Carlton and Granada saw shares fall yesterday after assuring ITV’s chief executive, Stuart Prebble, on Friday, that they would continue with their investment in troubled pay-per-view platform ITV Digital (see Prebble Denies ITV Digital Will Close). Carlton saw stock fall 2.07% to finish at £1.89, a loss of 4p on the previous day, while Granada was down 3.85% to close at £1.25, 5p worse off than the day before.
Shares in SMG continued to rise yesterday after the company announced 95 cost cutting redundancies last week (see SMG Makes 95 Cost-Cutting Redundancies). Stock saw a healthy 7.02% increase yesterday to finish at £1.29˝, in what was the best performance in a day of mixed fortunes for media companies.
GWR , which yesterday moved to ease the city’s fears over its debt problem by renegotiating interest payments to its financial backers, saw shares fall 1.60% yesterday to close at £2.15˝, down 3˝p on the previous day.
The closing prices of media company shares yesterday were:
