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Following a less than impressive second quarter, analysts have revised their outlook for US radio advertising and growth in this sector is predicted to be less than originally envisaged. Radio revenues were flat during May (see US Radio Revenue Flat In May, Q3 Growth Predicted) and Merrill Lynch is sticking to its Q2 growth forecast… Continue reading US Radio Update From Merrill Lynch

Sunrise Radio’s bid to acquire Mean Country 1035 AM has been given preliminary approval by the Radio Authority, following the passing of the Government’s Communications Act last week (see Parliament Finally Green Lights Communications Act).Sunrise, which operates radio stations for Asian listeners in London and across the UK, is planning to takeover Mean Radio Holdings,… Continue reading Watchdog Shines On Sunrise Radio’s Mean Country Bid

Growth in the number of European mobile subscribers is set to slump over the next couple of years, forcing operators to take a new look at their markets, according to an assessment by Forrester Research. Forrester’s analysts predict that new customer growth will drop from 2000’s 60% rise to a mere 3% in 2005. In… Continue reading European Mobile Subscriber Growth To Slump, Says Forrester

Virgin Radio has promoted its sponsorship account manager, Louise Reeves, to the role of head of sponsorship.Reeves joined Virgin Radio three years ago and has a range of experience throughout the station’s sales department, including a stint as senior sales executive in new media and promotions.She said: “I look forward to making sure our sponsorships… Continue reading Virgin Radio Appoints New Head Of Sponsorship

Following a less than impressive second quarter, analysts have revised their outlook for US radio advertising and growth in this sector is predicted to be less than originally envisaged. Merrill Lynch has now cut its full-year 2003 growth forecast from 3.3% to 2.7%.Also On MediaTel Insight Today…UBM Reports Continued Hi-Tech Ad Decline In JuneThe hi-tech… Continue reading MediaTel Insight: US Radio Update From Merrill Lynch

Media giant, AOL Time Warner, today reported a 6% jump in revenues during its second quarter, boosted by strong performances from the film and cable divisions. The group’s revenues hit $10.8 billion for the quarter, whilst net profit jumped from last year’s $396 million to $1.1 billion this time. Chairman and CEO, Dick Parsons, described… Continue reading AOL TW Figures Improve, But Online Is Still Weak

WPP was seen under pressure yesterday, up 0.88% as it prepared for a showdown with investment fund Active Value over troubled advertising group Cordiant Communications, which is now delisted.Elsewhere, Reuters was seen under pressure, down 7.91% after delivering a poor set of results (see Reuters Moves Into Profit As Savings Plan Pays Dividends).The Guardian Media… Continue reading Sharewatch: WPP Rises As Cordiant Saga Nears End

The fate of Cordiant Communications has been all but sealed this afternoon, as shareholders voted overwhelmingly in favour of the proposed takeover of the group by WPP. At an extraordinary general meeting today, shareholders representing 99.2% of the company’s stock voted to proceed with WPP’s £266 million takeover bid (see WPP Closes In On Cordiant,… Continue reading WPP Triumphs In Cordiant Battle

Carat is merging its press and broadcast divisions to form a cross-media planning, buying and campaign evaluation unit, led by head of broadcast Mark Jarvis (pictured).The move will see television, press, radio, cinema and regional media combined into a new 120-strong division, which will carry out implementational planning and buying across the entire group.Carat’s head… Continue reading Carat Merges Press And TV To Form New Cross-Media Unit

After approving the takeover by WPP earlier today (see WPP Triumphs In Cordiant Battle), Cordiant Communications’ shareholders have also voted in favour of removing the company’s chief executive, finance director and chairman from its board of directors, according to a report from Reuters. Cordiant’s largest shareholder, Active Value, had called for the directors to be… Continue reading Directors Go In Cordiant Shareholder Vote