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Yahoo! has turned down Microsoft’s $45 billion (£23 billion) takeover bid, saying that it substantially undervalues the company.However, a deal could still go ahead if Microsoft returns with an improved offer.In a statement released this afternoon, Yahoo! said: “After careful evaluation, the board believes that Microsoft’s proposal substantially undervalues Yahoo! including our global brand, large… Continue reading Yahoo! Turns Down Microsoft Takeover Bid

It was another big week for media news in the City, with reports that Google had approached Yahoo! about a possible link-up to fend off Microsoft’s advances.At the start of the week Google raised objections to Microsoft’s $44.6 billion bid for Yahoo!, saying that a takeover would create a business with an overwhelming share of… Continue reading Media In The City: Google Approaches Yahoo! About Possible Partnership

Arqiva operated DAB multiplex, Digital One, has announced that 90% of the population of Great Britain now live within its coverage area.Digital One’s chief executive, Quentin Howard, said: “With the switch on of the 133rd transmitter in Whitby this week we broke another record and commercial radio is leading the way in delivering DAB digital… Continue reading Digital One Multiplex Now Covers 90% Of Britain

Former Radio 1 and 6 Music chief, Ric Blaxill, has joined Bauer Radio as a launch consultant, as the group plans further expansion of its portfolio of digital radio services.Following the launch of the new Heat Radio last September and with work underway on the launch of Closer Radio, the group says it is now… Continue reading Bauer Hires Blaxill For Digital Radio Push

BBC director general Mark Thompson has said that a download version of the iPlayer for Apple Mac users is to launch this year.The iPlayer is currently available in two versions: a program allowing users to download shows to their Windows PC and a streaming version available to all users.Writing in a blog posting on the… Continue reading BBC To Launch iPlayer Download For Macs In 2008

Hard bitten cop Gene Hunt returned to our screens last night in the follow up series to time travelling period piece Life On Mars, catching villains in ’80s London in Ashes To Ashes.Hunt (Philip Glenister) has been joined by a new time-warped sidekick in the shape of Alex Drake (Keeley Hawes), stranded in 1981 after… Continue reading Ashes To Ashes Leaves Competition For Dust

December was a very good month for the terrestrial channels, with only ITV1 recording a marginal year on year decrease of revenue intake.Across the whole ITV1 network revenue decreased by 0.9% compared to December 2006, to stand at a total of £109.9 million. With the recent return of News At Ten and the revamped weekday… Continue reading TV Market Round-Up – December 2007

Reports in the trade press have suggested that GCap is planning to sell its majority stake in DAB multiplex Digital One.Recently appointed GCap chief executive Fru Hazlitt (see A Fresh Start For GCap With Hazlitt) is said be outlining her plans for the company to the City next Monday, where she is expected to detail… Continue reading GCap Could Sell Its Stake In Digital One

Daily Newspaper MarketBritain’s national daily newspapers suffered an almost 3% overall drop in circulation year on year for January, with nearly all titles recording a downturn, according to the latest ABC figures.The Financial Times was once again the only daily paper to bolster its circulation, reporting a 3% rise year on year for the month.The… Continue reading ABC National Newspaper Round-Up: January 2008

New owner Bauer Consumer Media has suspended NW and First Magazines from publication, ahead of next week’s consumer magazines ABC release.Bauer made the announcement in a statement from Marcus Rich, group managing director Bauer Advertising and Bauer London Lifestyle Magazines.The company said it would now enter into a month-long period of consultation with editorial staff.… Continue reading Bauer Suspends Publication Of NW And First