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ITV has completed the sale of Superhire Limited, its prop hire business in the continued sell-off of its non-core business elements.The sale of the business, together with the freehold property it occupies, was made for for a cash consideration of £8.2 million. ITV states that the funds generated by the sale will be used to… Continue reading ITV Continues Non-Core Business Sell-Off

Glasgow-based Scottish Media Group (SMG) has turned down a £100 million offer for Virgin Radio from private equity group, 3i, according to industry reports.The take-over bid started in December, but to no avail after SMG rejected the offer of Lord Alli, the media heavyweight spearheading 3i’s bid. Reports indicate that 3i has threatened to increase… Continue reading SMG Rejects 3i Offer For Virgin Radio

Glasgow-based Scottish Media Group (SMG) has turned down a £100 million offer for Virgin Radio from private equity group, 3i, according to industry reports. The take-over bid started in December, but to no avail after SMG rejected the offer of Lord Alli, the media heavyweight spearheading 3i’s bid. Reports indicate that 3i has threatened to… Continue reading SMG Rejects 3i Offer For Virgin

Commercial broadcaster, ITV, has announced the disposal of its prop hire business, Superhire Limited to Space Holdings Limited for a cash consideration of £8.2 million. The funds raised from the sale will be used to reduce ITV’s borrowings and represents a further stage in it’s disposal programme of non-core assets. ITV has now raised more… Continue reading ITV Sells Prop Hire Business

Channel 4 has this morning unveiled a restructuring of its commissioning structure, with new programming heads appointed to its digital channels, E4 and More4, and a new head of documentaries installed at flagship Channel 4.The management shake-up also paves the way for Channel 4 to boost the programming budget of E4 by a massive £20… Continue reading E4 Shake-Up Paves Way For £20 Million Budget Boost

Broadband customers using British Telecom to access the internet will see the speed of their connections increase dramatically this month, as the company plans to increase the amount of bandwidth available without increasing the cost to users.The internet giant announced the decision this morning, pledging to boost access speeds for its 1.4 million retail broadband… Continue reading BT Boosts Broadband Speeds At No Extra Cost

HIT Entertainment has formed a partnership with radio operator GWR to create a new digital radio service for the under-10s, providing entertainment for young listeners, as well as their parents and carers.HIT and GWR will each hold a 47.5% stake in the venture, called Children’s Radio UK Ltd (CRUK), while Susan Stranks, founder of London’s… Continue reading GWR Hopes For Hit With Children’s Digital Radio Offering

New technology allowing advertisers to target potential customers while they use their bank card in a cashpoint has the potential to deliver 2.8 million one-to-one advertising messages during each campaign, its creators say.The technology, dubbed ATM:ad, enables advertisers to run campaigns across building society and bank cashpoints, and has already been used by high profile… Continue reading Cashpoint Campaigns Pinpoint Captive Audiences

Independent News and Media’s flagship Northern Ireland newspaper, the Belfast Telegraph, has announced the creation of a new compact morning edition for the Saturday market, designed to compliment its existing afternoon titles.The newspaper claims its research has revealed a “great demand” to extend into the Saturday morning market. Belfast Telegraph editor, Edumnd Curran, stated: “People… Continue reading Belfast Telegraph Launches Weekend Compact Edition

Channel 4’s head of commercial marketing and research, Hugh Johnson, has announced that he will be leaving the channel in March, to pursue other work ventures.Johnson has worked for Channel 4 for 14 years, since joining in 1991, and has agreed with Andy Barnes, director of sales, to work for the Channel on a consultancy… Continue reading Hugh Johnson Leaves Channel 4