Interactive entertainment company Two Way TV has received £12m investment from Swedish group SMI Media. The deal will see SMI become a significant shareholder in the group with two of its directors sitting on the board.Two Way TV launched in 1992 developing systems to allow viewers to compete with their favourite TV gameshows. The Two… Continue reading Two Way TV Gets £12m Investment Boost
Carlton Communications and Granada have today confirmed plans to change the structure of ITV, including a radical overhaul of the jointly-owned digital terrestrial broadcaster, ONdigital. Stuart Prebble will become chief executive of the Network, which will now operate three main businesses – ITV channels, ITV Digital and ITV.com. ITV Digital is the rebranded name for… Continue reading Granada And Carlton Bring ONdigital Under ITV Brand
Global advertising and communications group Omnicom has posted strong financial results, with a particularly good first quarter coming from the US. Across Europe the performance was more mixed. In Europe overall organic growth was 12.6%, with the lowest regional growth coming from the UK at 5%. Germany saw 10%, France 10% and the Netherlands 15%.… Continue reading Omnicom Shows Strong US Growth In Q1 Results
Press reports claim that Vivendi Universal has agreed to merge its loss-making Italian pay-television division, Telepiù, with Stream – a rival broadcaster owned by News Corporation and Telecom Italia. The Financial Times reports that the merged business will retain the Telepiù name and will be owned two thirds by Vivendi’s Canal Plus one third by… Continue reading Italy’s Telepi
The government has proposed boosting the strength of the digital TV signal in order to improve quality and encourage adoption of the technology before the proposed analogue switch-off date of 2010. Culture secretary Chris Smith and Trade & Industry secretary Stephen Byers have this week written to senior controllers of the terrestrial broadcasters seeking their… Continue reading Power Increase For Digital TV Signal Planned
News and information group Reuters has this morning posted a strong set of financial results that show first quarter revenues rising 17% to £970 million. However, chief executive Peter Job warned that growth in the second quarter would be at a “slightly lower rate”.The group says that good performances at its Reuters Financial and Instinet… Continue reading Reuters Stock Falls On Slower Q2 Warning
Marketing spend is on the increase despite forecasts of a recession within the industry, according to the latest Bellwether Report. Twice as many companies raised their marketing spend than cut them in the first quarter of this year.The report, which is published by the IPA and tracks actual client spending intentions within the economy, reveals… Continue reading Marketing Spend On The Rise, Says Bellwether Report
GWR is to set up a new consumer group to monitor the performance of its flagship station Classic FM. Following the lead of commercial television companies as they move towards self-regulation, the radio group has announced that it too will publish annual performance plans.Speaking at the Radio Academy’s Radio and the City seminar this morning,… Continue reading GWR Sets Up Consumer Group For Classic FM
Reuters is due to release first quarter results today, which are expected to show an increase in revenues. However, yesterday it was the worst performer amongst media shares, falling 54p or over 5% to end at £9.75.As more news of the proposed ONdigital revamp emerged (see ONdigital To Announce Revamp, Prebble To Head Up ITV),… Continue reading Sharewatch
A number of recent press reports suggest that the deadline for bids on the troubled EMAP USA business may be this week. So far, Hachette Filipacchi, Primedia and American Media have all been put in the frame as potential suitors of the business. EMAP confirmed that it has received a number of approaches for the… Continue reading EMAP USA Bids Expected Soon
