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ITV saw its share price slip to a seven-week low yesterday, as the mounting pressure from declining viewing share and analyst pessimism drove investors away from the company.Closing at 115½p, ITV’s price will be further impacted by Citigroup, a leading stockbroker, downgrading the broadcaster to its Sell roster.Citigroup’s decision is due mainly to ITV’s declining… Continue reading ITV Shares See Seven Week Low As Investors Lose Faith

Virgin Radio is to extend its digital portfolio next month with the launch of a new station, aimed at a youth audience and playing only the newest guitar-based music.Virgin Radio Xtreme aims to bring the “best bands and newest releases” to the nation through Sky, DAB digital radio and online at www.virginradioxtreme.co.uk.Explaining the launch, Paul… Continue reading Virgin To Launch Third Digital Station Next Month

Emap has signed former GMTV host Eamonn Holmes to front his own three-hour show on Magic 105.4 between 4pm and 7pm on Sunday evenings.The move will see Holmes bring his “easy Irish charm” to listeners across the UK, with his favourite tracks from a vast catalogue of new and old music available through FM in… Continue reading Emap Signs Holmes To Front Magic 105.4 Show

Annual consumer expenditure on magazines has topped the £2 billion mark for the first time, reaching £2.03 billion in 2004, increasing by £54 million compared to the same time last year, according to the Advertising Statistics Yearbook 2005.The report, published for the Advertising Association by the World Advertising Research Centre (WARC), claims that consumer expenditure… Continue reading Annual Consumer Magazine Spend Hits £2 Billion

Former Sun editor, Kelvin MacKenzie, has shown a surprise interest in publishing firm Highbury House, after increasing his stake in the company from nothing to 14.99% in just two days.The high-profile media boss is rumoured to be interested in the chief executive position at Highbury, after acquiring a 6.2% stake in the firm on Friday,… Continue reading MacKenzie Scoops Holdings Of Almost 15% In Highbury

Bulldog Broadband looks set to become the latest provider of video-on-demand services, with reports circulating that the company will launch its own attempt on the fledgling TV via IP market later this year.However, the company has refused to confirm its intentions, stating instead that it is simply reviewing its options for expansion.Bulldog, a subsidiary of… Continue reading Bulldog Set To Launch Video On-Demand

The UK’s leading local digital radio company, NOWdigital, has announced the launch of two new local radio stations, with “ourkindofmusic” launching in Essex and across Reading and Basingstoke.Both stations launch today, broadcasting on DAB Digital Radio, with the Essex station reaching over one million people in the local area and the Reading and Basingstoke one… Continue reading NOWdigital Launches Two New Radio Stations

Chrysalis Radio has announced the imminent rebranding of recently acquired 106 Century FM, bringing the former Capital Radio station under Chrysalis’ Heart brand.The move, planned for 26 August, will see 106 Century FM become Heart 106, following the station’s purchase from Capital Radio in the run up to its merger with GWR earlier this year… Continue reading Chrysalis Widens Heart Into East Midlands

Data specialist, Broadsystem, has been hired by The Times and Sunday Times to look after its subscription programme for the next three years.The new system will deal with all subscription acquisition, management and launch a subscription subscriber category, with the move part of a strategy to place subscriptions at the centre of the daily papers… Continue reading Times Employs Broadsystem For Subscription Programme

Media and communications group, Aegis, has bought out-of-home media planning and buying network, Alban Communications, with plans to incorporate it into its subsidiary company, Posterscope Worldwide, thus extending its out-of-home reach.The deal, worth £8 million, sees Alban bring an impressive list of clients to Aegis, including Unilever, Masterfoods and Nestle.Commenting on the purchase, Robert Lerwill,… Continue reading Aegis Buys Out-Of-Home Media Network Alban