Chill global winds in the financial world have triggered gloomy predictions in the City of around 2% negative nominal UK TV NAR (net advertising revenues) growth in 2008. In general, the TV advertising industry appears more positive, with predictions mostly lying between 0% and +3%

Chrysalis, the music publishing company, is for sale and expressions of interest have been received from EMI Music Publishing, Warner Chappell, SonyATV as well as a small number of private equity companies, with final bids due this week

Distribution growth improved considerably (retail grew 13% versus 8% last quarter), with strong contract sales more than counteracting a relatively weak prepay performance

Unity Media sold its 14.58% stake in German pay-TV operator Premiere to News Corporation at the start of 2008, prompting speculation of a full takeover by News Corporation later in the year

Rumours that Google was acquiring Yell emerged at the end of last week, but we doubt the search giant would be interested in purchasing a traditional media company, particularly not one predominantly in print

Since its creation in 2005, GCap Media has singularly failed to deliver its shareholders either a return on their investment or a coherent, strategic vision of its future, rendering the company increasingly vulnerable to takeover