Last week, SMG confirmed that it is selling its outdoor advertising division, Primesight, to private equity firm GMT Communications Partners for up to £62 million.SMG added that its television and cinema advertising divisions and Virgin Radio continue to trade in line with the board’s expectations for the current financial year (Full Story).Emap released a statement… Continue reading Media In The City: SMG Confirms Primesight Sale
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SMG is believed to be delaying the floatation of Virgin Radio following the departure of chief executive Paul Jackson to GCap Media. Richard Huntingford, Virgin’s new chairman, said that an initial public offer could not go ahead without a chief executive. SMG hopes to raise around £85 million from the initial public offering, to reduce… Continue reading SMG Could Delay Virgin Radio Floatation
Total advertising expenditures at US newspaper companies were $11.3 billion for the second quarter of 2007, an 8.6% decrease from the same period a year earlier, according to new figures from the Newspaper Advertising Association (NAA). Spending for print ads in newspapers totaled $10.5 billion, down 10.2% versus the same period a year earlier. Advertising… Continue reading US Newspaper Adspend Declines
August saw the release of a new forecast from OPera Media which predicted that a continuation of strong increases in online search and classifieds will see UK adspend increase by 3.3% this year. OPera added that it expects television revenues to remain static year on year, whilst newspaper circulations will continue to drop in 2007… Continue reading INSIGHTanalysis: Media Healthcheck – August 2007
SMG is selling Primesight, its outdoor advertising division, for up to £62 million to a private equity firm. In a statement released today, SMG said that the GMT Communications Partners deal represents a clear uplift on previous offers. Rob Woodward, chief executive of SMG, said: “This is a good price for the business and clearly… Continue reading SMG Confirms Primesight Sale
A new report estimates that 84% of the US population, including consumer, business and double users, will have mobile phones by the end of 2007, with this percentage surging past 100% by 2013. The study from SNL Kagan shows that US cell phone subscriptions will grow at a rate of about 3% per year over… Continue reading 84% Of US Population To Have Mobile Phones By End Of 2007
The enthralling Robbie Coltrane: B-Road Britain was winner in the 9pm slot last night, as the amiable Scot carried on his 400-mile road trip from London to Glasgow in a bid to rediscover Britain’s forgotten backwaters.The show had a peak audience of 4.8 million adult viewers ( a 23.9% share of the audience) and an… Continue reading B-Road Britain Bags The Viewers
Paul Jackson, chief executive of Virgin Radio, is to join GCap Media as managing director of Capital 95.8.As managing director of Capital 95.8, he will have responsibility for leading the growth strategy for the station overseeing programming, marketing, new media and commercial opportunities. He will report to GCap’s London MD, Fru Hazlitt.Hazlitt said: “The MD… Continue reading Jackson Leaves Virgin For Capital
The relaunch of the Sun website next month will see the title attempt to move into the local advertising market.The move comes as part of a wide-ranging customisable service on its website, said a report on MediaGuardian.co.uk.The report says that the MyStreet feature will see News International, the Sun’s parent company, compete directly against Trinity… Continue reading Sun Website To Move Into Local Advertising
The Sun is to cut its price from 35p to 20p in London and the south-east from Monday, in a move aimed at keeping the title’s sales above three million copies a day.However, circulation revenue is likely to be badly affected, with London and the south-east accounting for about 20% of the Sun‘s sales, said… Continue reading The Sun Gets South-East Price Cut
