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Regional newspaper publisher, Johnston Press, has sold the Galloway Gazette and the Stornoway Gazette businesses to Scottish Radio Holdings (SRH) for an undisclosed sum, the group announced this morning. Johnston acquired the businesses as part of its acquisition of Regional Independent Media (RIM) earlier this year (see Johnston Press Acquires RIM Newspaper Business). The Galloway… Continue reading Johnston Press Sells Scottish RIM Papers

UK cable group NTL has been cleared by a US Bankruptcy Court to begin the financial and organisational restructure of the business, which previously sat on top of a £12 billion debt mountain (see NTL Revenues Fall Slightly As Recapitalisation Approaches). The company’s emergence from the US’ Chapter 11 bankruptcy protection will allow it to… Continue reading NTL Is Cleared For Reorganisation

Cordiant Communications is expected to name David Hearn, head of its Bates Worldwide unit, as group chief executive, replacing Michael Bungey, according to a report in the Wall Street Journal. It is expected that Bungey’s departure will be announced tomorrow, along with the group’s financial results (see Bungey Expected To Leave Cordiant Comms). Cordiant has… Continue reading Hearn Expected To Succeed Bungey At Cordiant

Telewest Communications’ planned disposal of its 16.9% stake in Glasgow-based media group, SMG, has been passed by shareholders at the cable company’s Extraordinary General Meeting. Cob Stenham, chairman of Telewest said: “Any disposal of our interest in SMG would form part of our efforts to address the Group’s funding position. We wish to preserve the… Continue reading Telewest Set For SMG Disposal, Denies More Redundancies

Research conducted by the Advertising Standards Authority has shown that portraying children in a sexual fashion is the strongest advertising taboo.In a list of the most sensitive advertising topics, ads featuring children were rated most risky, followed by those portraying violence and sexual degradation, which were also found to be potentially offensive.Christopher Graham, director general… Continue reading ASA Tells Advertisers To Beware Of Children

UK media stocks experienced another turbulent day of trading on Wednesday, after an erratic session on Wall Street.Specialist magazine group Future Publishing was in focus yesterday, seen up 6.9% after posting a strong set of first half results (see Future Network Moves Into The Black In First Half).Elsewhere, Carlton and Granada were seen under pressure… Continue reading Sharewatch

The IPA has launched a new annual award scheme to honour the best creative talent, judging them by their performance at other industry awards throughout the year.The new awards will be called the “Best Of The Best” and will be presented by one time advertising executive and veteran film director, Alan Parker.IPA president, Bruce Haines,… Continue reading IPA Launches New Award Scheme For Creatives

FHM has launched a campaign to find Britain’s 100 sexiest non-celebrity women in the same month that rival lad’s mag Loaded has chosen to feature a series of different covers.Emap’s market leading men’s lifestyle magazine will go head to head with IPC’s Loaded this month when it features a supplement dedicated to the nation’s top… Continue reading FHM Goes Head To Head With Loaded

The Broadcasting Standards commission has dismissed complaints against a TV advert for Microsoft’s X-Box, despite the ITC banning it from the airwaves.The advert featured a new born baby being shot through a window, the baby ages as he travels and ends up crashing into his own grave.The BSC felt the surreal treatment of ageing was… Continue reading BSC Dismisses X-box Complaint Upheld By ITC

Megaposter has secured the marketing rights for two premium giant advertising sites at the entrance to Heathrow Airport.The company has secured Xerox as the first advertiser to use both 112 square-metre sites, which are visible to all M4 and London bound traffic using terminals one, two and three. According to Megaposter, the sites will offer… Continue reading Megaposter Secures Giant Heathrow Win