Capital Radio has announced the sale of Bucks Broadcasting Ltd and Sun FM Ltd to Radio Investments Limited. The move is part of its ongoing strategy to focus on its larger stations in major metropolitan areas, including its flagship Capital 95.8 FM, which is the leading commercial station in London (see Capital Still On Top… Continue reading Capital Radio Sells Off Bucks Broadcasting And Sun FM
Cable company NTL is looking forward to a strong, consolidatory year as its recent acquisition of rival group Cable & Wireless Communications (CWC) starts to bear fruit. The company believes it is on target to achieve its 2001 financial targets of £2.6 billion in revenues.The group achieved record quarterly revenues of £586 million and total… Continue reading NTL Looks To Reap Benefits Of Investment
The MRG held an evening meeting on Tuesday to introduce the changes which will occur when the new BARB contracts are introduced in January 2002. Introducing the speakers, Caroline McDevitt, BARB’s chief executive, promised that the organisation was “reviewing outmoded practice” and introducing change which was perhaps overdue.This will naturally create problems and concerns as… Continue reading MRG Evening Meeting: The New BARB Contracts
Fears of further fall-out in the dotcom sector re-emerged yesterday when Yahoo! issued its second profits warning in as many months. The internet company said it expects revenues for the first quarter of 2001 to be $170-180m compared to its previous target of $220-240m.The group blamed the revision to its forecasts on a “weakening economic… Continue reading Yahoo! Issues Further Profits Warning
Advertising agency Cordiant Communications has this morning turned in a strong set of financial results which show record net new business wins last year, worth £750 million. Cordiant’s results show that ad agencies are continuing to perform well whilst many media owners are suffering an ad revenue downturn.Pre-tax profits grew by 79.1% at constant rates… Continue reading Cordiant Turns In Record Figures
Media share performances on Budget Day (see Budget Line 2001 – The Chancellor’s Speech As It Unfolds) were as varied in terms of positives and negatives as the details spelled out by the Chancellor. The most positive performance in terms of percentage change was seen at Bright Station, which increased 1½p, or 5% to 31½p.… Continue reading Sharewatch
The Independent Television Commission (ITC) has released details of complaints about television advertising it dealt with for January 2001. Food and drink advertising seemed to cause the largest amount of controversy during the month, with an advert for Van der Bergh Foods’ Chicken Tonight Stir-In Paste prompting complaints from 16 sources, all with close links… Continue reading Why The ITC Wasn’t Having Chicken Tonight
Newsline will provide coverage of the key developments in this afternoon’s Budget as it is delivered by Chancellor of the Exchequer, Gordon Brown. Newsline‘s Budget page will be set to automatically refresh every few seconds ensuring a full, rolling coverage throughout the Chancellor’s speech which is expected to begin around 3:30pm.
Two thirds of the UK population have mobile phones, but many do not realise their potential uses beyond talking, according to research conducted for the BMRBi Access Omnibus Telephone Omnibus during February this year.The survey found that only 85% of those with mobile phones believe they have text messaging facilities and only 13% believe they… Continue reading Two Thirds Of UK Have Mobiles, But Many Are Unaware Of Services Available
The Chancellor rose at 3:32pm.Growth forecast for 2001 to be between 2.25% and 2.75%.Inflation forecast for March 2002 to be 2.25%.Budget is in surplus of £23bn this year.Debt repayment will be £34bn this year.Tax relief on intellectual property and goodwill proposed. Small firms to pay no VAT.Consideration of research and development tax credit for large… Continue reading Budget Line 2001 – The Chancellor’s Speech As It Unfolds
