Shadow Culture Secretary, John Wittingdale, has branded the Government’s decision to accept Lord Puttnam’s plurality test amendment to the Communications Bill a “humiliating surrender” to those opposing the liberalisation of the media ownership regulations (see Government Ends Media Ownership Deadlock).The outspoken Conservative MP said the eleventh hour amendment to impose a special public interest test… Continue reading Tories Attack ‘Humiliating’ Communications Bill U-Turn
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Active Value, the US fund management service and the largest shareholder in Cordiant Communications, has again increased its stake in the group, this time buying 113.4 million shares.The purchase raises Active Value’s stake in Cordiant to 27.1%, comfortably past the 25% mark at which it has the power to block the proposed takeover of Cordiant… Continue reading Active Value And Unknown Investor Buy Cordiant Shares
Digital advertising solutions group, DoubleClick, has secured eBay to use its online advertising technology to optimise its electronic ad inventory.The deal will see DoubleClick provide the ad serving and management technology for eBay’s new keywords service, which enables eBay sellers to reach targeted buyers through bid per click keyword advertising. The online auction site will… Continue reading DoubleClick Signs Ad Management Deal With eBay
The Government has agreed to allow ITV licence holders to take full control of ITN following a last minute amendment to the Communications Bill.Ministers have previously been unwilling to lift the current restrictions, which prevent individual shareholders owning more than 40% of the commercial news provider that produces News At Ten and Channel 4 News.However,… Continue reading ITV Partners Cleared To Take Full Control Of ITN
Radio airtime revenues at the Wireless Group (TWG) rose by 1.4% in the six months to June, despite the fact that last year enjoyed a boost to spend during the World Cup competition.Chief executive Kelvin MacKenzie unveiled the stronger figures at the company’s AGM this morning. He also announced that the group’s flagship national commercial… Continue reading Wireless Group Sees H1 Revenues Rise 1.4%
TalkSPORT has secured the new 11 88 88 directory service for a special promotion across its “No Nonsense” sports breakfast show.The £40,000 promotion deal, which begins later this month, will invite listeners to answer a variety of Formula 1 questions in order to win cash prizes. The competion will feature the new directory service’s strapline,… Continue reading TalkSPORT Secures New Directory Service For Promotion
Dennis Publishing has announced the appointment of Michael Hodges as editor of its flagship men’s lifestyle magazine, Jack, following its recent acquisition of I Feel Good Publishing (see New Acquisition Makes Dennis Feel Good).Hodges was formerly executive editor of Maxim and Maxim Fashion and has written for titles including The Observer and The Sunday Times.His… Continue reading Dennis Publishing Announces New Editor At Jack
The ASA has dismissed complaints against a national press ad for The Observer Food Monthly magazine, which featured a bottle of diazepam on a spice rack.Complainants objected to the ad, which carried the strapline ‘The Food and Sex Special’, on the grounds that it was offensive to those who have suffered from depression. They also… Continue reading ASA Dismisses Complaints Against Observer Drug Ad
Troubled advertising group Cordiant Communications was seen under pressure once again yesterday, down 9.09%, as WPP increased its grip on the group after buying out its remaining creditor.Profit takers also moved in on ITV merger partners, Carlton and Granada, which were seen down 3.635 and 3.30% respectively.Media investors will today consider reports that a last… Continue reading Sharewatch: Cordiant Falls Ahead Of Take-Over
Capital Radio’s London-based alternative music station Xfm has extended its deal with Jose Cuervo Gold Tequila, after research revealed the success of the drinks brand’s first sponsorship campaign on the station.Jose Cuervo has been sponsoring Xfm’s dance shows, The Remix, Rinse and Flo Motion, for the past ten months. The sponsorship package was recently put… Continue reading Research Helps Xfm Extend Jose Cuervo Sponsorship Deal
