The latest preliminary results for 7digital shows the company has sold a number of its Audioboom shares.
UBC Media, the company co-founded by Simon Cole and Tim Blackmore in 1989, has completed its acquisition of 7digital Group.
Audioboo has listed on the Stock Exchange today at a valuation of over £10m, and is planning to change its name to Audioboom.
UBC Media has lent £1 million to London based 7digital, starting a reverse takeover and eventual merger of the two companies.
Unreliable Evidence has won this year’s Bar Council Legal Reporting Award in the broadcasting category.
UBC's latest trading updates show the company increasing video and mobile revenues, and making extra investment in Audioboo.
UBC Media Group's production division Unique has been contracted by BskyB's Sky Arts channel to provide a series of 7 programmes celebrating the history of the Bolshoi Ballet.
Video and web content has helped UBC Media grow its turnover, which is up 17% this year, and a new deal with Rightster is expected to help even further.
UBC Media & Absolute Radio have created a mobile music game similar to the popular SongPop app, which lets listeners identify a song from a short clip.
UBC Media has raised turnover at the Half Year stage by 47% to £2.2m, quadrupled gross profit to £250,000 and reduced operating losses by 28% to £355,000.
UBC Media Group has sold the Radio Lynx content business it bought three years ago to former managing director Steve Leavesley.
UBC Media owned production firm will run awards night next May
Small revenue drop for industry's leading independent production company.
Free content on offer from UBC Media at the MTV Europe Music Awards this evening.
Independent production company to make Sounds of the Sixties.
£0.14m revenue from mobile apps for UBC Media.