The High Court of the Hong Kong Special Administrative Region yesterday sanctioned the scheme of arrangement which will see Cable & Wireless dispose of its Hong Kong Telecom interests through a merger with Pacific Century Cyberworks (see Sharewatch). Shares in Cable & Wireless responded by rising 18p to finish £11.80.Pearson made a good recovery after… Continue reading Sharewatch
The supermarket wars rumble on and Sainsbury’s appears to be increasing its offensive over the airwaves. According to the latest figures from the Radio Advertising Bureau and AC Nielsen MMS, the supermarket has more than doubled its adspend for radio, year-on-year. During the twelve months to June, Sainsbury’s spent £3.2m, making it the 18th biggest… Continue reading Sainsbury’s Doubles Radio Adspend But BT Takes Top Spot
ITN’s News at Ten will return to television screens this evening, not on terrestrial ITV as the ITC would like (see ITC Says ITV Must Reschedule Nightly News) but on the news provider’s new 24-hour digital, cable and satellite news service.As well as the much-mourned News at Ten, viewers of terrestrial ITN will recognise the… Continue reading News At Ten Makes A Come Back On New ITN Channel
More than three-quarters of the UK population now approve of advertising, according to a recent study from the Advertising Association. The subject is extremely low on people’s list of concerns, however, with few people talking about it or holding strong opinions on the subject and just 1% of the population feeling that major changes are… Continue reading Three Quarters Of The UK Approve Of Advertising, Says Study
A total of 92 viewers complained to the Independent Television Commission (ITC) when NTL were unable to cope with the response to advertising of its free internet service.Huge demand for NTL World led to a backlog in demand which forced the company to pull the advert in May (see NTL Pulls Advertising Of Net Service).… Continue reading ITC Upholds Complaints Of 92 Against NTL World Ads
Sunday newspapers have enjoyed a 10% increase in total advertising revenue over the past year, with broadsheet Sunday Business increasing from £1.5m to £2.5m , or 61%, and both the Sunday Times and the Sunday Telegraph registering a year on year increase of 16%.While NRS figures show declining readership of national newspapers (see National Newspaper… Continue reading Ad Revenues Up For Sunday Newspapers
Pearson announced interim results yesterday and revealed plans to acquire the US’ National Computer Systems (see Pearson Buys NCS, Reports Pre-Tax Profits Of £123m). This is to be funded by a £1.7bn rights issue, news of which caused shares in the company to fall by more than 9% by end of trading yesterday, dropping £1.82… Continue reading Sharewatch
News International (NI) is thought to have broken up its new media division, News Network, handing control of the online editions of the Sun, News of the World, Page3.com, the Times and the Sunday Times back to the individual newspapers and shedding dozens of staff, mainly from auction site FiredUp.com.Speculation in the press said that… Continue reading News International’s New Media Section Disbanded
Monday MediaTel’s weekly media focus and analysis, Media Track, is featured in Campaign Media Business.Pearson, which owns the Financial Times Group and whose television division recently merged with CLT-Ufa to create RTL (see RTL Lists On Stock Exchange With Value Of £16.6bn), reports its financial results for the six months ended 30 June.Tuesday ITN launches… Continue reading The Week Ahead
The most dramatic media news story of last week produced some of the most dramatic share performances on Friday. As the future of ITV became clearer with Granada Media’s takeover deal for United News & Media (UNM) on Friday (see Granada Takes Control Of ITV), Granada share prices jumped 30p to £6.15, putting it amongst… Continue reading Sharewatch
