Anglo-Dutch publishing group, Reed Elsevier, this morning said that it plans to achieve annualised savings of £170 million, beginning with projected savings of £130 million in 2000. The money accrued from these savings will go towards a £750 million investment in the internet, Reed announced in its preliminary 1999 results today.However, according to Reuters, the… Continue reading Jobs To Go At Reed Elsevier As Part Of Cost Cutting
Shares in Pearson bounced back after a tumble earlier in the week. Talk of new internet deals pushed stock in the publishing group which closed up 235p at £21.69.BSkyB jumped 5% despite an extension of the regulatory probe into French stakeholder Vivendi (see Competition Commission Extends BSkyB/Vivendi Investigation). Prices rose 81p to £15.83˝.United News &… Continue reading Sharewatch
IPC Music & Sport is to launch an internet microsite for its music magazine, Melody Maker. The magazine group is to continue its promotion of the magazine, which was revamped last year (see Melody Maker Unveils Radical New Look), with the launch of the site.Located on the website of its sister publication, nme.com, the site… Continue reading Melody Maker To Launch On The Internet
Digital terrestrial broadcaster ONdigital will have more sport content than any other television platform when it launches two new sports channels next week. From 29 February ONsport1 and ONSport2 will begin broadcasting, bringing the total to six sports channels carried on the service.Available only to ONdigital subscribers, ONsport 1 and 2 will kick off with… Continue reading New Channels Give ONdigital’s Sports Coverage Top Place
Upmarket men’s magazine Esquire is set to launch a spin-off sports title called Esquire Sports Quarterly, or ESQ, in June this year. The title has been developed as part of Esquire publisher National Magazine Company’s plans to concentrate on the development of its ‘masterbrands’.NatMags has instigated a policy to concentrate on the company’s key brands… Continue reading Esquire To Launch Spin-Off Sports Quarterly As Editor Continues Rebrand
The Competition Commission has announced today that it is to extend its investigation of French group Vivendi’s purchase of a stake in BSkyB. The arrival of late information had led to a lengthening of the probe which is now due for completion on 24 March.The proposed acquisition of a stake in the British broadcaster was… Continue reading Competition Commission Extends BSkyB/Vivendi Investigation
Scottish Media Group climbed 15˝p to £12.47˝ after reporting pre-tax reports of £50 million in its annual results. The group also announced plans to spend £10 million on its web strategy over the next 18 months (see Scottish Media To Spend £10m On Web Plans).SMG’s major shareholder, Flextech, slumped however, with shares falling 168p to… Continue reading Sharewatch
The chief executive of British Sky Broadcasting, Tony Ball, issued a statement today on the Government’s decision not to proceed with a digital poll tax (see BBC Digital Licence Fee Plans Rejected). He welcomed the news but called for greater scrutiny of the Corporation’s operations.“This is still a huge pay day for the BBC. Despite… Continue reading BSkyB Welcomes Digital Licence Fee Decision
The government has rejected plans for the introduction of an extra charge to the licence fee to fund the BBC’s digital television plans, but has announced instead an across the board £3 increase to the licence fee.From 1 April the current television licence will rise to £104 which is equal to an increase of 1.5%… Continue reading BBC Digital Licence Fee Plans Rejected
Scottish Media Group has become the latest company to unveil its internet strategy when it announced plans today to spend £10 million on the web. Reporting its year-end results today the group, which owns Grampian TV and the Glasgow Herald, said that the money will be spent increasing its online presence over the next 18… Continue reading Scottish Media To Spend £10m On Web Plans
