BSkyB is carrying through its intention to apply to take over from ITN as news provider for ITV. The satellite broadcaster made its intentions known last year (see BSkyB Looks To Oust ITN As ITV News Provider) and has now formed a consortium consisting of Bloomberg, CBS News, Chrysalis Group and Ulster Television, which each… Continue reading Consortium Launches Bid To Become New ITV News Provider
Internet and ebusiness solutions company, Bright Station, this morning announced that it cannot afford to maintain its current rate of expenditure and that it is to radically restructure its operations.Bright Station is attempting to gain additional funds in order to secure its financial position. At the end of March it had £7.4 million available cash,… Continue reading Bright Station Seeks Funds As Cash Runs Out
US media giant AOL Time Warner is thought to be considering NTL as a possible partner for boosting its European revenues. AOL’s extensive US cable network is not currently matched by its capabilities in Europe, while NTL enjoys the largest share of the UK’s cable market, with 7.8m homes passed for its services.NTL confirmed today… Continue reading AOL Time Warner Looks To NTL For Possible Euro Partnership
ITV’s new daytime soap is expected to be called Night and Day. Details of the programme – the networks’ first new soap in thirty years – are beginning to leak out as the countdown to the start of production begins.The soap was originally given the working title of Trafalgar Road and was commissioned to replace… Continue reading Details Of New ITV Soap Revealed
Media communications group WPP released a disappointing set of first quarter results yesterday (see WPP Q1 Results Disappoint Market And Brokers). Shares fell during the morning as a result, but ended the day up 13p at £8.00.The largest fall among media shares yesterday was Bright Station, which dropped just over 2% of its shareprice to… Continue reading Sharewatch
Future Network has this afternoon announced the closure of both its loss-making German operation and the European editions of internet business magazine Business 2.0. Future Verlag GmbH posted losses of DM20.5 million (£6.4 million) on revenues of DM22.5 million last year. Losses for the current year, prior to the closure, are expected to be DM9.4… Continue reading Future Closes German Business And European Business 2.0 Editions
The Wireless Group has this morning reported like for like turnover up 12% to £29.4 million for the full year and up 22% for the first quarter of 2001. Q1 operating costs, before digital expenditure, are down by 12% like for like. However, loss for the financial year grew from £27.5 million last time to… Continue reading Wireless Group Grows Turnover And Reduces Costs
Future Network has this afternoon announced the closure of both its loss-making German operation and the European editions of internet business magazine Business 2.0. Future Verlag GmbH posted losses of DM20.5 million (£6.4 million) on revenues of DM22.5 million last year. Losses for the current year, prior to the closure, are expected to be DM9.4… Continue reading Future Closes German Business And European Business 2.0 Editions
The Wireless Group has this morning reported like for like turnover up 12% to £29.4 million for the full year and up 22% for the first quarter of 2001. Q1 operating costs, before digital expenditure, are down by 12% like for like.However, loss for the financial year grew from £27.5 million last time to £34.2… Continue reading Wireless Group Grows Turnover And Reduces Costs
The Independent Television Commission (ITC) has revised and amended its quarterly cable statistics following consultation with the cable companies. Data for the final quarter of 2000 is now available and shows 4.5m homes in the UK are now connected to a cable service.This represents a year on year increase of 6.2%. Total cable penetration now… Continue reading Revised Cable Stats Show 4.5m Homes Connected
