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Chancellor of the Exchequer, Gordon Brown, stood up at 12:34pm to reveal his tax and spending plans for the next year. Key points of the 2006 Budget are as follows…Inflation is at 2%, down from 2.5% last quarter. This is on target.Inflation target met every year since 1997, targets expected to be met going forward.Economic… Continue reading Budget 2006 Coverage – The Chancellor’s Speech Live

ITV has confirmed today’s rumoured approach by a consortium of investors, but rejected the move, claiming that it would not be in the interests of shareholders.The approach, made by Apax Partners, The Blackstone Group and Goldman Sachs’ Principal Investment Area was first revealed by the Telegraph. The newspaper speculated that former BBC director general Greg… Continue reading ITV Confirms But Rejects Takeover Approach

Reports this morning claim commercial giant ITV has received an approach from a consortium of investors willing to pump £1.5 billion into the firm, effectively gaining control of the broadcaster.A report in today’s Telegraph claims the approach by Goldman Sachs Capital Partners and Apax Partners would see ITV “gear itself up,” returning around three quarters… Continue reading Rumours Fly Over Fresh ITV Takeover Approach

BT has revealed that its national next generation TV service will be called BT Vision, with the world first service launching in the Autumn.BT Vision combines digital TV with on-demand film, TV and music programming, as well as interactive services, with customers able to choose from a wide range of services, as well as a… Continue reading BT Unveils Next Generation TV Service

Formula 1 mogul Eddie Jordan is mentoring eight car criminals as part of a new Five series, with the programme seeing Jordan giving expert coaching in motoring and mechanical skills in a bid to keep them out of trouble.The five, hour-long, programmes will see the boys forced to confront the impact of their crimes. As… Continue reading Jordan Mentors Criminals In New Five Series

ITV secured a ratings victory over BBC One last night, despite the Corporation screening Man City’s failed attempt to tackle West Ham in the FA cup quarter final.The BBC notched up 5.4 million adult viewers on average with its football coverage, while ITV’s Coronation Street double bill saw 10.1 million and 8.7 million respectively, sandwiching… Continue reading ITV Scores Victory Over Football

Internet advertising is experiencing its second boom, with projected growth rates reaching startling proportions. Simon Andrews, founding partner of Big Picture Advertising, explains the changes that need to take place at agency level to capitalise on this online potential…I was fascinated by the MediaTel INSIGHT conference on the future of online the other week. There… Continue reading What’s holding digital back?

The BBC will face its first public value test (PVT) with the launch of MyBBCPlayer, its online streaming and catch-up service, with Ofcom and the new BBC Trust examining its effects on the wider broadcasting industry.The PVT is required by the BBC’s new charter, and is intended to guard against overtly commercial competition and ensure… Continue reading BBC Faces First Public Value Test For Online Streaming

Media Planning Group has announced the appointment of Ian Rotherham as its new head of international, replacing outgoing Andrew Norris, who moves to the company’s Sydney offices.Having previously held positions as sales & planning director at MTV Networks Europe and international group director at Initiative Media, Rotherham will take up his new position on 1… Continue reading MPG Appoints Rotherham New International Head

Titan Outdoor has restructured the management for Maiden Outdoor, promoting the current managing director, David Pugh to chief executive. Alison Reay, former UK commercial director for Yahoo! and Andy Moug, former Viacom Outdoor sales director, have been appointed as joint managing directors for Maiden. Philip Miles, Maiden’s national sales director, and regional sales director, Richard… Continue reading Titan Restructures Maiden’s Management