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The BBC has confirmed that Rupert Gavin, chief executive officer of the Corporation’s commercial Worldwide arm, has resigned from his role without reason and with immediate effect.The unexpected move by Gavin, profiled in today’s Times Business supplement, comes as the Corporation faces increasing pressure from rival companies to downsize its commercial operations.Commenting on the shock… Continue reading BBC Worldwide Chief Makes Shock Resignation

Publishing giant, Reed Elsevier, unveiled yesterday that it had acquired US data services group, Seisint in a deal worth $775 million (£417 million).Reed said that the groups legal and government information arm, LexisNexis, will wholly own Seisint and will fit very strongly with the LexisNexis risk management business and allow it to expand further.A statement… Continue reading Reed Acquires American Data Group Seisint

Dennis Publishing chief executive Alistair Ramsay has announced the closure of the company’s groundbreaking small format men’s magazine, Jack, due to poor sales and increased competition in the sector.The title, purchased by Dennis in June 2003 as part of its acquisition of I Feel Good Plc, had been increasing circulation, with over 39,000 readers according… Continue reading Dennis Closes Jack Following Disappointing Sales

ITV is planning to create new versions of several classic drama series in an effort to increase ratings and win back viewers.The broadcaster has confirmed its intention to create the new programmes, with Inspector Morse, Sharpe and Rumpole of the Bailey understood to be in the planning stages.A spokeswoman for ITV said: “They are very… Continue reading ITV To Rescue Ratings By Resurrecting Classics

The Office of Fair Trading has issued a statement to the London Stock Exchange stating that ITV’s proposed acquisition of Scottish Media Group’s 25% stake in GMTV may be referred to the Competition Commission for investigation.The statement invites feedback about any competition or public interest issues to be sent to the OFT by 29 July… Continue reading GMTV Purchase May Be Judged By Competition Commission

This morning, the Office of Fair Trading (OFT) issued a statement to the London Stock Exchange stating that ITV’s proposed acquisition of Scottish Media Group’s 25% stake in GMTV may be referred to the Competition Commission for investigation. The statement invites feedback about any competition or public interest issues to be sent to the OFT… Continue reading GMTV Acquisition May Be Referred To Competition Commission

Publishing giant, Reed Elsevier, unveiled yesterday that it had acquired US data services group, Seisint in a deal worth $775 million (£417 million). Reed said that the groups legal and government information arm, LexisNexis, will wholly own Seisint and will fit very strongly with the LexisNexis risk management business and allow it to expand further.… Continue reading Reed Acquires US Data Group Seisint

Following several recent turnarounds on the outlook of radio advertising revenue, Merrill Lynch has today announced that it has also revisited the US TV revenue forecast and now expects this to outperform all previous predictions to grow by 8.3% this year. The global analyst group said, several factors contributed to its boost in confidence, including… Continue reading US Political Spending Boosts The TV Outlook At Merrill

WPP was the talk of trading floors yesterday, dipping by 1.51% as rumours circulated that the advertising giant is preparing to buy US rival Grey Group.A purchase would bring the company into WPP’s portfolio and bring an end to one of the few remaining independent advertising agencies. Grey was put up for sale in June,… Continue reading Sharewatch: WPP Dips As Grey Purchase Speculation Mounts

Although the number of video-on-demand (VOD) users continues to rise, a new report from In-stat/MDR says, consumer interest remains lukewarm due to pricing and content concerns. A recent survey from the research group revealed that although 80% of US households were familiar with VOD services, the take-up rate was only 8%. In-stat said that this… Continue reading VOD Interest Lukewarm But Uptake To Soar By 2008