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The proposed £1 billion sale of the BBC’s commercial arm, BBC Worldwide, has generated a flurry of interest from commercial broadcasters, venture capital groups and investment banks.However, it is understood that some would-be buyers are being put off by confusion over the lucrative rights to successful BBC shows and products, such as The Office or… Continue reading Sale Of BBC Worldwide Raises Issues Over Rights

Sky Sports has signed an exclusive three-year deal to become the first UK broadcaster to screen live coverage of the new A1 Grand Prix motor racing series.The series launches next autumn and pits identical cars against each other in what is being billed as a true test of driving skill. The event is intended to… Continue reading Sky Sports Secures Exclusive Rights To New A1 Grand Prix

The Barclay brothers have poached Murdoch MacLennan, managing director of Associated Newspapers, to become chief executive of the Telegraph titles they acquired last month for £665 million.It is understood that the highly secretive twins have been talking to the 54 year-old newspaper veteran for some weeks and have now persuaded him to join the new… Continue reading Telegraph Raids Rival Associated For New Chief Executive

International consumer magazine group, Future Network, has today announced that it has acquired two UK games magazines from Dennis Publishing for £2.5 million.The purchase of PC Zone and Computer & Video Games from the US publishing house, also includes sister website, computerandvideogames.com.Managing director, Robert Price, said: “This acquisition is good news for Future because it… Continue reading Future Network Buys Games Mags For £2.5 Million

WPP is considering the possibility of a £500 million rights issue to purchase American advertising group, Grey Global.Chief executive of WPP, Sir Martin Sorrell, said last week, he is looking at Grey’s books but did not confirm whether he would be making a bid for the last independent advertising network.According to a report in the… Continue reading WPP Considering £500 Million Rights To Buy Grey

ITV has secured Richard Desmond’s OK! magazine as the exclusive broadcast sponsor of the Celebrity Awards 2004 – a new one off awards ceremony due to be screened on the channel later this year.According to ITV, the inaugural event will bring together the biggest UK stars from the worlds of television, music and sport to… Continue reading ITV Secures OK Magazine To Sponsor Celebrity Awards

WPP was seen in focus last week with shares rising by 3.61% to close at 488p after announcing that half-year revenues have reached over £2 billion for the first time ever, spurred by a significant recovery in the advertising industry.Sir Martin Sorrell revealed on Friday that revenues at the world’s second largest advertising group rose… Continue reading Sharewatch: WPP Boosted By Record Revenues

Britain’s largest commercial broadcaster, ITV, saw positive growth yesterday, rising by 2.24% to close at 102˝p. However, the company has recently been forced to drop several high-profile shows from its prime-time positions in order to avoid further declines in its viewing share.The last few months have seen ITV become ruthless in axing peak-time programmes that… Continue reading Sharewatch: ITV Rises Despite Fears Of Revenue Short-Fall

Channel 4 looks set to provide viewers with increased betting opportunities through their televisions, following a deal with Sky Bet, BSkyB’s wholly-owned betting business.Sky will provide the broadcaster with interactive betting services for its live coverage of horseracing events. The service will run alongside a range of interactive services provided by Channel 4, including information… Continue reading Channel 4 Bets On Sky For Interactive Gambling Service

Channel Five has launched a dedicated commercial development team to maximise secondary revenue streams outside of traditional spot advertising.The newly created team will form part of Five’s existing airtimes sales division and will be responsible for growing revenue from sponsorship and promotions, interactive, joint ventures, telephony, licensing and merchandising.Five’s former head of sponsorship, Jon Lewis,… Continue reading Five Launches Commercial Team to Maximise Revenues