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Shareholders in advertising giant WPP have forced the company to make an abrupt U-turn on a proposed bonus scheme for executives worth up to £112m over five years.The scheme would have netted chief executive Sir Martin Sorrell around £44 million, although shareholders have become increasingly vocal in their opposition to the plans, forcing the company… Continue reading WPP Shareholders Block Executive Bonus Scheme

New research from Nielsen NetRatings indicates that internet giant Yahoo! will gain almost five million extra visitors per month with the acquisition of price comparison site Kelkoo.The deal to purchase Kelkoo was announced by Yahoo! last month and will cost the internet giant £318 million (see Yahoo! Acquires Shopping Site Kelkoo For £318 million).The impact… Continue reading Yahoo Set For Massive Boost With Kelkoo Deal

The MediaTel Group Sports Quiz is over half way through and the current leader has a opened up a 12 point gap at the top of the leader board – www.MediaTelGroup.co.uk/sportsquizWith 14 questions completed in this years’ Sports Quiz in aid of Whizz-Kidz, Tim Sandars of IPC Media is leading with 87 points. The latest… Continue reading MediaTel Group Sports Quiz Update

Results announced yesterday by Kelvin MacKenzie’s Wireless Group fueled a 2.24% hike in share price, settling at 114p. The company’s adjusted operating profits reached £2.3 million in the twelve months to December 2003, up by £4.6 million on the previous year when losses were £2.3 million (see TWG Turns Around In 2003 To Reach £2.3… Continue reading Sharewatch: Wireless Group Results Fuel Price Rise

Outspoken chairman of the Wireless Group, Kelvin MacKenzie, has fired the latest salvo in his battle against radio ratings authority RAJAR with a stinging attack on its chairman branding him “totally unfit to be in his current position”.MacKenzie’s statement was issued after the RAJAR chairman, Lord Gordon of Strathblane, claimed that results of research undertaken… Continue reading MacKenzie Brands RAJAR Chairman “Totally Unfit”

Capital Radio revenues are expected to increase by 3% year on year according to its first half trading statement issued today. This is in line with the group’s expectations.Trading for the first six months, ending March 2004, shows revenues up by 2% for Q1 2004 and up by 5% for October to December 2003, when… Continue reading Capital Radio Revenues Nudge Up 3% In First Half

The Commercial Radio Companies Association has become the latest organisation to call for independent regulation of the BBC under the review of its charter, due to take place in 2006.The organisation claim that regulation would create a “more equitable regulatory balance between the publicly funded broadcaster and commercial broadcasters” and would create useful distance between… Continue reading CRCA Joins Calls For Independent BBC Regulation

ITV has announced leading hand-care brand Atrixo as the sponsor of its latest daytime series Building The Dream, building on the hand cream’s slogan of “Hand care for hands-on people”.The programme will give 12 couples the opportunity to build their dream home from scratch and represents Atrixo’s first foray into broadcast sponsorship.The deal, worth £650,000,… Continue reading ITV Secures Hands On Sponsor For New Series

BSkyB has secured an exclusive cross-platform deal with telecoms provider T-Mobile to become the sponsor of its coverage of the forthcoming UEFA 2004 European football championship.The deal will see a range of T-Mobile branding appear on Sky Sports News, Sky News and skysports.com throughout the football tournament, which takes place in Portugal from 12 June… Continue reading BSkyB Secures T-Mobile To Sponsor Euro 2004 Coverage

Ofcom chief executive Stephen Carter has called on the Government to confirm a date for analogue TV switch off and warned of problems caused by increasing uncertainty and confusion among viewers.Speaking at a seminar held by the Westminster Media Forum the regulator chief said that a report from Ofcom on digital switchover was submitted to… Continue reading Ofcom Chief Calls For Confirmed Digital Switchover Date