Cable & Wireless continued to make gains after selling its controlling stake in Hong Kong Telecom. Prices closed up 68˝p to a best-ever £14.86 as bid rumours circulated.Shares in broadcaster BSkyB climbed 92p to £18.35˝ as the group announced a net deal with Tottenham Hotspurs (see BSkyB And Spurs Sign Net Deal).The closing prices of… Continue reading Sharewatch
The UK’s first national sports station, TalkSport, has signed its biggest sponsorship deals to date. Nationwide Building Society and interactive betting service Blue Square have been signed up to the station, which launched in January (see Talk To Launch UK’s First Sport Station).In a £300,000 deal Nationwide, official sponsor of the England football team, will… Continue reading TalkSport Signs Up Sponsors
The Office of Fair Trading has issued the terms of reference for its review into BSkyB’s position in the pay-TV market. The inquiry was announced in January to ensure that regulation of the broadcaster remains appropriate to the changing marketplace, and that effective competition within the industry is protected (see OFT To Review BSkyB’s Position… Continue reading OFT Issues Terms For Inquiry Into Dominance Of BSkyB
Reuters was one of the strongest performers on the FTSE yesterday with brokers recommendations from Goldman Sachs and Merrill pushing the stock. Shares closed up 123˝p at £14.92˝p.Cable & Wireless bounced back to a highest ever £14.17˝p, an increase of 102˝p, as the market recognised the value of the disposal of its stake in Hong… Continue reading Sharewatch
NME.com will broadcast its first WebTV show today, becoming the first UK online music site to deliver masthead programming on the internet. Highlights from the NME Premier awards event earlier this year will be available on demand from midday as the site unveils its plans for TV and radio net-based shows.An internet radio channel, Music… Continue reading NME.com Broadcasts First WebTV Show
Guardian Unlimited has announced the launch of its tenth website. Money Unlimited is a personal finance site which will draw on the Guardian Group’s print supplements Jobs and Money and Cash to provide online advice and information on financial topics.It aims to be a comprehensive site targeting both users who want general advice and those… Continue reading Guardian Unlimited Launches Personal Finance Site
Advertising group Grey London put its name to good use last month when it became the first major agency in the UK to target the over 50’s. Launching an offshoot dedicated to the older sector, its chief executive Steve Blamer commented on the potential of this untapped market by saying: “The opportunity has been created… Continue reading Feature: Grey Is The New Black As Advertisers Take On The Oldies
The Independent Television Commission (ITC) has published a consultation paper on the regulation of interactive services. After a period of discussion with broadcasters and interested parties, it has identified the main issues in the emerging technology.The regulatory body has decided not to introduce a new code but to amend current guidelines as appropriate. The main… Continue reading ITC Consultation Sets Out Guidelines For Interactive Services
Optimedia has been appointed by Associated New Media to handle an advertising push for its websites ThisisMoney and ThisisLondon. Regional Independent Media plans to provide daily news updates from the Yorkshire Evening News via WAP-enabled mobile phones, making it the first regional to deliver content in this way. The History Channel has secured carriage with… Continue reading Newsline Brief
Shares in Cable & Wireless fell as the group announced plans to sell its controlling stake in Hongkong Telecom to Pacific Century Cyberworks. Prices closed down 30˝p to £13.15.Information group Reuters was one of the best performers with stock climbing 63p to £13.69.Media group Granada climbed almost 7% as plans for consolidation within the ITV… Continue reading Sharewatch
