Internet launches build up more demand for adverts

Increased M&A activity is likely to be the driver for the media industry with internet start-ups generating additional advertising demand. Aberdeen Asset Management recently rebranded its Radio Trust as the Media & Income Trust as consolidation within the market has reduced the number of companies to just a handful. Dave Clarke, UK Growth Fund co-ordinator at Britannic Asset Management, says lack of diversity in radio stocks makes all the obvious candidates such as Capital and Scottish Radio, overpriced and adds the fact that a group like Capital owns a chain of restaurants means its core...