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BUSINESS NEWS
Another nail in the coffin of CDs - Sony drops promos 
Posted on  05-03-2010 02:33:32 AM (GMT +01:00)
Published By  Business Desk

Another nail was driven into the coffin of CDs this week after music giant Sony announced they were no longer sending them as promos to journalists.

From 1 May all reviewers will have to use the major's digital previews system instead.

Many in the music industry have wondered ...


  
Twitter to finally make money? Ads 'placed in' searches - Saturation fears 
Posted on  05-03-2010 11:19:21 AM (GMT +01:00)
Published By  Business Desk

Media commentators have long fawned over social networking site Twitter and the speed it can shape opinion, but all have asked the question, how do they make any money?

A proper advertising system may now be in the offing - The Wall Street Journal's tech blog has just ...


  
WPP "past the worse" ad slump 
Posted on  05-03-2010 10:11:30 AM (GMT +01:00)
Published By  City News Desk

City News Desk

Sir Martin Sorrell the CEO of the world's largest advertising agency has said to the City that he believed that the "worst of the advertising recession is over" and expects "emerging marketing and digital sales" to keep the profits flowing in 2010.


  
City safe for now, but "no entente cordiale" yet, Barnier visit positive 
Posted on  04-03-2010 09:41:51 AM (GMT +01:00)

City News Desk

The City of London is "safe for now" from damaging regulation proposed by Brussels, was the verdict from leading figures in the capitals financial services industry following a high level breakfast meeting with the newly appointed EU Commissioner for the internal market Michel ...


  
What secret BBC plan to axe 6Music and half internet really means - Executives scramble to save their jobs 
Posted on  26-02-2010 02:25:37 PM (GMT +01:00)
Published By  Business Desk

There has been widespread dismay as news emerges that the BBC may be planning to axe their most successful digital radio station, 6music.

Threats have also emerged to the Asian Network and plans are afoot to half its internet operations.

Rumours circulated earlier this month that the popular ...


  
What will happen if Terra Firma goes kaput? Possible scenarios 
Posted on  25-02-2010 02:49:08 PM (GMT +01:00)
Published By  Business Desk

With Terra Firma now having less than 95 days to come up with the $189 million that will stop EMI from defaulting on its loan commitments to Citigroup, there is increasing speculation as to what will happen if the equity firm can't find the cash, and ownership of ...


  
Ministry of Sound "horrified" at Elephant & Castle redevelopment plans 
Posted on  19-02-2010 03:54:31 PM (GMT +01:00)
Published By  Business Desk

Bosses at Ministry Of Sound have hit out at developers who are planning on building a block of apartments opposite the music firm's flagship club venue in Elephant and Castle.

Ministry bosses fear that the new block of flats might result in new residents complaining about noise coming ...


  
The scramble to save Abbey Road - bidding war expected 
Posted on  19-02-2010 11:38:30 AM (GMT +01:00)
Published By  Business Desk

It seems a bidding war may have erupted between people rushing to save the famous Abbey Road recording studios.

This week it emerged that troubled music company EMI was plotting to unload the venue in an attempt reduce growing debts.

There are concerns, of course, that the building ...


  
Lebedev take over: Independent journalists have a "gun held to their head" 
Posted on  18-02-2010 11:27:09 AM (GMT +01:00)
Published By  declan@thelondondailynews.com

Journalists on The Independent newspaper have a "gun held to their head" as ex KGB spy and Evening Standard owner Alexander Lebedev lines up his takeover.

The Russian media mogul, who bought the Standard for a pound last year, has supposedly told owners he will not buy unless ...


  
Music industry and gaming world on collision course over pricing 
Posted on  18-02-2010 11:02:15 AM (GMT +01:00)
Published By  Business Desk

The multi-billion pound music and gaming industry are set on a collision course over pricing.

Viacom chief Philippe Duaman wants to "reduce the cost structure" surrounding music rights for hit games - at a time when record companies want to increase that cost structure.

The rapid growth of ...


  
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