ITV put in a relatively lacklustre performance last month with revenue dipping by 6% year on year to just over £105 million as it struggled in the face of increasingly tough competition.The latest agency estimates compiled by MediaTel Group reveal a disappointing performance for the UK’s largest commercial broadcaster, which was hard hit by the… Continue reading TV Market Round-Up – August 2004
Radio group Chrysalis has said its 2005 financial year has had an ‘encouraging start’, as first quarter revenues are expected to reach high single digits.Chrysalis, owner of London’s Heart 106.2 station, said in a trading update that revenues for the 12 months to 31 August 2004 have met expectations, growing 20% year-on-year to £67 million.Although… Continue reading Chrysalis Sees An Encouraging Start To Financial Year
Commercial broadcaster, ITV, has this morning agreed to sell its 5.5% stake in French multimedia group, Thomson SA, to Citigroup Global Markets and UBS Limited, as part of its £600 million programme to sell-off non-core assets. The 15.5 million shares held in Thomson, which were believed to be the jewel in ITV’s crown, originated from… Continue reading ITV’s Sell-Off Continues With Stake In Thomson
Emap’s teen title Bliss has been rapped by Advertising Standards Authority following a complaint by rival National Magazine Company over the value of its covermounts and authenticity of the celebrities shown to be endorsing them.The complaint centred around three issues of Bliss, each offering various free gifts for readers valued at a certain price. Natmags… Continue reading Emap Under Fire From Natmags Over Teen Covermounts
WPP Group is continuing its expansion strategy, with J Walter Thompson purchasing a 30% stake in Chinese advertising and marketing group, Newsun Insight. Newsun, which generates revenue of $1.95 million last year, was founded in 2002 and currently employs 115 people. Clients of the Guangzhou based group include TCL computers, Li Bai detergent and Star… Continue reading WPP Buys 30% Stake In Chinese Ad Group Newsun
Radio and magazine giant Emap saw a rise yesterday, with share price rising by a respectable 1.65% to 801p. Yesterday also saw the company appoint Adrian Serle as the new managing director of its regional Kerrang! radio station in Birmingham.The role will see serle charged with increasing the radio station’s revenue as Emap seeks to… Continue reading Sharewatch: Emap Sees Share Price Climb Higher
Telephone companies are now having to make a tough choice between sticking with the communications business or going all-out with a big investment in the television market, according to a new report. The Business Case for Broadband Entertainment report from Analysys says, providers of broadband are weighing up the possibility of streaming television content over… Continue reading TV On Broadband May Prove To Be Risky
Regional newspaper publisher Archant has had its £62 million acquisition of 27 weekly titles in the London area, including the Islington Gazette and the Kensington Times, cleared by the Competition Commission.The deal was given the go-ahead after the Competition Commission concluded that it would not lead to a substantial lessening of competition in the market… Continue reading Archant Merger Cleared By Competition Watchdog
Sky One has secured Nivea for Men as the exclusive broadcast sponsor of its new live entertainment and music show, Tim Lovejoy and the Allstars, in a move that marks the brand’s first foray into television sponsorship.The six-figure deal, which was negotiated by Carat, comprises full on-air and online branding, including sponsorship of a dedicated… Continue reading Sky One Secures Sponsor For New Entertainment Show
The UK’s commercial radio stations have launched a robust defence of their public service credentials in the face of an ongoing investigation into the state of the industry being carried out by media super-regulator Ofcom.A wide-ranging survey has been carried out by the Commercial Radio Companies Association to gauge the amount of news, weather, travel… Continue reading Commercial Radio Defends Public Service Credentials
