were up 80% year on year, to £4.2 billion, £1.86 billion higher than in July 2006. Electricals was the strongest growing sector, up by 102% year-on-year, with clothing, footwear and accessories… Continue reading UK Online Retail Reaches All-Time High

It’s back and apparently bigger and better than ever; ITV1’s X Factor certainly drew in the punters, with Saturday night’s opening episode drawing in an impressive 7.9 million adults, up from six million for the start of last year’s competition.The programme, which featured the usual mix of hopefuls and hopeless wannabes striving to become the… Continue reading X Factor Back With A Bang

The number of internet users now stands at nearly 30.2 million, according to figures released by BMRB for the second quarter of 2007.As internet usage broke the 30 million mark for the first time, growth of 9.2% could be observed over the same period last year.The total number of people going online is now over… Continue reading Online Usage Round-Up Q2 2007: Internet Usage Breaks 30 Million Mark

Last week saw WPP report a 5.3% increase in like-for-like revenues for the six months to the end of June, boosted by acquisitions in China and India and faster growth in the US.The company posted a pre-tax profit of £338 million, a 6.9% rise on the same period last year. Its reported revenue rose 2%… Continue reading Media In The City: WPP Reports 5.3% Revenue Increase