Telewest Communications’ chief executive, Adam Singer, has been abruptly ousted from the cable operator’s Board following what the Financial Times describes as a ‘boardroom coup’. Singer was ‘forced’ to resign by non-executive directors at the company, according to reports.Taking the helm at the heavily indebted cable group is previous finance director, Charles Burdick, who will… Continue reading Telewest Chief Executive Removed In ‘Boardroom Coup’
Radio advertising revenue in the UK rose by 2.1% to £139 million in the second quarter of the year, according to new data released by the Radio Advertising Bureau (RAB). This is the second quarter of growth in a row for the radio industry, after Q1 2002 showed a 0.5% rise in advertising spend (see… Continue reading UK Radio Advertising Shows Second Successive Quarter Of Growth
ISBA has criticised the Joint Scrutiny Committee for advising the Government to rethink its decision to allow non-European investors to buy UK media companies.The Committee, chaired by Lord Puttnam, is urging the Government not to abolish the current media ownership regulations and is suggesting that the issue of foreign ownership should be dealt with by… Continue reading Joint Scrunity Committee Report Prompts Reaction
Radio advertising revenues rose by 23% in the three months to 31 July 2002 at Chrysalis Radio, following a 24% growth during March and April, the company announced in a statement this morning.These figures are considerably higher than second and third quarter forecasts from the Advertising Association (AA) and indicate that Chrysalis is currently outperforming… Continue reading Chrysalis Radio Ad Revenues Outperform Market
The UK’s predominant pay-TV company, BSkyB has declared its intention to build on its 6.1 million subscriber base and deliver services to every household in the country. Bouyed by yesterday’s announcement of a 20% increase in revenues for the last financial year (see BSkyB Results Beat Expectations With 6.1m Customers Now Signed), Tony Ball, chief… Continue reading BSkyB Sees No Limits In The Race For Subscribers
NRS figures for the first six months of 2002 show that during the period there has been little change in the number of people reading national newspapers, with overall readership growing just 0.1% or 74,000. However, within that total there have been winners and losers.GMG group emerged as the main winner in a year on… Continue reading NRS National Newspaper Round-Up – June 2002
The plight of media giant, AOL Time Warner has deepened with news that its accounting practices are to be investigated by the US Department of Justice. The announcement comes only a week after the Securites and Exchange Commission (SEC) launched a similar inquiry following allegations of malpractice at the AOL internet service (see AOL Time… Continue reading Justice Department To Launch AOL Probe
Full listings of performance by ownership for the major radio station owners is available to subscribers in Radio reports, click button on left.Subscribers can access the full version of this article in Radio reports, click button on left of screen.
Gunter Thielen, the new chief executive of Bertelsmann, has categorically denied that the group is under pressure to sell high profile media divisions such as Channel 5 and Gruner & Jahr magazines. While accepting that the company would exceed self-imposed debt limits for the year, Thielen claimed that Bertelsmann would reduce its arrears through consolidation… Continue reading Bertelsmann To Consolidate, Not Sell, Says Chief
The fledgling US wireless advertising market will undergo significant expansion in the next few years, according to a new report from Jupiter Research. Whereas European advertisers are predicted to spend $53 million on mobile campaigns in 2002, the North American market remains relatively underdeveloped. Indeed, it is only recently that US companies have had the… Continue reading US Mobile Advertising Ready To Boom
