Bright Station went into a spectacular tailspin over the week, thanks to funding fears (see Bright Station Seeks Funds As Cash Runs Out) which more than halved its share value. By the close of Friday’s trading, shares were worth 9½p, compared to 21p the previous week.By contrast, another media company accustomed to heavy losses, Future… Continue reading Sharewatch
Tuesday MediaTel’s weekly media focus and analysis, Media Track, is featured in Media Business.The Periodical Publisher’s Association (PPA) holds its 2001 Magazines and B2B conference and exhibition at Grosvenor House. Continues Wednesday.Dotcom success story Lastminute.com releases interim results which are expected to show the business to be heading towards the black.Wednesday BSkyB releases interim financial… Continue reading The Week Ahead
Reed Elsevier’s acquisition of Harcourt General is to be allowed by the Department of Justice in the US, the company announced this morning. Outside the United States, the acquisition has already received clearance from the competition authorities in Germany, Austria and Ireland and now awaits regulatory clearance only from the UK’s Competition Commission (see Reed… Continue reading US Clears Reed’s Harcourt General Acquisition
US media group Liberty Media has regained its majority shareholding in UK cable company, Telewest Communications. At the end of last week Liberty bought a further 20 million shares in Telewest for around £30 million. Liberty’s arrangements with Microsoft and MediaOne mean that they are also effectively stakeholders in Telewest, with a combined stake of… Continue reading Liberty Regains Majority Holding In Telewest
The Daily Telegraph is set to become the first broadsheet to publish a separate sports supplement every day of the week. From 15 May the paper will launch a eight-page stand-alone supplement from Tuesday to Friday.The Telegraph was the first UK newspaper to introduce a separate sports supplement, when it launched a Monday edition in… Continue reading Telegraph Gets Daily Sports Supplement
Following the launch of Scottish financial newspaper, Business am last year (see Launches Brief), Scotland’s business community will now be targeted in magazine format, with UP Magazine. The first publication from newly-formed publishing company MHP Associates, the 80-page monthly magazine is aimed at entrepreneurs and fast-growing companies north of the border.The cover price for the… Continue reading New Magazine Launched For Scottish Business Community
MediaTel would like to thank Clare Goff, editor of Newsline, who is spending her last day in the job today. Since joining us in August 1999 she has been an invaluable member of the team, producing quality, incisive articles, developing the service and for the past year taking on the role of editor and training… Continue reading Newsline Editor Moves On To Pastures New
Readership of national newspapers showed a year on year decline of 3.3%, according to NRS figures released for March 2001.Among only four titles which managed a year on year increase for the six month period were tabloids the Sun and the Mirror. The Sun still leads the field, with a readership which grew 1.8%, while… Continue reading National Newspaper NRS Round-Up – March 2001
BSkyB is rumoured to be integrating its interactive TV portal, Open, into its own new media operations, a move that could lead to the closure of the service. The group is expected to announce mounting losses at the portal in its quarterly results due out next week.BSkyB announced it was to take a controlling stake… Continue reading Open To Be Integrated Into BSkyB
Go Racing, the consortium hoping to create a dedicated digital horse racing channel (see C4’s Racing Plans Back On Track) has announced that it has reached the necessary level of acceptances from the UK’s racecourses to complete its deal to acquire media and related rights to British racing. A vote was taken regarding the consortium’s… Continue reading Go Racing Gets Go Ahead For Racing Channel
