Scottish Radio Holdings (SRH) has taken its hostile takeover bid to the shareholders of Border Television today, in a letter detailing the terms of its offer (see Scottish Radio Launches £116m Hostile Bid For Border TV). The Board of Border says that the proposals represent a ‘significant undervaluation’ of the group and is not recommending… Continue reading Scottish Radio Takes Offer To Border Shareholders
Kelvin MacKenzie is preparing to list his Wireless Group radio network on the London Stock Exchange in a float which could value the company at up to £200 million. West LB Panmure has been appointed to broker to the float, set to take place in June.The Wireless Group was formed by MacKenzie, its chief executive,… Continue reading Wireless Group Set For Floatation
The Independent Television Commission (ITC) is to review its rules on comparative advertising and denigration. The regulatory body has issued a consultation paper on proposed amendments to its code in the light of the adoption by the UK of the EC directive on comparative advertising.Comparative advertising has been allowed on UK television for many years… Continue reading ITC To Review Rules On Comparative Advertising
Revenues for internet advertising more than doubled in the first half of 1999, according to a report published by the Internet Advertising Bureau. During this period web advertising in the UK grew by 122% from £7.9 million to £17.3 million, compared to the same period in 1998.The study, compiled for the industry association by PricewaterhouseCoopers,… Continue reading Net Advertising Revenues Double
The GWR Group is to launch an ad campaign to highlight the local nature of its brand. The radio group, which owns 37 local licences and Classic FM, is spending £1 million on the campaign.Kicking off with 48-sheet posters and bus sides across twenty of its stations from next month, the push will continue throughout… Continue reading GWR Pushes Local Stations In Ad Campaign
Telewest was one of the highest climbers on the FTSE yesterday. Prices rose 57˝p to 527źp as the cable group announced plans for its high-speed internet access service (see Telewest And Flextech Report Losses Ahead Of Merger). Its merger partner Flextech also saw its stock climb 215p to £19.55.Carlton Communications was boosted by an upgrade… Continue reading Sharewatch
Monday MediaTel’s weekly industry focus, Media Track, is featured in Campaign Media Business.Cable company NTL is releasing its final financial results.Tuesday The latest national newspaper readership figures are released by the National Readership Survey (NRS). A Round-Up will be available on Newsline and in the Press features list shortly afterwards.The Independent Television Commission will be… Continue reading The Week Ahead
Shares in Dialog fell 22˝p yesterday as Thomson Corporation was confirmed as the buyer of the software and computing group’s Information Services Division (see Thomson Confirmed As Dialog Buyer). Prices closed at 140p.Telewest stock was recommended after the group announced the launch of a new high-speed internet service (see Telewest And Flextech Report Losses Ahead… Continue reading Sharewatch
Interactive digital television (iDTV) will reach 80 million European homes by 2005, according to a recent report by Forrester Research. The “walled garden” system currently available on interactive platforms will fall, allowing full internet access through TV screens.There are currently 7 million subscribers to interactive television systems throughout Europe. This will double to 14 million… Continue reading Online Services Will Be Driven By TV, Says Forrester
After a slump during the first six months of 1999, outdoor advertising is back on track with the latest estimates for revenue growth in 2000 showing a mini-boom in the industry. Optimedia’s latest report predicts a growth of 8% during 2000, double the growth rate in 1999, and 3% higher than that predicted for total… Continue reading Insight Analysis: Mini-boom Predicted For Outdoor Advertising
