The online presence of the Telegraph is making 17 cost cutting redundancies as the advertising downturn continues to take its toll.The cuts will be made from editorial, production and technical departments leaving the telegraph.co.uk with 70 staff. Managing director of Hollinger Telegraph New Media, Hugo Drayton, explained that the job losses were part of wider… Continue reading Telegraph Online Cuts Jobs
German media group, Bertelsmann, may be interested in making a takeover bid for the UK’s Carlton Communications, according to a report in yesterday’s Observer newspaper. The article claims that the two companies have held ‘informal discussions’ recently, but that there are no ongoing negotiations. Bertelsmann is currently prevented from tying up with the ITV giant,… Continue reading Bertelsmann Looks At Carlton Merger, Says Report
Capital Radio, which already owns the leading radio station in London, Capital 95.8, has aquired a 19% stake in up and coming urban contemporary black music station Choice FM. The stake, in Choice’s owners Tainside Limited, cost Capital £3.3m, valuing the whole business at £16m. There is an option in the deal for Capital to… Continue reading Capital Expands London Portfolio
Virgin Radio’s breakfast show has broken the 2 million listener mark for the first time in over a year, proving that high-profile celebrity DJ, Chris Evans, was far from indispensable.Capital DJ Steve Penk took over the breakfast show after the controversial departure of Evans last June (see Virgin Terminates Evans’ Contract), and has attracted 300,000… Continue reading Virgin Radio Shows Signs Of Life After Evans
As predicted, WPP has launched an appeal against yesterday’s decision by the Takeover Panel concerning its desired withdrawal from the 555p-a-share offer it made for Tempus in August. The panel ruled that WPP was not permitted to invoke the Material Adverse Change clause in its initial offer for Tempus and that the £434 million takeover… Continue reading WPP Appeals Against Takeover Panel Decision
The RAJAR radio listening figures for the third quarter of this year were released yesterday, which showed overall listening hours and reach are up (see BBC Retains Lead In RAJAR Results). GWR, whose Classic FM reached its best figures, jumped 25½p to £2.11 as a result, while Capital rose over 4% to £7.02½ and Emap… Continue reading Sharewatch
The following tables show the best and worst performers, in terms of weekly reach and share of listening, of the local commercial stations broadcasting outside London.Among those gaining the largest increases period on period in terms of weekly reach was the Wireless Group’s Big AM, which managed a 77.8% increase taking it to 32,000. GWR’s… Continue reading September 2001 RAJAR – Local Commercial Stations
Subscribers can access the full version of this article, containing tables showing the best and worst performers, in terms of weekly reach and share of listening, of the local commercial stations broadcasting outside London, by clicking on the Radio reports list (left).Among those gaining the largest increases period on period in terms of weekly reach… Continue reading September 2001 RAJAR – Local Commercial Stations
SMG has today announced that its review of staffing levels will result in a maximum of 95 redundancies across its operations by the end of 2001. This represents around 5% of the media company’s total workforce.Of the 95 redundancies, 17 are management positions. Whilst a further 52 staff have volunteered for redundancy, SMG had to… Continue reading SMG Makes 95 Cost-Cutting Redundancies
Amazon.co.uk moved up from third in August to become the top online advertiser for September. The online retailer gained exposure among 7,156,000 at home internet users throughout the month and commanded a 47.6% digital reach. Ebay.co.uk climbed three places from eight last month, to occupy a strong mid-table position. The auction site was visited by… Continue reading New Media Round-Up
