Commercial radio groups have warmly welcomed the Government’s decision to allow greater consolidation within the industry, through the further liberalisation of the radio ownership regulations.The move to allow minimum of 2 radio operators, as well as the BBC, to operate in a specific local area was announced yesterday by Culture Secretary, Tessa Jowell (see Government… Continue reading Radio Groups Beam At Prospect Of Further Consolidation
Merger talks between Europe’s largest publisher, Axel Springer, and Switzerland’s largest publishing group, Ringier (see Axel Springer Stake Up For Sale), are understood to have collapsed. According to the Financial Times, the stumbling block was Michael Ringier’s reluctance to relinquish control of his family-owned business to the German rival. The stake in Axel Springer that… Continue reading Axel Springer/Ringier Merger Talks Break Down
NTL, the debt-laden UK cable operator, had a mixed message for investors when it issued its third quarter figures yesterday. Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled £182 million in the three months to September 30, up 44% on the same period last year. However revenues fell to £617 million from £627 million… Continue reading NTL Earnings Rise As Cost Cutting Continues
The media sector was seen mixed on Thursday as investors considered negative news from Capital Radio, a poorly received acquisition from HSBC and further cuts in the investment banking sector.Capital Radio was seen under pressure after a poor set of results and a 10% job cut across the group (see Capital Radio Shares Plummet As… Continue reading Sharewatch
Commercial radio groups have warmly welcomed the Government’s decision to allow greater consolidation within the industry through the further liberalisation of the radio ownership regulations. The move to allow a minimum of two radio operators (in addition to the BBC) to operate in a specific local area was announced yesterday by culture secretary, Tessa Jowell.… Continue reading UK Radio Industry Given Further Deregulation
NTL, the debt-laden UK cable operator, had a mixed message for investors when it issued its third quarter figures yesterday.Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled £182 million in the three months to September 30, up 44% on the same period last year. However revenues fell to £617 million from £627 million in… Continue reading NTL Earnings Rise As Cost Cutting Continues
US media giant, Viacom, is expecting to surpass its earnings estimates for 2003, thanks to a recovery in advertising levels, according to a report on Brand Republic today. The article quotes Viacom’s chief executive, Sumner Redstone, as saying that the current indications bode well for advertising in 2003 and that he believes the market has… Continue reading Viacom Chief Sees Advertising Recovery In 2003
The Digital Radio Development Bureau (DRDB) is launching an advertising campaign to promote DAB digital radio and increase receiver sales.The five week-long campaign, which launches next week across all regional and national commercial stations, features pop bands, Liberty X, Atomic Kitten and Big Brovaz, in a series of 60-second documentary-style interviews.The executions have been designed… Continue reading DRDB Unveils Digital Radio Promotion
A new survey has revealed that 93% of US internet users have made a purchase online although privacy and security concerns mean that less than 40% are regular web shoppers. The study by market researchers at Ipsos-Reid showed that attitudes to e-commerce are changing with 64% of respondents claiming that they are now more likely… Continue reading Most Net Users Have Shopped Online, Says Survey
Emap has appointed Carmel Hayes to the role of development director across its women and youth portfolio and has announced that Sarra Manning is to take the role of associate editor across the division.Hayes, who was new media director, will continue to direct Emap’s online operations, including www.newwoman.co.uk, and is in the process of developing… Continue reading Emap Shakes-Up Women and Youth Titles
