The Radio Authority has announced details of the applicants for the Independent Local Radio Licence for South Wales after the deadline for applications passed yesterday. Seven applications have been submitted for the licence which covers Cardiff, Newport and Swansea and surrounding areas.The most highly publicised application is that of The Radio Corporation with its station… Continue reading Seven Applicants Bid For South Wales Licence
Satellite broadcaster BSkyB was yesterday forced to reduce its stake in Manchester United from 11.1 to 9.9% in order to comply with Premier League rules. The group’s acquisition of a 9.9% stake in Leeds Sporting, the parent company of Leeds United, in August this year (see BSkyB Takes £13.8m Stake In Leeds United), broke League… Continue reading BSkyB Reduces Stake In Manchester United
A 6.2% increase in the ITV ad revenue gained through Granada Media Sales has helped media and leisure company Granada to post an increase in pre-tax profit of 14% for the year ended 25 September 1999.This pre-tax profit of £835 million does not include the costs incurred by setting up digital terrestrial television service, ONdigital.… Continue reading ITV Ad Revenue Helps Granada Profits
Granada chairman, Gerry Robinson, has effectively ruled out the possibility of his company making a takeover bid for Scottish Media Group if the latter completes a buy-out of Ginger Media. Unveiling Granada’s annual financial results this morning, Robinson is quoted on the BBC News website as saying he would be “strongly against” buying an SMG/Ginger… Continue reading Granada Would Not Buy Scottish Media/Ginger Company, Says Chairman
Publisher United News & Media rose 37˝p to 703˝p as Deutsche Bank boosted the stock and highlighted the internet potential of the company.Granada climbed 8˝p to 560˝p as the media and hospitality group prepares to announce its year-end results today.Shares in Scottish Media Group fell as speculation surrounded the group over its reported bid for… Continue reading Sharewatch
The internet and e-commerce division of Flextech has agreed to buy a 77.5% stake in rock and pop ticketing agency Way Ahead. The deal, worth £7.2 million, will complete the groups online entertainment guide, SceneOne, by allowing visitors to buy tickets to advertised events immediately.The pay-TV group has been developing its SceneOne brand in recent… Continue reading Flextech Interactive Buys Ticket Agency
Chrysalis Radio has turned in an annual profit of £0.7 million for the 12 months ended 31 August 1999, according to the Chrysalis Group’s final results released today. The radio division’s profits were hit by the start-up costs of the new Galaxy 105-106 North East station, which launched in June this year, but were still… Continue reading Chrysalis Radio Moves Into The Black
Fashion title Scene is to close and reopen next year in electronic form. Published by Get Seen Magazines, its December edition will be its last print one.In March 2000 the magazine will relaunch as “the world’s finest interactive fashion and lifestyle experience on the web” according to publisher and director of the group Tony Franks.… Continue reading Scene Becomes Electronic As Magazine Closes
The Ginger Media Group has drawn up a shortlist of potential buyers for the sale of all or part of the company. Four bidders have emerged including Scottish Media Group (SMG), Clear Channel and French radio group NRG. Each of the bids is similar in value, averaging between £225 million and £235 million. Scottish Media… Continue reading Ginger Media Group Draws Up Suitors Shortlist
Shares in Southnews rose 16˝p as the regional publisher reported good interim results (see Southnews Announces 5% Profit). Prices closed at 615p.Reuters also climbed as chief executive Peter Job bought shares in the information group, boosting the stock which closed up 26p at 697p.Radio group Chrysalis rose 2˝p as its prepares to announce its year-end… Continue reading Sharewatch
