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Chancellor of the Exchequer, Gordon Brown, stood up at 12:34pm to reveal his tax and spending plans for the next year. Key points of the 2006 Budget are as follows…Inflation is at 2%, down from 2.5% last quarter. This is on target.Inflation target met every year since 1997, targets expected to be met going forward.Economic… Continue reading Budget 2006 Coverage – The Chancellor’s Speech Live

ITV has confirmed today’s rumoured approach by a consortium of investors, but rejected the move, claiming that it would not be in the interests of shareholders.The approach, made by Apax Partners, The Blackstone Group and Goldman Sachs’ Principal Investment Area was first revealed by the Telegraph. The newspaper speculated that former BBC director general Greg… Continue reading ITV Confirms But Rejects Takeover Approach

Reports this morning claim commercial giant ITV has received an approach from a consortium of investors willing to pump £1.5 billion into the firm, effectively gaining control of the broadcaster.A report in today’s Telegraph claims the approach by Goldman Sachs Capital Partners and Apax Partners would see ITV “gear itself up,” returning around three quarters… Continue reading Rumours Fly Over Fresh ITV Takeover Approach

BT has revealed that its national next generation TV service will be called BT Vision, with the world first service launching in the Autumn.BT Vision combines digital TV with on-demand film, TV and music programming, as well as interactive services, with customers able to choose from a wide range of services, as well as a… Continue reading BT Unveils Next Generation TV Service

ITV secured a ratings victory over BBC One last night, despite the Corporation screening Man City’s failed attempt to tackle West Ham in the FA cup quarter final.The BBC notched up 5.4 million adult viewers on average with its football coverage, while ITV’s Coronation Street double bill saw 10.1 million and 8.7 million respectively, sandwiching… Continue reading ITV Scores Victory Over Football

The BBC will face its first public value test (PVT) with the launch of MyBBCPlayer, its online streaming and catch-up service, with Ofcom and the new BBC Trust examining its effects on the wider broadcasting industry.The PVT is required by the BBC’s new charter, and is intended to guard against overtly commercial competition and ensure… Continue reading BBC Faces First Public Value Test For Online Streaming

Media Planning Group has announced the appointment of Ian Rotherham as its new head of international, replacing outgoing Andrew Norris, who moves to the company’s Sydney offices.Having previously held positions as sales & planning director at MTV Networks Europe and international group director at Initiative Media, Rotherham will take up his new position on 1… Continue reading MPG Appoints Rotherham New International Head

ITV enjoyed a strong turnout for the live final of Stars In Their Eyes Kids, with the first half of the two part show attracting an average adult audience of 4.6 million, rising to 5.1 million for the second half results show.The broadcaster kept a solid audience throughout the night, with an average adult audience… Continue reading Stars In Their Eyes Kids Final Draws Crowds

Advertising expenditure in the UK saw a year on year increase of 2.1% in 2005, reaching £15,973 million, according to the Advertising Associations’ (AA) latest Quarterly Survey of Advertising Expenditure.The figures, complied and researched by the World Advertising Research Centre (WARC), cover all media and reveal that the internet enjoyed the largest growth in 2005,… Continue reading UK Adspend Up By 2.1% In 2005

Emap is considering the future of its Slimming and Health Plus titles, with the consumer health magazines expected to hear their fate tomorrow, after a brief consultation period.Both publications have suffered a down turn in circulation over the past years, with Slimming suffering a year on year drop of 47.2% in the latest set of… Continue reading Emap Considers Offloading Health Magazines