News in the Advertising And Media sector - written by Eilis Jordan

Reader's Digest UK faces administration after the UK Pensions Regulator said it would not approve plans for a rescue deal from Reader's Digest Association Inc to inject £10.9m and a third of the UK business into the [more]

Digital agency Latitude - one of the country's largest online marketing groups - briefly entered administration last week, before being pulled out by a management buy-out backed by Vitruvian Partners, its private equity owner and an existing major sharehol [more]

PricewaterhouseCoopers has stepped up its efforts to find a buyer for the South Wales-based Valleywood film studios. Its owners Dragon International Studios and Westair Properties Ltd both went into administration in March 2008 and since then PwC have struggled to complete a suitable rescue deal in the current financial climate. Options looked at have included selling off assets, a trade sale and refinancing. [more]

Irish classified ads magazine Buy & Sell has been pulled back from the brink of receivership, after a company backed by Nelson and Elgin Loane - the family behind the Adare printing group - stepped in and paid an undisclosed [more]

Close Brothers has been hired to sell Bonded Services, the movie storage business, for up to £50m, according to a report by the Sunday Teleg [more]

East London-based radio station Club Asia, one of the main brands in the Asian youth market, has been placed into administration, and hopes to find a buyer quickly. [more]

Independent News & Media (INM) is preparing to sell The Independent newspaper title as it struggles under a £1.24 billion mountain of debt, it has been reported by T [more]

ITV is considering the sale of its little-known business that rents TV channel slots on Freeview, in an effort to raise funds to fight off a sharp decline in advertising revenues and growing debt. [more]