ITV’s chief executive, Stuart Prebble, has denied that ITV Digital is to close, after receiving assurance from shareholders, Carlton and Granada, that their investment in the loss making platform would continue.Announcing an increase in subscribers, Prebble sought to silence growing speculation that the platform is on the brink of collapse, saying: “Carlton and Granada have… Continue reading Prebble Denies ITV Digital Will Close
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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
With the latest RAJAR radio audience figures out today, one of the worst falls among media shares yesterday was talkSPORT owner Wireless Group, which ended down 10p at 47½p, a fall of over 17% compared to the previous day’s closing price. Emap also suffered a fall, although less severe, slipping 10p to £6.42, a decrease… Continue reading Sharewatch
Having seen a slight increase in share of listening in June’s period on period analysis, Commercial Radio dropped back again over the three months to September. Today’s RAJAR results show that Commercial Radio’s share of listening was 46.5%, a fall of 0.1 percentage points period on period. Meanwhile, All BBC grew 0.3 percentage points to… Continue reading BBC Retains Lead In RAJAR Results
ISBA has welcomed ITV’s decision to move The Premiership from its 7.30pm slot to a later time of 10.30pm (see ISBA criticised the sports highlights programme for failing to attract the anticipated audience levels in “an important prime-time slot for advertisers” and said that its members had expressed concern about the programme since its launch… Continue reading ISBA Welcomes The Premiership’s Relegation
Acquisitions play a large part in the fortunes – or otherwise – of WPP this year. First half revenues were up over 56%, largely due to the contribution made by last year’s big name acquisition Young & Rubicam, along with several other smaller companies acquired along the way, whilst all the talk at the moment… Continue reading WPP Warns Results May Suffer In ‘Very Difficult’ Year
The Takeover Panel has this morning ruled against WPP’s attempt to free itself from its 555p-a-share offer for Tempus Group. WPP had made a submission to the Takeover Panel in an attempt to invoke the Material Adverse Change clause in its initial offer citing the further deterioration of the ad market following the terrorist attacks… Continue reading Takeover Panel Rules Against WPP
The Radio Authority has issued London-based Premier Christian Radio a warning after broadcasting programmes that were deemed “intolerant” and “denigratory” to other religious faiths.The station was found to be in breach of the 1990 broadcasting act after a complainant objected to a number of broadcasts, claiming they were “abusive” to other religious beliefs, such as… Continue reading Christian Radio Warned Over Content
