Phil Riley, Chrysalis Radio’s chief executive, has resigned following the group’s acquisition by Global Radio.The £170 million disposal of music group Chrysalis’ radio division to Global Radio, a new company backed by Irish investors and chaired by former ITV chief executive, Charles Allen, was completed yesterday (see Chrysalis Radio To Sell For £170 Million).Riley was… Continue reading Riley Quits Chrysalis Following Global Sale
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BSkyB has bought Amstrad in a deal worth £125 million – 150 pence in cash per share – which should see Sir Alan Sugar collect £34.5 million. Sky said that the acquisition of Amstrad will provide the satellite broadcaster with an in-house design and development capability, which Sky believes will deliver significant operational and financial… Continue reading Sky Buys Amstrad For £125m
GCap Media could be considering purchasing Emap’s radio assets, following Emap’s announcement last week that it is reviewing its portfolio of assets. When Emap announced the review last week it said that “all options to maximise shareholder value will be examined, including a possible sale or demerger of some or all of its constituent businesses”… Continue reading GCap Could Buy Emap’s Radio Assets
Last week saw a flurry of financial activity as several companies released their results, with BSkyB and BT amongst them.BSkyB announced that its full year revenue increased by 10% to £4.5 million, with an annual operating profit of £815 million (Full Story), whilst BT’s first quarter results showed that its revenue was up 3% to… Continue reading Media In The City: BSkyB Announces Revenue Increase
Pearson, publisher of the Financial Times, has announced that FT group revenues were up 8% with profits up 28% in the first half. Pre-tax profits for the whole group rose from £14 million a year ago to £40 million. The FT reported a 12% rise in subscriptions and FT.com subscribers were also up 12%, to… Continue reading Pearson Profits Up
The latest edition of ZenithOptimedia’s UK Television Forecasts to 2012 predicts that the television ad market will stop shrinking this year, and start growing again – if at a modest 2% a year – in 2008. Television will however grow for only 1%-2% a year for the rest of the forecast period, and its market… Continue reading UK TV Ad Market To Grow
SDN, the ITV owned multiplex operator, has awarded a £500 million contract to design, build and run a new digital terrestrial TV (DTT) network to Arqiva.The contract has been awarded in preparation for the forthcoming digital switchover (see Whitehaven Gets Ready For Digital Switchover), with the replacement network having increased transmission power levels which means… Continue reading Arqiva Wins Contract To Run New DTT Network
Griff Rhys Jones’ new series, exploring the mountains of Great Britain, got off to a sizeable start on BBC One last night, gaining an average adult audience of more than 3.9 million.The popular personality pulled in an 18.6% viewing share for the channel as he explored the bleak and rugged beauty of the north west… Continue reading Mountain High For New BBC One Series
The Times‘ online offering recorded a 10.5% increase in visitors in June, overtaking the Sun‘s site to scoop second place behind Guardian Unlimited, according to figures from ABCe.Times Online attracted 9.64 million unique users, compared to 8.73 million in May, a gain of 917,000 visitors.Visitors to the Sun‘s website increased by 0.2% month on month… Continue reading Times Online Boosts Site Users
The latest edition of ZenithOptimedia’s UK Television Forecasts to 2012 predicts that the television ad market will stop shrinking this year, and start growing again – if at a modest 2% a year – in 2008.Television will however grow for only 1%-2% a year for the rest of the forecast period, and its market share… Continue reading UK TV Ad Market To Grow
