Telewest saw shares fall yesterday after speculation that the company was involved in merger talks with NTL. Stock dropped 6.07% to finish at 73˝p, a loss of 4žp on the previous day.Reed, which announced a pre-tax profits rise in its interim results yesterday (see Reed Shares Rally On Results), saw shares climb 5.82% to close… Continue reading Sharewatch
Radio First, the digital radio broadcasting company, is to launch its first two digital radio stations in August.The first live broadcast of Big Blue, Chelsea football club’s digital radio station and The Saint, a station dedicated to Southampton FC will be on the 19 and 25 August respectively. The launch dates will coincide with the… Continue reading Radio First Launches Digital Stations
David Dimbleby has emerged as a candidate for the role of BBC chairman, according to press speculation.A number of broadsheet newspapers reported this morning that the veteran broadcaster has been shortlisted as a candidate to take over from Sir Christopher Bland when he leaves the BBC to take up a new post at BT next… Continue reading Dimbleby Tipped For BBC Chair
Carlton has announced that it is to close the Taste Network, its joint TV and internet food and drink venture with Sainsbury’s.The multimedia venture, launched in January (see Carlton Unveils Taste Network), brought together Carlton and Sainsbury’s food internet sites with the Carlton Food Network television channel.From 1 September Carlton will resume control of its… Continue reading Carlton To Close Taste Network
Yesterday saw some of the recent enthusiasm leave media stocks, with slumps of 3% or more occurring at companies including Cordiant, Reuters and Reed International.The good news for commercial radio in the recent RAJAR figures (see Newsline) continued to boost radio owners Capital, Chrysalis and Emap. Capital rose 5p to £7.75, Chrysalis ended up 1½p… Continue reading Sharewatch
Search engine, MSN.com, was home to the four most visited banner ads throughout June. The most visited advert on the site was exposed to 2,871,000 individual at home internet users over the course of the month and achieved 20.6% digital reach of the total at home UK internet audience. Amazon.co.uk and Debtbusterloans were the only… Continue reading New Media Round-Up
Anglo-Dutch publishing group, Reed Elsevier, has this morning posted interim pre-tax profits up 13% at £410 million, notably above the consensus expectations.Reed says that the first half results are encouraging and reflect strong performances in Science & Medical, Legal and Education, partly offset by the impact of the economic slowdown on Business to Business. Reed’s… Continue reading Reed Shares Rally On Results
The Interactive Advertising Bureau (IAB) is to launch a set of auditing standards to accelerate the pace of adoption for website auditing.The auditing standards guidelines will explain the role, function, background and terms used in auditing and will be available to media owners and the advertising community via the IAB website.All major traffic auditing companies… Continue reading IAB Pushes For Web Audit
Adshel Scotland has secured a ten year contract to provide bus shelters and poster sites for Edinburgh’s largest shopping centre.The company has been awarded the advertising rights for 16 ‘metropolis’ bus shelters, the first to be built in the UK, and 20 six-sheet poster sites. Installation will begin in September and six of the shelters… Continue reading Ten Year Deal For Adshel
Richard Desmond, owner of the Express newspaper group, has hired Richard Park, former Capital Radio executive.Park left Capital, where he was programme director, in March last year after 13 years with the group. He oversaw the launch of Capital Gold and is credited with playing a key role in Capital’s expansion throughout Britain.Park will act… Continue reading Desmond Hires Radio Executive
