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News Corporation has announced that it has sold its shareholding in Japanese satellite broadcaster Sky Perfect Communications in a deal worth $227 million. The media giant said that its 8.1% stake in Sky Perfect had been sold to the company’s exisiting shareholders, namely Sony, Fuji Television and trading house Itochu. The divestment follows the disposal… Continue reading Murdoch Walks Away From Japanese TV Scene

Chrysalis was seen in focus yesterday, up 6.1% after analysts at UBS Warburg reiterated profit forecasts for the group, while Bridgewell Securities suggested a sum of the parts valuation of 230p for the group.Elsewhere, regional press group Johnston Press was seen up 2.01% after reporting a significant half year increase in revenue and profit.Broader market… Continue reading Sharewatch: Chrysalis Rises On Strong Valuation

The US advertising market grew by almost 7% in the first half of 2003, confirming industry views that a recovery is in the offing. Fifteen of the sixteen media categories examined by TNS Media Intelligence/CMR experienced gains with cable television recording the largest percentage increase. The latest results show that advertising expenditure in the six… Continue reading US Advertising Spend Rises 6.8% In First Half

Ad agencies Ogilvy & Mather and OgilvyOne have unveiled a new brand motivation programme, which will use dance-based training to increase creativity.The project is part of the Arts & Business New Partners programme, which is designed to help businesses try something new with the arts and improve employee interaction.Ogilvy believes the study of dance movement… Continue reading Ogilvy Employs Dance To Lift Creative Spirit

Commercial radio saw adspend increase by 3.3% year on year to £144 million during the second quarter of 2003, as advertisers continued to flock to more cost-effective forms of marketing, according to the latest figures from the Radio Advertising Bureau (RAB). This sixth consecutive quarter of growth has been driven by FMCG brands, which have… Continue reading FMCG Brands Drive Growth In Commercial Radio Revenue

Capital Radio has appointed former Starcom group account director, Gavin Miller, as its new head of commercial marketing, filling the position vacated by Linda Grant when she took control of national advertising sales in May.Miller, who takes up the position on 16 September, will assume responsibility for all marketing, communications, research and creative development for… Continue reading Capital Appoints New Head Of Commercial Marketing

The cost of digital TV set-top box equipment could fall as low as €36 (£27) by 2007, as fierce competition in the supplier market continues to drive down prices, according to a new report from Strategy Analytics.Demand for digital terrestrial TV (DTT) services is starting to look much stronger in Europe, with the UK’s Freeview… Continue reading DTV Equipment Costs To Fall Below £30 By 2007

ITV1 is to update its on-air look with a unified re-branding process designed to coincide with its new autumn programming season (see MGEITF 2003: Pickard Outlines Plans To Revitalise ITV).The new branding will see the creation of over 60 new versions of the existing idents that feature a range of ITV1’s biggest stars. The initiative… Continue reading ITV1 Re-Vamps On Air Look To Coincide With New Schedule

More than 1.68 billion person to person text messages were sent across the four UK GSM networks in July 2003, up from 1.3 billion in the same period the previous year, according to the latest figures from the Mobile Data Association (MDA).July’s figure takes the total number of text messages sent so far during 2003… Continue reading Reality TV Helps To Boost July’s Text Message Total

Mobile operators are in a good position to boost their revenues by offering users compelling mobile phone content, according to a new report by Ovum. The consulting company predicts that by the end of 2005, operators will make more money from content than all other players put together.Also On MediaTel Insight Today…TV Merger Likely To… Continue reading MediaTelINSIGHT:Wireless Operators To Reap Content Revenue Benefits