— Informa has no interest in acquiring Reed Elsevier’s magazines, which were put on the block last week, Peter Rigby, the chief executive of Informa, said yesterday. With advertising accounting for only 3 per cent of Informa’s revenues, Mr Rigby asked why he would want to buy a business that is 60 per cent dependent on advertising – especially in the present uncertain envionment. Good point.

Yesterday the group bucked negative media sentiment to announce strong full-year results and a positive outlook for 2008.

— Victory for the Premier League after yesterday’s decision by the High Court to grant an injunction against the operators of three websites that have been illegally providing access to live and unauthorised footage of Premier League matches. Mr Justice Henderson and Mr Justice Mann also awarded the Premier League substantial costs and an order for damages to be assessed.

— Johnston Press is preparing a digital relaunch as it realises that it is falling behind Trinity Mirror and the Daily Mail and General Trust (DMGT). The worry, though, is whether the newspaper groups will make too much of its “Life is Local” strategy to create websites aimed at a town or city where it has a newspaper, such as Leeds or Edinburgh. Will it work? It will cost a lot to implement and, more to the point, it is not clear if there is a market for regional property, motors or jobs websites. What works are national sites plugged into local newspaper sites – DMGT does well with linking Jobsite and FindaProperty to its newspapers from Hull to Bristol.

— Vitruvian Partners – the private equity firm led by Ian Riley, a BC Partners alumnus, and Toby Wyles and Mike Risman, former partners at Apax – has raised €925 million (£703 million) for buyouts and mid-stage investments in Northern European telecoms, technology and media companies. Vitruvian, founded 18 months ago, is looking to invest in deals worth between €15 million and €150 million.

— Capital 95.8’s summer concert will be reborn as Party in the Capital. As the station attempts to regain its position in London, it is bringing back what was Party in the Park – but with a Noughties flavour. The venue is yet to be confirmed.

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