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Capital Radio Group’s proposed £15 million acquisition of London-based Choice FM has been given the go-ahead by the Office of Fair Trading.Choice broadcasts urban contemporary music on two FM licences serving a potential audience of 5.8 million adults in London. It also owns a network of five digital radio licences covering London, Yorkshire, the Severn… Continue reading Capital Cleared For £15 Million Choice Acquisition

ITV has secured the Daily Telegraph as the exclusive £4.5 million sponsor of its coverage of the forthcoming Formula One season.The deal includes broadcast sponsorship of the eighteen races due to be screened on ITV1 between March and October. It also includes a highlights package on ITV2 and branding on the channel’s Formula One website.The… Continue reading ITV In Poll Position With Formula One Sponsorship

ITV has snatched the exclusive broadcast rights to the Oxford and Cambridge boat race from the BBC after the Corporation claimed the prestigious sporting event had become too commercial.The BBC said it had decided to end its fifty year association with the boat race in the light of the organiser’s desire to pursue a highly… Continue reading ITV Snatches Boat Race Broadcast Rights From BBC

Reuters rose 15.17% in week on week analysis to rest at 410p on Friday following better than expected financial results. The group’s operating profit for 2003 came in at £126 million, up from a loss of £144 million in 2002 (see Reuters Results Beat Expectations As Profit Returns).Meanwhile, Reed Elsevier closed 9.86% higher at 504p,… Continue reading Sharewatch: Reuters Rises After Positive Results

The BBC licence fee should be reduced and commercial broadcasters allowed to bid for funding to make public service programmes, according to a report commissioned by the Conservative party.The wide-ranging review, which is being spearheaded by former Five chief executive, David Elstein, is backing proposals for the creation of a new public service fund that… Continue reading Tory Report Calls For Reduction Of BBC Licence Fee

H Bauer has revealed its latest venture into the women’s monthly magazine market with Lounge, a glossy title featuring a blend of puzzles, celebrities and competitions.Designed as an alternative to the current crop of women’s monthlies, Lounge offers readers a selection of gloom-free articles focusing on the brighter side of life, promising no lectures and… Continue reading H Bauer Unveils New Women’s Monthly Magazine

Emap’s market leading men’s lifestyle FHM has announced plans to revamp its website with the backing of a number of big brand advertisers.Companies already on board for the relaunch of FHM.com include Coca Cola, BT, Hugo Boss, Mazda and UIP, which will sponsor respective re-designed sections on the music, mobile, grooming, gadgets and movies areas… Continue reading FHM Nets Major Advertisers For Website Relaunch

Freeview saw uptake increase by more than 40% in the three months to December in a development that helped to push digital television penetration to over half of all UK households.The latest figures from Ofcom show that almost 3 million British homes received the digital terrestrial service in the final quarter of last year, with… Continue reading Freeview Surge Helps Digital Reach Half Of UK Homes

A new bi-monthly magazine aimed at preparing men for the various perils and pitfalls of their wedding day will hit news-stands later this week priced at £4.Owner of Stag & Groom, Hanage Publishing, hopes to entice male readers with a mix of features covering speeches, stag nights, appropriate wedding outfits and the the all important… Continue reading New Magazine Aims To Groom Men For Wedded Bliss

WPP chief executive, Sir Martin Sorrell, is expected to signal the end of the worst advertising downturn in living memory when he announces the marketing group’s full year results later this week.Sorrell is usually reluctant to be overly upbeat when predicting the industry’s fortunes and has so far refused to call an end to the… Continue reading Sorrell Set To Signal Start Of Advertising Recovery