Following protracted negotiations, Rupert Murdoch’s News Corporation has agreed to buy Telepiů, the loss-making Italian pay-TV operator, from Vivendi Universal for E920 million (£580 million).Speaking at a conference in New York yesterday, Murdoch said that Telepiů was “a world class property in an untapped market without cable competition.” News Corp will take an 80% stake… Continue reading News Corp Completes Telepiu Transaction
Four UK radio operators released trading figures last week, with revenues showing that conditions remain pretty tough, with no obvious, strong upturn visible at present.Capital Radio has announced that revenues were down 2% in the year to September, whilst the six month period showed a growth of 2%. Scottish Radio Holdings posted a 2% drop… Continue reading Feature: UK Radio Trading Figures Comparisons
ITV2 is launching a Blind Date spin-off show called Blind Date: Kiss and Tell, which will air on Sunday nights at 10pm.The new show, which will be presented by Sarah Cawood and Brendan Courtney, launches next weekend and will include behind the scenes gossip and video diaries filmed by the contestants.Commenting on the new show,… Continue reading ITV2 launches Blind Date Spin Off Show
Deutsche Bank will next week auction off a 40% stake in Axel Springer which publishes the prominent German newspapers, Bild and Die Welt. The bank has taken responsibility for the stake from Kirch Media which has been unable to repay loan debts after falling into bankruptcy earlier this year (see KirchMedia Files For Bankruptcy Signalling… Continue reading Axel Springer Stake Up For Sale
Emap has confirmed that Hachette Filipacchi is to keep hold of the glossy women’s monthly, Red after a £17 million deal was thrashed out between the two publishers. Emap insiders have suggested that the group was keen to maintain control of Red, and had increased its offer to Hachette several times in an attempt to… Continue reading Emap Sells Stake In Red Magazine
Following protracted negotiations, Rupert Murdoch’s News Corporation has agreed to buy Telepiù, the loss-making Italian pay-TV operator, from Vivendi Universal for E920 million (£580 million). Speaking at a conference in New York yesterday, Murdoch said that Telepiù was “a world class property in an untapped market without cable competition.” News Corp will take an 80%… Continue reading News Corp Completes Telepiu Transaction
UPC has filed for bankruptcy protection in the US and Netherlands ahead of a debt for equity swap designed to secure the future of Europe’s largest cable TV company. Financial restructuring is expected to result in UnitedGlobalCom, a subsidiary of Liberty Media, increasing its share of the company to 65.5%. UPC’s remaining bondholders will retain… Continue reading UPC Files For Bankruptcy
Telewest Communications, the struggling UK cable firm, has reached an agreement with bondholders to eradicate £3.5 billion of its £5.3 billion debt in return for 97% of the company’s shares. It has also deferred the repayment of £68 million of interest on bonds as it seeks further approval from investors. The debt for equity swap… Continue reading Telewest Agrees £3.5 Billion Debt Deal
Media Stocks experienced heavy losses on Monday, falling victim to the broader volatility as World markets plummeted.Corporate profit woes, weakness in the UK insurance sector and the continued threat of military action in Iraq weighed on sentiment. Wall Street experienced its worst quarterly performance since the stock market crash of 1987 and the FTSE 100… Continue reading Sharewatch
Despite the ongoing advertising downturn marketing professionals received a 4% average pay increase last year, according to the annual salary survey carried out by the Chartered Institute of Marketing (CIM).However, the gap between male and female marketing directors is widening, with women getting paid 12.9% less than their male counterparts, compared with a 10.4% gap… Continue reading Marketing Salaries Defy Advertising Downturn
