Ofcom today announced plans to back the development of ultra high-speed internet access across Britain in a bid to open up competition and clear the way for future investment.The media regulator has unveiled a series of new measures to develop broadband that runs at speeds in excess of 40 megabits per second, which is more… Continue reading Ofcom encourages expansion of ultra high-speed broadband
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Ofcom has today published a consultation on a local commercial radio format change request, received from Liverpool’s 24-hour speech radio station City Talk 105.9.Bauer Radio, City Talk’s owner, has proposed all-speech content at peak times, which would include weekend breakfast, weekend late breakfast and drivetime, but wants to add a mix of music and speech… Continue reading Ofcom considers City Talk’s format change
Bauer Media’s men’s lifestyle magazine Arena is being “suspended” in a move which could see the loss of 12 jobs.A four-week staff consultation has begun, which could lead to redundancies in editorial and advertising. The April issue, out next Thursday, will be the last.The magazine, which launched in 1986, had a circulation of 29,374 according… Continue reading Bauer Media’s Arena to close after 22 years
ITV and Setanta are set to renegotiate the payment terms of their £425 million rights deals with the Football Association.Setanta is thought to of delayed making a payment of £10 million on its £150 million contract, while ITV has met its payments so far, but is attempting to reassess the schedule so that is has… Continue reading ITV and Setanta renegotiate football rights deal
Luke Johnson, chairman of Channel 4, has expressed confusion at a story in the Sunday Telegraph regarding merger talks between BT and Channel 4.Johnson told MediaWeek.co.uk: “I am not sure how the story came about, as we held a meeting with BT Vision more than a year ago.“The company might have submitted an interest in… Continue reading Johnson reacts to BT Vision/Channel 4 merger speculation
Clear Channel Outdoor’s worldwide revenue was flat year on year during 2008, although it fell 16% year on year in the fourth quarter. Revenue at Clear Channel’s international division was up by approximately $62.3 million in 2008, mainly brought about by movements in foreign exchange. There was, however, a slight revenue decline in the UK.… Continue reading Revenues flat at Clear Channel Outdoor
Havas has reported a rise in net income of 25% for 2008, to €104 million, with net debt down to €79 million. The group, whose operations include Euro RSCG, Havas Media and Arnold Worldwide, saw organic growth grow 4.7% while its operating margin was 12.1%, up from 8.2% in 2006. Havas said that its new… Continue reading Havas reports strong performance in 2008
A new US study has found that light PC internet users are 30% more likely than heavy PC internet users to use their mobile devices to access online content. The results of the comScore study show that, in total, 42 million people in the US used their mobile devices in October 2008 to access news… Continue reading Light PC internet users more likely to go online via mobile than heavy PC internet users
Pearson, owner of the Financial Times, has reported an increase in sales and operating profits for 2008. The company, which also owns Penguin books, saw its strongest profit growth at the FT Group, up 13%. Online showed impressive growth for the FT Group last year, with 67% of revenues coming from digital services, up from… Continue reading Pearson reports increase in sales and operating profits
Interpublic Group’s revenues fell 4.1% year on year in the three months to December. The group’s revenues dropped to $1.9 billion (£1.33 billion) in the fourth quarter. US operations saw a 1.9% decline in revenues while there was a 6.3% decline in international revenues. Michael Roth, Interpublic chairman and chief executive, said: “The latter part… Continue reading Interpublic’s revenues fall 4.1%
