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As expected, Chrysalis Radio has this morning announced the acquisition of London News Radio (LNR) from rival GWR Group for £23.5 million (see Chrysalis To Swap Galaxy 101 For London News Radio). The acquisition of LNR, which operates the LBC and NewsDirect stations, will strengthen Chrysalis’ position in the key London market, increasing the group’s… Continue reading Chrysalis Takes GWR’s LNR And Sells Galaxy 101

Airtime revenues at GWR Group are forecast to be flat for the six months to 30 September, slightly behind the trading at Capital Radio, which saw a rise of 2% over the same period (see Capital Radio Sees 2% Revenue Decline, Tarrant Stays). In a trading statement today, GWR says that UK like for like… Continue reading GWR Revenues Stay Flat In First Half

The troubled media giant, Vivendi Universal has vowed to look to the future as it bids to reduce the huge debts built up by former chief executive, Jean-Marie Messier. Current boss Jean-René Fourtou has committed the company to an asset disposal programme that is designed to raise E12 billion over the next eighteen months. He… Continue reading Vivendi Unveils Asset Disposal Plans

Chrysalis Radio is in advanced discussions to take control of LBC’s owner, London News Radio, from GWR Group, the group has confirmed this afternoon. No figure was cited in Chrysalis’ statement, but press reports speculate that the group will pay in the region of £25 million for LNR. However, the acquisition would be part of… Continue reading Chrysalis To Swap Galaxy 101 For London News Radio

Radio content and programme producer UBC Media Group this morning said that its revenues are expected to be up by 20% year on year for the six months to 30 September 2002. Growth has been particularly strong at Classic Gold Digital, with revenues up 58% to around £2.2 million. UBC acquired the Classic Gold business… Continue reading UBC Figures Show Positive Radio Revenue Growth

Media Stocks experienced another poor day of trading on Tuesday as traders signalled there is little sign of any light at the end of the tunnel, as fears surrounding war with Iraq and an increasingly gloomy corporate outlook weighed.Granada extended losses after hedge fund Fidelity Investments announced it no longer had a substantial interest in… Continue reading Sharewatch

Media Stocks experienced another poor day of trading on Tuesday as traders signalled there is little sign of any light at the end of the tunnel, as fears surrounding war with Iraq and an increasingly gloomy corporate outlook weighed.Granada extended losses after hedge fund Fidelity Investments announced it no longer had a substantial interest in… Continue reading Sharewatch

It’s certainly no secret that the ongoing advertising downturn is forcing brand owners to experiment with less traditional types of media, and much has been written about the growth of niche markets at the expense of the fragmenting TV industry. However, until now, the increasing popularity of one fledgling sector – supermarket media – has… Continue reading Feature: It Pays For Brands To Shop Around

Interactive ad agency OMDtvi is set to launch its second campaign for make-up brand Rimmel following the success of the first campaign, which Sky claimed was the most successful in its history (see Interactive Ad Scores On Sky).The interactive activity, for Rimmel’s new Double Act foundation, will be based on sampling to build a database… Continue reading OMDtvi Gets Interactive With New Rimmel Campaign

The ASA has upheld complaints against a poster ad for Robinsons soft drinks, which depicted young children drinking Robinsons juices under water.The poster, which appeared in sports and leisure centres throughout the country, carried the slogan “new thinking new drinking”.A member of the public objected to the advert on the grounds that it was irresponsible,… Continue reading ASA Upholds Complaint Against Robinsons