Patricia Hodgson, chief executive of the ITC, has set out what she feels should be the three key priorities for a “lean and mean” new communications regulatory framework.In a keynote speech at last week’s European Media Forum seminar, Hodgson said that the priorities for regulation should be investment friendly regulation, competition and a new settlement… Continue reading ITC Chief Outlines Regulation Priorities
WPP announced this morning that it was pressing ahead with its 555p-a-share offer for media buying group Tempus after declaring that the 90% acceptance level had been passed.WPP has now declared the offer unconditional and extended it to 3pm on October 15. However, in its statement, the company reiterated the ‘no material adverse change’ clause… Continue reading WPP Goes Ahead With Tempus Bid
Adshel has been awarded an £8m, 15 year contract to install 1,000 bus shelters in Hertfordshire.Adshel will supply and maintain the shelters, which will each be equipped with seats, lighting and displays carrying “real time” passenger information.Adshel managing director, Julie France, said: “This is a very significant win for us, with 7,00 out of the… Continue reading Adshel Secures £8m Contract
Sky News is to provide thirty commercial radio stations across the UK with news bulletins after signing deals with The Wireless Group and Chrysalis Radio.The deals will see Sky provide a bespoke news bulletin service to stations owned by The Wireless Group and Chrysalis Radio, including TalkSPORT and the Heart FM and Galaxy stations.Radio First… Continue reading Sky Signs Radio News Deals
Havas Advertising, the French network which recently dropped out of the bidding for Tempus (see Havas Will Not Renew Tempus Offer), this morning released results which fell below expectations. The company also issued a profits warning on its full year results saying that its operating profit margin was likely to fall to between 10 and… Continue reading Havas Reveals Disappointing Interim Results And Warns On Full Year Profits
Jazz FM has reported its first full-year profit this morning of £134,000, up from last year’s loss of £489,000. However, the group warned that due to the recent attacks on the US and prevailing uncertain market conditions, the outlook for the coming year is very difficult to forecast. Turnover at the station rose by 57%… Continue reading Jazz FM Moves Into First Full-Year Profit
WPP announced this morning that it was pressing ahead with its 555p-a-share offer for media buying group Tempus (see Tempus Confirms WPP Offer) after declaring that the 90% acceptance level had been passed. WPP has now declared the offer unconditional and extended it to 3pm on October 15. However, in its statement, the company reiterated… Continue reading WPP Goes Ahead With Tempus Bid
Jack Myers Reports today quotes UK ITV advertising revenue forecasts from Merrill Lynch, which estimate that revenues will be down by 14.6% this year and come in flat the following year. The 14.6% decline for the full year matches MediaTel’s agency estimate collations for the calendar year to July, which show a 14.5% fall on… Continue reading Merrill Lynch Forecasts Show ITV Revenue Down 15% In 2001
TiVo is launching a £3m marketing campaign to drive sales of its personal video recorder (PVR), which will be sold at a reduced price in the run up to Christmas.The campaign aims to raise awareness of the lifestyle benefits of the TiVo PVR system and will include print, cinema and online advertising. Ads appeared in… Continue reading TiVo Launches £3m Ad Campaign
The deadline for shareholders in Tempus to accept the £437 million takeover bid by WPP is set for 3:00pm today. It is expected that the 90% acceptance level required to seal the deal will be easily achieved, although there is still some speculation that WPP may attempt to pull out of the deal even if… Continue reading Deadline Approaches For Tempus Shareholders’ WPP Decision
