Stock in Granada Media rallied this morning following an upgrade from US broker Morgan Stanley Dean Witter. Granada Media will complete its demerger from the Granada Compass hospitality business this Friday. As a result its free float will increase from 20% to 100% and its FTSE weighting will increase from 0.08% to 0.39% following the… Continue reading Granada Rises On Positive Ratings

Radio group GWR is holding a seminar today for fund managers and analysts as part of its ongoing investor relations programme. The company will report radio revenues up 12% on a like for like basis for Q4 2000 – in line with expectations. GWR expects strong revenue growth this year following continued audience increases for… Continue reading GWR Q4 Revenues Up 12%

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29 January 2001 The company behind the idea of the free morning newspaper, Sweden’s Metro International, has today announced the launch of a new newswire and information service called Metro World News. Versions of Metro International’s free Metro newspaper are now published in 18 cities around the world and the business model has been adopted… Continue reading Metro International Seeks Savings In Global Publishing

26 January 2001 French magazine group Marie Claire is understood to be planning the launch of a French version of Hearst’s US fashion magazine Harper’s Bazaar. According to a report in French newspaper La Tribune, Marie Claire may reach an agreement with Hearst to produce the magazine in France. The two companies already have a… Continue reading Marie Claire May Launch French Harper’s Bazaar

26 January 2001 WPP has today announced the launch of Red Cell (www.redcellnetwork.com), a global communications network focusing on the needs of ‘challenger brands’. Chief executive, Sir Martin Sorrell, describes these challenger brands as ‘lean, ambitious, agile, digitally wired businesses that demand world-wide marketing and communication capabilities’. “Red Cell is the first global communications network… Continue reading WPP Launches Global Network For ‘Challenger Brands’

25 January 2001 Luxembourg-based media group RTL has won permission from the Conseil Superieur de l’Audiovisuel (CSA) to take a 20% stake in French radio group Sud Radio. The holding will be acquired from Sud Communications for €5.48 million (£3.46 million) and the transaction should be completed by the end of the month. RTL Group… Continue reading RTL Takes 20% Stake In France’s Sud Radio

Capital Radio stock tumbled 90p by 1:00pm this afternoon after what investors regarding as a disappointing set of figures emerging from the company’s AGM. The company reported a 12% increase in revenues during the last quarter of 2000 following the successful acquisition of Beat 106 and Century Radio. In today’s meeting Capital said like for… Continue reading Capital Stock Falls Following AGM Statement

After a steady decline since the mid-1950s, cinema attendance in the European Union started to climb again in the 1990s, according to Eurostat. However, despite the growth, the 800 million admissions during 1988 still fall well short of the 1955 peak of 4 billion. The advent of home entertainment technologies – including video and cable… Continue reading Europeans Return To Cinemas

At its Annual General Meeting Scottish Radio Holdings (SRH) today told shareholders that trading for the first three months of the financial year (October to December) showed revenues up 16%, mainly from acquisitions made the previous year. In existing business, however, revenues were flat after a particularly disappointing December when advertising demand turned out to… Continue reading Scottish Radio Revenues Up 16% As Partnership Talks Continue