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ITV is to sell its 9.9% shareholding in Liverpool Football Club and Athletic Grounds at £5,000 a share. If the offer goes through it will result in cash proceeds of £17.4 million. Since the merger creating ITV plc (see ITV Merger Receives Final Green Light From Shareholders) in 2004, ITV has been carrying out a… Continue reading ITV To Sell Stake In Liverpool

More than half of communications industry executives believe that Internet Protocol Television (IPTV) can generate significant revenue within the first three years of service, according to findings of a survey by Accenture and the Economist Intelligence Unit. The survey of nearly 350 executives from telecommunications, broadcasting and media companies across 46 countries in the Americas,… Continue reading IPTV Could Generate Significant Revenue Within 3 Years

Newspaper circulation is growing and new newspapers are being launched at a remarkable rate, according to new data from the World Association of Newspapers (WAN). WAN says that even in North America and Europe, where negative assumptions about the industry are widespread, both circulation and the number of new titles have increased. Timothy Balding, CEO… Continue reading Global Newspaper Industry Shows Good Growth

Chrysalis, owner of Heart and Galaxy, could sell off its radio operations if it goes ahead with a strategic review.Chris Wright, the company’s founder and 26% majority shareholder, is coming round to a suggestion put forward by Schroder, the group’s second largest shareholder, that its radio business should be sold off, according to a report… Continue reading Chrysalis Could Sell Off Radio Operations

Dennis publishing has decided to change the name of its gambling magazine InsideEdge to InsidePoker.Launched in April 2004, and aimed predominantly at sports betters, InsideEdge was the first monthly betting magazine to have a national news stand distribution and the first to have an officially audited circulation figure.The magazine underwent a redesign in May 2005… Continue reading Dennis Renames Gambling Magazine

A report published today by the House of Lords European Union Committee criticises the EU Commission’s Audiovisual Media Services Directive for its attempt to introduce ‘burdensome and inappropriate’ regulation which it says could damage British industry.The EU’s proposals would see ‘television-like’ new media services come under the same European regulatory framework as traditional broadcasting.The European… Continue reading House Of Lords Criticises EU Media Directive

David Dimbleby is the latest name to rule himself out of the race to become the next chairman of the BBC following Michael Grade’s surprise departure for ITV last year.Last week it was revealed that another of the favourites to take on the role, Lord Puttnam, would also not be in the running as he… Continue reading Dimbleby Out Of BBC Chairman Race

The Times has relaunched its Times Online website with the aim of creating a “dynamic multimedia website centred on news plus views”.News International is spending £10 million on the new-look website, which includes an online TV show on London neighbourhoods.The site will also feature improved integration with the Times and the Sunday Times as well… Continue reading The Times Relaunches Website

Chrysalis has revealed that its radio division saw revenues grow 5% year on year in January, after suffering a 10% decline for the four months to December 31. In a trading update released today the group said that the decline in revenues felt over the last four months of 2006 was in line with the… Continue reading Chrysalis Revenues Increase In January

David Dimbleby is the latest figure to rule himself out of the race to be the next chairman of the BBC, revealing that he has decided against applying for the role for a third time. The Question Time presenter has been passed over for the post twice, first in favour of Gavyn Davies and then… Continue reading Dimbleby Out Of BBC Chairman Race