The predicted profits warning from Capital Radio was confirmed today as the group released its interim financial results, with the message that the advertising market has deteriorated further since its first warning in March (see Capital Shares Plummet As Trading Statement Warns Of Half Year Revenue Below Expectations).At that time Capital said that due to… Continue reading Capital Stock Recovers Despite Expected Profits Warning
The Radio Authority has published an Election Special of its Programming and Advertising Review for January to March 2001. It is designed to act as a guide to radio stations in maintaining balance and fairness under the increased pressure of election time.One of the most serious decisions made by the Radio Authority during the three… Continue reading Radio Authority Publishes Election Fairness Guidelines
Now Digital has been awarded the digital radio multiplex licence for Southend and Chelmsford. The award of the licence from the Radio Authority will allow the group to broadcast to up to 1.2 million people living in and around Southend and Chelmsford.Mark Lee, managing director of Essex FM said: “It’s a great opportunity for Essex… Continue reading Southend And Chelmsford Local Digital Radio Multiplex Awarded To Now Digital
Further evidence that the new media industry is still seeking a financially viable business model emerged this week as the president of Terra Lycos, one of the world’s largest internet companies, announced that in order to appease shareholders concerned at revenue slumps, the introduction of charges for its services could be on the cards.Terra Lycos… Continue reading Terra Lycos To Introduce Charges In Response To Revenue Falls
Worries that Capital, whose interim results are released today, would shortly issue another profits warning brought shares down yesterday, to end the day down 37½p at £6.90. Other radio shares are also suffering in the climate of uncertainty, with Scottish Radio, whose future merger with SMG looks unlikely now (see Scottish Radio Holdings Shelve Takeover… Continue reading Sharewatch
Reports this week suggest that the hard times are not yet over for ITV. Both Merrill Lynch and ABN AMRO have said that they are now expecting a decline of anything between 10 and 15% in revenue, as opposed to the initial estimate of flat growth for Q3.July was predicted as the month when ITV… Continue reading Further Revenue Declines Predicted For ITV, Broker Forecasts Downgraded
The Wireless Group has today denied press speculation that the company is to be sold due to funding difficulties. A spokesman dismissed the claims made in an article published in a national broadsheet as “speculation” adding, “The Wireless Group is not for sale and is doing well, as recent figures show.”The article in question stated… Continue reading Wireless Group Denies Claims That It Is Up For Sale
BSkyB has completed the acquisition of British Interactive Broadcasting Holdings (BIB), the company which owns and operates the Open interactive TV service. Sky has bought out BT’s stake in BIB, after the telecommunications company decided to exercise its option to exit the group, following Sky’s acquisition of HSBC and Matsushita’s holdings last week (see City… Continue reading BSkyB Completes Open Acquisition
Scottish Radio Holdings (SRH) this morning said that it has discontinued offer talks for the group, at least ‘for the time being’. The announcement comes as the group completes the Goldman Sachs-led strategic review which began in December last year. In recent months, the Board has been in discussions with a number of parties which… Continue reading Scottish Radio Ends Takeover Talks As SMG Declines To Reveal Its Intentions
The latest radio audience figures, for the three months to March 2001, showed BBC Radio notching ahead its lead over the commercial sector quarter on quarter. This is a continuation of a trend that began around a year ago when then BBC stations took their share over the 50% mark and commercial dropped back to… Continue reading Insight Analysis: BBC Radio Continues To Build Advantage
