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The new managing director of Telewest has admitted that the indebted cable group will have to undergo financial restructuring to guarantee its future performance. Charles Burdick who has taken the helm following the removal of former chief executive, Adam Singer (see Telewest Chief Executive Removed In ‘Boardroom Coup’), said “We’re moving down the steps to… Continue reading Telewest Moving Closer To Debt Swap Agreement

Clear Channel’s acquisition of Score Outdoor from Scottish Radio Holdings has been approved by the Office Of Fair Trading allowing the creation of a third national force in the billboard advertising market.American-owned Clear Channel plans to merge Score Outdoor with its own poster contractor, More O’Ferrall and the new combined company will launch a series… Continue reading OFT Approves Clear Channel’s Acquisition Of Score Outdoor

The challenging advertising market continues, according to the first half financial results statement from United Business Media (UBM) released this morning. The group’s chief executive, Clive Hollick, said that there has been “no let-up in the difficult market conditions”. Accordingly, pre-tax profit fell by 43.2% to £40.7 million for the six months to 30 June… Continue reading Continuing Tough Market Hits UBM Profits

Following yesterday’s release of RAJAR data for the three-month period ending June 2002, figures from Nielsen Media Research show that national speech-based sports radio station, TalkSPORT saw revenue increase by over £1 million period on period during the second quarter of this year, despite seeing its weekly reach decline by 1% during the same three-month… Continue reading RAJAR Follow-Up Report – Revenue At Selected National Commercial Radio Stations

UK television revenues are set to hit £3.1 billion this year, representing a 3.1% growth over 2001, according to forecasts from buying agency Carat. Growth is expected to rise to 4.7% in 2003, with longer term forecasts currently predicting 4.0% growth each year thereafter until 2007. By this time UK TV revenue will total around… Continue reading Long-Term UK TV Revenue Forecasts From Carat

Emap’s young women’s title More! is to relaunch with a new look from 7 August. A multi-million pound marketing campaign will promote the fortnightly title’s new editorial content, which will include Snoop!, a 20-page celebrity section.The marketing campaign will include a TV treatment, breaking on 8 August. Visually, the title has been given a “fresher,… Continue reading Emap To Invest In Marketing Revamped More!

ITV revenues are set to show positive growth for the rest of the year, bar a predicted dip in December, according to the latest forecasts from media buying agency Carat. July is expected turn in a growth of 3.7%, whilst August jumps up to 6.3% higher than the same month in 2002. Growth is then… Continue reading ITV Revenues Look Positive For Remainder Of 2002, Say Carat TV Forecasts

The challenging advertising market continues, according to the first half financial results statement from United Business Media (UBM) released this morning. The group’s chief executive, Clive Hollick, said that there has been “no let-up in the difficult market conditions”.Accordingly, pre-tax profit fell by 43.2% to £40.7 million for the six months to 30 June 2002.… Continue reading Continuing Tough Market Hits UBM Profits

National speech-based sports radio station, TEAMtalk 252, is to close after less than five months on air.The station, which launched in February to rival Wireless Group-owned TalkSPORT and BBC Radio Five Live, was bought by UKBetting in May for around £14m (see UKBetting To Acquire TEAMtalk For £13.7m). The online bookmaker has decided to close… Continue reading TEAMtalk 252 To Close After Less Than Five Months

Megaposter has launched a new research division called MegaImpact to improve accountability in the giant poster sector.The first results from the MegaImpact omnibus (see NewsLine Column: Are Giant Banners Worth Their Weight?), which tracks the recall effects of outdoor media, shows that fashion brands using giant banners achieve an average 66% recall amongst 18 to… Continue reading Megaposter Launches New Research Division