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Indebted UK cable company, Telewest Communications, this morning said that it has reached a non-binding agreement with its senior lenders and bondholders over the terms of its new bank lending facilities (see Telewest Positive On Restructuring Plan). The amended bank facilities total £2.2 billion and will provide Telewest with ‘substantial liquidity’ that should meet the… Continue reading Telewest Agrees New £2.2bn Bank Lending Terms

The Electoral Commission has urged the Government to uphold the ban on paid-for political advertising in the broadcast media.In a new report into party political broadcasting the Commission argues that broadcasters should continue to carry free-to-air party political broadcasts, which should come under the authority of the new communications super-regulator, Ofcom.According to the report, there… Continue reading Report Warns Against US-Style Political Ads

Andy Coulson, who was yesterday appointed the new editor of the News Of The World, has received the seal of approval from News Corporation chairman Rupert Murdoch.In a statement, the media mogul commented: “Andy has been crucial to the News Of The World’s success in the last three years and I am sure he is… Continue reading New News Of The World Editor Given Murdoch’s Backing

The BBC is readying itself for possible military action against Iraq by securing a newsgathering exchange agreement with Qatar-based TV news channel al-Jazeera.The reciprocal deal will give both news organisations access to materials and co-operation on the ground with regard to sharing facilities, including al-Jazeera’s uplink in Kabul.Madhav Chinnappa, deputy head of rights at BBC… Continue reading BBC Secures News Exchange Deal With Al-Jazeera

Dawn Airey, the new controller of Sky Networks has appointed Sophie Turner Laing, the BBC’s controller of acquisitions to head up the group’s films and acquisitions business.The move is Airey’s first senior appointment since she took up her new post at Sky last week. She commented: “I am thrilled to welcome someone of Sophie’s talents… Continue reading Airey Makes First Executive Appointment At Sky

The Wireless Group, has appointed Calum Macaulay, the Group’s marketing director as the new business development director.Macaulay, who is 36, worked at TWG for four years prior to joining the Wireless Group.The new appointment will see Macaulay co-ordinate the group’s applications for radio licences across the Wireless Group’s portfolio of products which includes talkSPORT and… Continue reading Wireless Group Appoints New Business Development Director

A US federal judge has ruled that the I’m A Celebrity….Get Me Out Of Here format is not a copy of Survivor, the show produced by Castaway Television Productions. The ruling leaves Granada free to sell the lucrative format across the globe.Last autumn, Castaway and CBS filed a copyright infringement suit in New York alleging… Continue reading US Judge Backs I’m A Celebrity

Mediaedge:cia is to implement a new COI Communications campaign to promote a healthy work/life balance among the UK’s working parents.A £1 million spring campaign will launch the initiative and Mediaedge:cia will work alongside WCRS to develop a creative plan, while Fishburn Hedges will help to formulate a PR strategy.Stuart Sullivan-Martin, Business Director at Mediaedge:cia, commented:… Continue reading Mediaedge:cia Secures COI Campaign For Working Rights

US adspend will increase by more than 3% to $117.5 billion in 2003, according to a full-year forecast issued by CMR yesterday. In its last market study, CMR was upbeat on the state of the advertising market, pronouncing that 2002 would see positive growth of 2.5% (see US Adspend Up By $2 Billion Through Third… Continue reading CMR Predicts ‘Modest Growth’ For Advertising Sector

Media stocks extended their losses on Tuesday on volatile trading, triggered by weakness in the oil sector as the threat of a US-led military attack on Iraq looms heavily on the market.On the corporate newsfront, Carlton continued to slide as investors dismissed rumours of a take-over from WestLB. The stock was seen down 1.88%.Elsewhere, Reuters… Continue reading Sharewatch