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Future Network, the international magazine group, has acquired the US’ second best-selling guitar magazine, Guitar One, from Cherry Lane Magazines for £1.5 million in cash. This is Future’s second acquisition of a US guitar magazine business this year; in September the company bought Guitar World and related titles for £10 million (see Future Network Profits… Continue reading Future Buys Second US Guitar Magazine Group

The Trade Union Congress (TUC) has called on shareholders to vote against the election of James Murdoch as a non-executive director of satellite broadcaster BSkyB. The TUC says that James Murdoch cannot be seen to be a sufficiently independent director of a company of which his father, Rupert Murdoch, is chairman. The move is the… Continue reading Murdoch Faces Pressure From TUC Over Son’s Appointment

DMGT was seen buoyed by positive market sentiment, up 1.48% as positive economic data encouraged traders.Elsewhere outdoor advertising group, JCDecaux, reported a 2.7% fall in the third quarter profits, as conditions in Europe remained weak. However, the company is seeing some signs of an advertising recovery in the US. This is in line with first… Continue reading DMGT Rises On Positive Sentiment

Conditions in the US advertising markets are starting to look ‘a little brighter’, according to Initiative Media’s CEO, Alec Gerster. In a conference call with Merrill Lynch analysts, Gerster said that although the ‘tone’ of the ad market is improving, it remains uneven and there does not appear to be a swell in demand prior… Continue reading US Ad Market Looks A Little Brighter, Says Initiative Chief

The Trade Union Congress (TUC) has called on shareholders to vote against the election of James Murdoch as a non-executive director of BSkyB.The TUC has claimed that Mr Murdoch cannot be seen to be a sufficiently independent director of a company of which his father, Rupert Murdoch, is chairman.The move is the latest in a… Continue reading BSkyB Faces Pressure From The TUC

Contrary to received wisdom, advertising revenues are becoming a less significant factor in the financial performance of global advertising and media agencies, according to analysts at Morgan Stanley. In an industry overview report, the broker advises investors that agencies have become decoupled from the advertising revenue cycle. This is a result of changes in the… Continue reading Agencies Decoupled From Ad Revenue Cycle, Says Morgan Stanley

Free digital TV and radio service Freeview has celebrated its first year of sales by revealing that between 1.7 and 2.1 million households now receive the service.Since January this year sales of Freeview boxes have been running at an average of 100,000 boxes per month, making it among the fastest-growing consumer electronics product ever.The success… Continue reading Freeview Celebrates 1st Birthday With Record Sales

The mobile games market will be worth â‚Ź1.65 billion in 2006, up from just â‚Ź0.46 billion in 2003, according to a new study from the Wireless World Forum (W2F). The forecast is at the conservative end of the range of recent figures from other groups, which have predicted revenues as high as â‚Ź38.1 billion over… Continue reading W2F Produces Conservative Mobile Gaming Forecasts

The Internet Advertising Bureau (IAB) has joined forces with the European Interactive Advertising Association (EIAA) to launch the first standardised European online ad formats.The new standard sizes are designed to increase the efficiency of planning and executing online ad campaigns across Europe.In order to encourage consistency and transparency the IAB and the EIAA have agreed… Continue reading IAB Unveils Standardised Ad Formats

Free digital television and radio service, Freeview, has celebrated its first year of sales by revealing that between 1.7 and 2.1 million households now receive the service. Since January this year sales of Freeview boxes have been running at an average of 100,000 per month, placing it amongst the fastest-growing consumer electronics product ever. The… Continue reading Freeview Celebrates First Birthday With Record Sales