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Transport for London will not be awarding a contract for a free afternoon paper because bids were not large enough, according to reports in the trade press.The contract would have seen one of the free afternoon newspapers distributed across the London underground network.Afternoon freesheets London Lite and thelondonpaper are currently distributed outside underground stations in… Continue reading TfL Cancels Afternoon Free Newspaper Contract

The X Factor will remain with ITV for another three years at least, after the programme’s creator, Simon Cowell, signed an estimated £20 million deal with the broadcaster.The high-rating show will stay with ITV until 2009, with the broadcaster presumably hoping that the programme will continue to prove popular with viewers. The deal was announced… Continue reading ITV Keeps The X Factor Until 2009

Titan Worldwide has won the outdoor contract for New York’s bus and rail network, worth $823 million (£419 million).New York’s bus and rail transport network is the largest in North America and carries 1 billion passengers each year.Titan, who won the business from CBS Outdoor, will begin running the business in January for a period… Continue reading Titan Worldwide Wins New York Transport Contract

Tiscali, the Italian internet company, has denied that it has sounded out potential buyers for its UK division. A Tiscali spokeswoman said: “Tiscali UK is not for sale, and the story has no foundation at all. We are focused on pursuing the long-term strategy to build the UK and Italian sides of the business that… Continue reading Tiscali Denies UK Sale Rumours

BSkyB is to acquire online sports information and gaming firm 365 Media Group in a deal worth £96 million. 365 Media owns sports and gambling sites including TEAMtalk.com, SportingLife.com, Football365.com and Golf365.com. Sky says that the acquisition of 365 Media enhances its existing online strategy, adding to its portfolio of online assets and increasing its… Continue reading Sky To Buy Online Betting Firm

IPTV subscriber numbers doubled during the 12 months to June 30 2006, according to new research from Point Topic. Point Topic says that the total number of people worldwide paying for TV services supplied via Internet Protocol (IP) increased from just under 1.5 million to almost 3 million. Europe is the most important region for… Continue reading IPTV Subscriber Numbers Double

Total US advertising spending in 2007 will grow only 3.7%, according to a new forecast from Jack Myers Media Business Report. Traditional media are projected to gain only 1.3% in ad revenues as newspapers, broadcast network television and local television all experience declines. Broadcast network television revenues are expected to decline 3.0% in 2007, impacted… Continue reading US Adspend Forecast To Increase 3.7% In 2007

United Business Media has released a trading update for the second half of 2006 revealing that its overall trading performance is in line with expectations. PR Newswire and CMP Asia continue to perform strongly while trading at CMP Information and CMP Technology has been mixed. Since 1 July, United Business Media has made nine acquisitions… Continue reading UBM H2 Trading In Line With Expectations

US Advertising spending for the first three quarters of 2006 rose 5.1% over the same period last year, due to ad spending increases across many major media, according to new research from Nielsen Monitor-Plus, the advertising intelligence service of Nielsen Media Research. Advertising spending increased in most reported media, led by the internet (49.2%), Spanish… Continue reading US Ad Spend Rose 5.1% Year On Year

Channel 4 could launch a music channel on Freeview, according to Rod Henwood, the broadcaster’s new business director.In an interview in the Times Henwood said that Channel 4 is aiming to launch a new channel to fill the Freeview slot left vacant by the sell-off of quiz channel Quiz Call in November.Although Henwood said that… Continue reading Channel 4 Could Launch Freeview Music Channel