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Scottish Radio Holdings (SRH) this morning said that its radio revenues will be up by 5% in the six months to March 2003, not accounting for the effect of new acquisitions. SRH’s trading statement is the latest in a round of radio company updates and shows that the group is outperforming its peers. Capital Radio… Continue reading Scottish Radio Sees First Half Broadcast Revenues Up 5%

The sale of SMG’s publishing division to Gannett UK has been cleared by the Department of Trade and Industry (DTI) and is expected to complete shortly, the group said today. As announced at the end of last year (see Gannett Secures SMG Publishing Deal For £216m), US group Gannett will pay £216 million for SMG… Continue reading SMG’s £216m Publishing Sale Gets DTI Go-Ahead

UK radio revenues at GWR Group are expected to be down by 3.9% in the quarter to 31 March. This is partly because Easter falls after March this year and so does not provide the Q4 boost experienced in 2002 (this is GWR Group’s Q4). The company says that this is in line with its… Continue reading GWR Sees Radio Revenues Down By 3.9% In Q4

IPC Media has announced that Sylvia Auton, managing director of its Country & Leisure Media Group, is to replace Sly Bailey as chief executive. Auton will fill the position, which became available last November when Bailey shocked the media industry by stepping down to take up the chief executive position at Trinity Mirror (see Bailey… Continue reading IPC Appoints Auton As New Chief Executive

Outdoor advertising contractor, Maiden Group, has posted a pre-tax loss of £1.1 million for the year to 31 December 2002. This is an increase on the deficit of £0.2 million recorded in 2001. Releasing the results, Maiden’s chief executive, Ron Zeghibe, said that figures were in line with expectations and that they reflect the continued… Continue reading Maiden Losses Increase In Difficult 2002

Telewest Communications, the UK’s second largest cable group, today reported narrowing net losses for the year to December but writedowns pushed the company deeper into debt to the tune of $5.3 billion. Underlying earnings increased by 19% to £379 million in 2002 while turnover rose by 2% to £1.35 billion. The company embarked on a… Continue reading Telewest Results Hit By Writedowns

Capital Radio was seen in focus yesterday after predicting a 3% decline in radio revenues in the three months to March 2003, following a 6% drop in the final quarter of last year (see Capital Sees Revenues Down 5% In First Half). The stock was seen down 7.56%.Elsewhere, investors considered news from Independent News &… Continue reading Sharewatch: Capital Sees Stock Fall After Poor Results

Virgin Radio has secured its first ever radio sponsorship deal with Castrol, as part of its ‘Access All Areas’ initiative.The deal, which runs until November, will include break bumpers during the station’s traffic and travel updates, as well as sponsorship of its world rally bulletins. In addition to this Castrol will sponsor weekend promotions during… Continue reading Virgin Secures Castrol For Radio Sponsorship Deal

Perhaps one of the only certainties in predicting how the war in Iraq will turn out is the fact that the conflict will be played out on the media stage in a way never witnessed before. The UK’s major terrestrial broadcasters have virtually cleared their schedules to make way for extended news coverage and special… Continue reading Feature: TV News Proves Its Worth In Times Of Crisis

Telewest Communications, the UK’s second largest cable group, today reported narrowing net losses for the year to December but writedowns pushed the company deeper into debt to the tune of $5.3 billion.Underlying earnings increased by 19% to £379 million in 2002 while turnover rose by 2% to £1.35 billion. The company embarked on a cost… Continue reading Telewest Results Hit By Writedowns