Following news this morning that Greg Dyke is to be the next director general of the BBC (see Newsline), Dyke has resigned from the Labour Party and pledged to uphold the Corporation’s reputation for independence.Commenting on the appointment this morning, he said: “I am absolutely delighted to be taking on the biggest and best job… Continue reading Dyke Pledges To Uphold BBC’s Independence
Newsquest’s share price soared up 32p to 455p yesterday following the announcement of a takeover bid by US publishing group Gannett (see Newsline).Pearson, which yesterday announced that it was off-loading its share in Lazards, also shot up 78p to 1328p (see Newsline).Emap, whose shares have fallen recently due to the announced ban on tobacco advertising,… Continue reading Sharewatch
ITN, the TV news production company, is understood to be in the process of planning a 24-hour UK rolling news service, which it hopes will bring the ITN brand forward over the next few years. ITN already has a 50% stake in EuroNews, the multilingual rolling news service, and it is thought that this could… Continue reading ITN Considers 24-Hour Rolling News Service
Pearson, international media group and publisher of the Financial Times, is selling its 50% interests in the French investment banker Lazards to investment company Gaz et Eaux, for £410 million. This ends an 80 year relationship between Pearson and Lazards.Lazards’ main activities are investment banking and asset management. Pearson intends to use proceeds from the… Continue reading Pearson Sells Lazards Stake For £410m
The Guardian Media Group (GMG), publisher of the Guardian and the Observer, has announced the appointment of John Myers as the new managing director of its radio division. Myers will be responsible for some expansion and further development within the radio sector, which will include applying for a number of new licences.GMG has radio interests… Continue reading Guardian Media Group Looks To Expansion In Radio
Regional newspaper publisher, Newsquest, has received a £904 million takeover offer from US publishing group Gannett, it has emerged this morning. The offer of 460p per share represents an 8.7% premium over Newsquest’s closing price yesterday of 423p.Newsquest, which publishes the Darlington Northern Echo and Bolton Evening News, amongst others, has described the offer as… Continue reading Newsquest Receives £904m US Takeover Offer
The Media Research Group (MRG) Evening Meeting, held at Leo Burnett earlier this week, addressed what is perhaps one of the most fundamental questions in the world of advertising: To what extent do people actually remember adverts and how can their recall be increased?To address these very questions GMTV commissioned Continental Research to conduct a… Continue reading MRG Evening Meeting – First Impressions – The GMTV Recall Study
IPC Connect, publisher of six women’s weekly magazines, has handed the £8 million creative advertising account to St Luke’s. The agency has a brief to relaunch the flagship titles Woman and Woman’s Own as well as promoting Chat, Now, Woman’s Realm and Woman’s Weekly.IPC is hoping the marketing push will help drive up circulation figures… Continue reading IPC Appoints St Luke’s To £8m Women’s Weeklies Push
The Advertising Association (AA) has published its annual Advertising Statistics Yearbook this week, showing that advertising spend rose to £14.3 billion during 1998 and accounted for its highest ever share of Gross Domestic Product (GDP).Press continues to attract the bulk of adspend, grabbing a 52% share. Expenditure on newspaper classified advertising increased by 5.6% during… Continue reading ‘Press Claims Bulk Of Adspend Share’ Says Advertising Association
Cable & Wireless Communications continued to rise yesterday after announcing the opening of a new call centre in Swansea. The group climbed 20˝p to 646˝p.Highbury House Communications, the publisher which yesterday announced the acquisition of Wyvern Crest, rose by žp to 26˝p (see Newsline).Regional newspaper group Newsquest fell 2˝p to 423p yesterday. It emerged this… Continue reading Sharewatch
