SHARES in UTV Media climbed yesterday after the Northern Irish media group's talkSport radio station secured international broadcasts rights to English Premier League football matches. The deal, which runs from next season to 2016, will see talkSport become the "global audio partner" of the Barclays Premier League outside the European Economic Area and broadcast commentary on all 380 games in multiple languages.
Origin chief sells 200,000 shares
ORIGIN Enterprises chief executive Tom O'Mahony has sold shares in the firm worth nearly €750,000. Mr O'Mahony sold 200,000 shares at €3.70 apiece after being awarded 958,182 shares as part of Origin's long-term incentive plan. Mr O'Mahony now is interested in 1.6m shares in Origin. Chief financial officer Brendan FitzGerald sold 108,000 shares, worth nearly €400,000 after being awarded 482,069 shares under the scheme.
Ad revenues are climbing on net
THE amount of money spent on internet advertising climbed last year, but remains a distant third to print and TV, a new report has found. The latest data from the Irish arm of the Interactive Advertising Bureau showed online advertising rose 19.6pc to an estimated €132m during 2011. The amount of money spent on online advertising has now overtaken radio but remains well behind television and print advertising. Print slipped marginally to just under €400m while TV grew slightly to nearly €275m.
Price hikes boost Coca-Cola income
COCA-COLA, the world's largest soft-drink maker, reported first-quarter profits that topped analysts' estimates, helped by pricing increases and demand in North America. Net income rose 7.9pc to $2.05bn (€1.5bn), or 89c a share, from $1.9bn, or 82c, a year earlier. That just beat expectations. Chief executive Muhtar Kent has introduced smaller package sizes to spur sales in North America, where the soft drink industry is in a seven-year decline. Beverage volume climbed 2pc in the quarter.