The future of media conglomerate EMAP was up in the air as rumours swirled around the UK press about a possible break up.

The future of media conglomerate EMAP was up in the air as rumours swirled around the UK press about a possible break up.

The Q and Mojo publisher, also a major player in UK independent radio and business-2-business publishing, lost its chief executive Tom Moloney who was ousted after 26 years with the company.

Shares rose on the news by 43.5p to 821p. Rumours about a possible EMI takeover also developed as the press suggested that Warner Music might be back in the buying frame for the UK's only major label as worries about European regulatory approval seem to be receding. Again shares rose, this time by 3.5p to 245.2 .

In the club world, Britain's biggest nightclub operator Luminar is now at loggerheads with the rest of the UK licensed trade after committing to moving to plastic glass only environment. the Police supported move focuses on safety issues but Luminar also think that they will benefit from a drop in insurance premiums as bare footed dancers leave under their own steam rather than in ambulances.

At the same time, full figures looking at the first year of the UK's relaxed licensing laws show that the fear of increases in drink fuelled violence with extended opening hours have failed to materialise although the figures may disguise the true effects of 24-hour drinking.

A UK cross-party parliamentary committee has supported the BPI and IFPI's campaign to extend the terms of sound recording copyrights to something like the US model (which is 95 years rather than the 50 years available in Europe) giving hope the owners of the Cliff Richard, Beatles and Elvis catalogues (amongst others) and finally the UK's leading indie music radio station, Xfm, is dropping daytime DJs - preferring listeners to select their own playlist for the station.