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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

City stockbroker’s have added further fuel to the rumours surrounding the alleged consolidation between Capital Radio and GWR Group, after a meeting with the finance director of Capital, left the team convinced ‘the two companies are far into negotiations’. The media team at stockbroker Panmure Gordon caught up with Peter Harris on Wednesday and said… Continue reading Capital And GWR In Merger ‘Negotiations’

Speculation continued amongst traders yesterday concerning WPP‘s expected move to buy buy US rival Grey Group. The American firm yesterday lost its media planning account with Proctor & Gamble, one of the main attractions for a WPP bid.The P&G account was scooped by Aegis, which dipped by 0.30%. WPP too saw a decline of 1.25%… Continue reading Sharewatch: Doubt Over WPP Deal As Aegis Scoops P&G

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

In a new report, Point Topic estimates that spending from businesses on broadband value added services (BVAS) helped push the worldwide broadband market through the $50 billion barrier early this year. The report, Broadband Money-Makers Service, says that value-added services, which include both broadband applications and the platforms which enable the applications to work, have… Continue reading Extra Broadband Services Help Push Market to $50bn

PricewaterhouseCoopers (PWC) has predicted that faster broadband connection is set to fuel growth in the video games market, which is expected to generate a staggering $55.6 billion revenue by 2008. Gaming will see a 20.1% annual gain globally by 2008 thanks to fast broadband and wireless expansion over the next few years, which will act… Continue reading Broadband To Fuel Video Games Growth