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Commercial radio group GWR has announced the sale of its stake in Radio Investments (RIL) to a new company headed by former Jazz FM chief executive, Richard Wheatly, for a total of £10.6 million.The disposal of the 27.8% stake is due for completion later this month once Wheatly’s fledgling Local Radio Company has completed its… Continue reading GWR Off-Loads Radio Investments For £10.6 Million

Interactive Digital Sales and Mediacom have secured a deal that will see Swedish furniture giant IKEA fund a series of short interior design programmes due to be broadcast on UKTV.The series, entitled What you wish for, will consist of ten two-minute episodes airing on UKTV Style and UKTV Bright Ideas. Presented by an animated interior… Continue reading UKTV Secures Ikea To Launch Advertiser-Funded Series

WPP has seen off competition from rival advertising heavyweights Interpublic Group and Omnicom to secure the global media contract for HSBC, believed to be worth around $600 million.The deal is a result of a wide-ranging review by HSBC designed to consolidate its business with one marketing services organisation. WPP will now create a dedicated team… Continue reading WPP Beats Rivals To Win Global HSBC Media Account

Richard Desmond’s Northern & Shell has announced its first foray into retail with the launch of a home shopping channel intended to compete with the likes of QVC and Price Drop TV.The Express Shopping channel will launch on the Sky digital satellite platform later this year. It will be run as a joint venture with… Continue reading Desmond Announces Launch Of Home Shopping Channel

Emap Performance’s flagship dance music magazine, Mixmag, is to receive an extensive overhaul in time for its June issue, as part of a concerted effort to revive the title’s flagging circulation.The relaunch will see Mixmag receive a cleaner, more stylish image, a number of new sections and a series of revamped regular features. The move… Continue reading Emap Revamps Mixmag To Boost Flagging Circulation

A poor day’s trading across the board saw media stocks struggle yesterday with only one company closing on a high. Independent News & Media managed a slight 0.20% rise to close at 123˝p as London markets saw their worst day since the beginning of April.Meanwhile, ITV saw its share price dip by 4.97% to finish… Continue reading Sharewatch: Media Stocks Plummet As Market Falters

Last week the UK magazine industry’s annual conference threw up a number of key issues for advertisers. James Papworth, ad marketing manager at IPC Prospector, takes us through some of the highlights…In my time I’ve attended a fair number of trade conferences organised by industry bodies from every media imaginable. More often than not the… Continue reading NewsLine Column: A View From The Floor At The PPA

Media management consultancy Billetts has launched a new global research initiative designed to help advertisers measure the effectiveness of their marketing decisions on brands.The service, called Billets Connections, will be integrated with the company’s existing evaluation and consultancy services worldwide. It will be headed by Andrew Green, who joins from OMD New York, where he… Continue reading Billetts Launches Global Research Initiative

Virgin Radio chief executive, John Pearson, is calling on agencies, advertisers and media owners to work together to create a single-source planning and buying tool for all broadcast media.Pearson is proposing the creation of a Broadcast Futures Group that would bring the industry together to focus on a blueprint for the creation of a single,… Continue reading Virgin Chief Calls For Single Source Planning Tool

Former Jazz FM chief executive, Richard Wheatly, is returning to commercial radio at the helm of the Local Radio Company, which looks set to acquire Radio Investments later this week.The Local Radio Company is thought to be on the brink of announcing details of the acquisition, which will see it take control of the twenty-two… Continue reading Former Jazz FM Boss To Front Radio Investments Buy-Out