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Radio group Chrysalis has said its 2005 financial year has had an ‘encouraging start’, as first quarter revenues are expected to reach high single digits.Chrysalis, owner of London’s Heart 106.2 station, said in a trading update that revenues for the 12 months to 31 August 2004 have met expectations, growing 20% year-on-year to £67 million.Although… Continue reading Chrysalis Sees An Encouraging Start To Financial Year

Almost half of all 18 to 34 year-olds living and working in major European cities now read a daily free-sheet newspaper every week, according to new research commissioned by Swedish-based publisher, Metro International.The wide-ranging study into the reading habits of young people living in some of the world’s biggest cities shows that more than a… Continue reading Free-Sheets Read By Half Of All Young Metropolitans

Radio group, Chrysalis, has said its 2005 financial year has had an ‘encouraging start’, as first quarter revenues are expected to reach high single digits. Chrysalis, owner of London’s Heart 106.2 station, said in a trading update, revenues for the 12 months to 31 August 2004 have met expectations, growing 20% year-on-year to £67 million.… Continue reading Chrysalis Sees An ‘Encouraging Start’ To 2005

ITV has been given the all clear to go ahead with its proposed £31 million acquisition of the majority stake in GMTV, despite wide-spread concern from the advertising industry. The Institute of Practitioners in Advertising had been calling for the Office of Fair Trading to refer the acquisition of Scottish Media Group’s 25% stake in… Continue reading ITV Gets Go Ahead For £31 Million GMTV Acquisition

Commercial broadcaster, ITV, has this morning agreed to sell its 5.5% stake in French multimedia group, Thomson SA, to Citigroup Global Markets and UBS Limited, as part of its £600 million programme to sell-off non-core assets. The 15.5 million shares held in Thomson, which were believed to be the jewel in ITV’s crown, originated from… Continue reading ITV’s Sell-Off Continues With Stake In Thomson

WPP Group is continuing its expansion strategy, with J Walter Thompson purchasing a 30% stake in Chinese advertising and marketing group, Newsun Insight. Newsun, which generates revenue of $1.95 million last year, was founded in 2002 and currently employs 115 people. Clients of the Guangzhou based group include TCL computers, Li Bai detergent and Star… Continue reading WPP Buys 30% Stake In Chinese Ad Group Newsun

Emap’s teen title Bliss has been rapped by Advertising Standards Authority following a complaint by rival National Magazine Company over the value of its covermounts and authenticity of the celebrities shown to be endorsing them.The complaint centred around three issues of Bliss, each offering various free gifts for readers valued at a certain price. Natmags… Continue reading Emap Under Fire From Natmags Over Teen Covermounts

Radio and magazine giant Emap saw a rise yesterday, with share price rising by a respectable 1.65% to 801p. Yesterday also saw the company appoint Adrian Serle as the new managing director of its regional Kerrang! radio station in Birmingham.The role will see serle charged with increasing the radio station’s revenue as Emap seeks to… Continue reading Sharewatch: Emap Sees Share Price Climb Higher

Regional newspaper publisher Archant has had its £62 million acquisition of 27 weekly titles in the London area, including the Islington Gazette and the Kensington Times, cleared by the Competition Commission.The deal was given the go-ahead after the Competition Commission concluded that it would not lead to a substantial lessening of competition in the market… Continue reading Archant Merger Cleared By Competition Watchdog

Sky One has secured Nivea for Men as the exclusive broadcast sponsor of its new live entertainment and music show, Tim Lovejoy and the Allstars, in a move that marks the brand’s first foray into television sponsorship.The six-figure deal, which was negotiated by Carat, comprises full on-air and online branding, including sponsorship of a dedicated… Continue reading Sky One Secures Sponsor For New Entertainment Show