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NTL, the financially troubled cable company, is being sued by Morgan Stanley over £7 million in allegedly unpaid fees dating back three years. The legal move comes as a blow to NTL which is in the process of a complicated financial restructuring (see NTL And Telewest Press Ahead With Refinancing Plans). Morgan Stanley remains one… Continue reading NTL Sued By Banking Adviser

The UK market ended its most lacklustre year for two decades on a relatively positive note, with the FTSE 100 showing signs of improvement towards the close of trade.Trinity Mirror, which recently announced that IPC chief executive, Sly Bailey, is to replace Philip Graf as chief executive (see Bailey Leaves IPC To Replace Graf At… Continue reading Sharewatch

Shares in Radio First, operator of the football club-based Fan Radio Network, have been delisted from the AIM today after the group failed to release its interim financial results on 31 December 2002. Radio First is in discussions to acquire an overseas media group in a deal which would allow the combined business to secure… Continue reading Radio First Shares Delisted As Overseas Acquisition Is Delayed

More than two thirds of the population have never visited any of the Government’s 3,000 websites, according to new research from IT consultancy firm, Hedra.The study shows that fewer than 3% of UK adults regularly use Government websites to access public services, despite the fact that nearly two thirds of the population now have internet… Continue reading Government Websites Fail To Captivate

Gannett has emerged as the successful suitor to SMG’s publishing division, with an offer that values the titles at £216 million, the two groups announced during the Christmas period. US group Gannett, owner of the Newsquest regional newspaper group in the UK, had all but secured the deal in December when reports emerged that SMG… Continue reading Gannett Secures SMG Publishing Deal For £216m

The media sector remained under pressure as a US led military attack against Iraq looks more and more likely. Volumes are expected to be thin as the market will close at 12pm today.On the corporate news-front, SMG was in focus on news that it will not be selling its newspaper business to the Barclay Brothers… Continue reading Sharewatch

JanuaryOutdoor got off to a shaky start in 2002 with the latest figures from Blade showing that revenue for the sector was down by 2.5% in 2001. However, it was predicted that the outdoor industry would rise out of the downturn with 4% growth in 2002 (see Outdoor Revenue Falls But Outlook Is Positive). Maiden… Continue reading End Of Year News Round-Up: Outdoor

The NewsLine team would like to wish you all a very merry Christmas and a happy New Year.NewsLine will be taking a break over the festive season, but will return on 2 January with the latest media news and comment. Early in the New Year we will bring you the final figures for 2002 from… Continue reading Merry Christmas From NewsLine

The year began with good news for the cinema industry as the Cinema Advertising Association (CAA) revealed that 2001 was a record year for both admissions and box office takings. The CAA estimated that the number of cinema screens in the UK, at 3,248, was the highest total since 1959.The sector also saw advertising revenue… Continue reading End Of Year News Round-Up: Cinema

The media sector remained under pressure as a US led military attack against Iraq looks more and more likely.On the corporate news-front, Carlton was in focus on news John Rudofsky has resigned as head of corporate affairs. The stock was seen down 1.27%. Elsewhere, Granada was also under pressure, shareholders may be cheered by news… Continue reading Sharewatch