Pearson suffered an 85p drop in its share price, falling to 1,337p. This follows a fairly positive set of financial results released yesterday, which reported a 19% leap in operating profit (see Newsline). By 10:30am today, the group’s price had fallen a further 13p to 1,324p.Carlton Communications, on the other hand, saw a 7˝p rise… Continue reading Sharewatch
The Radio Authority this week advertises the local digital radio multiplex licence for South Yorkshire. This is the fifth licence of its sort to be advertised by the RA which is releasing the ads at the rate of one per month. Licences for Birmingham, Manchester, Greater London and Glasgow have already by advertised (see RA… Continue reading Radio Authority Advertises South Yorkshire Digital Multiplex
The Prime Minister Tony Blair and Chancellor Gordon Brown are to give a joint live interview this morning on Talk Radio, from 9am onwards. This marks the first time in broadcast history that the Prime Minister and the Chancellor have shared a studio to take calls and questions direct from the public. BBC News Online… Continue reading Newsline Brief
Bob Seelert, chief executive of global ad agency Saatchi & Saatchi, today set the company a target of achieving a 25% earnings per share growth (EPS) during 1999. The agency also posted a 30.6% rise in pre tax profits and EPS up by 28.8% to 8.5p for the year ended 31 December 1998.So far this… Continue reading Saatchi & Saatchi Chief Sets 25% EPS Growth Target For 1999
Regional publisher Northcliffe Newspapers has developed online shopping facilities for its This Is… network of sites through a deal with multimedia retailer Internet Movie and Video Shop (iMVS). Visitors to one of the nine current Northcliffe regional This Is… websites will be able to purchase CDs and videos with a 10% discount until 31 March.Northcliffe… Continue reading Northcliffe Drives Online Shopping Via ‘This Is…’ Sites
The Advertising Standards Authority (ASA) fielded complaints against Emap Metro’s ad for its Kerrang! publication in Playstation Plus magazine. The watchdog supported the complaints for the ad, which showed four words spelt out in British sign language with a reference key at the bottom to translate the letters. The sentence transpired to read ‘Turn it… Continue reading Advertising Watchdog Clamps Down On Emap Ad
Carlton Communications today has announced the acquisition of Bob Geldof’s production company, Planet 24. The deal is estimated to be worth around £15 million.Carlton’s other television businesses include Carlton Television and Action Time, and the group also owns the ITV franchises Central and West Country and 20% of GMTV, as well as having a 50%… Continue reading Carlton Acquires Planet 24
Advertising agency Cordiant Communications, which demerged from Saatchi & Saatchi just over a year ago (see Cordiant Confirms Demerger Plans), has today posted a strong set of financial results in the face of growing takeover rumours.Pre-tax profits at the group were up by 20% to £25.9 million for the year ended 31 December 1998; earnings… Continue reading Cordiant Stifles Takeover Rumours With Strong Results
On Monday evening this week ITV unveiled its new evening schedule replacing over 30 years of the News at Ten. According to unofficial overnight figures, the new ITV Evening News, at 6:30pm, slightly outperformed the previous Monday’s edition of News at Ten. The first, brightly-coloured ITV Evening News had an audience figure of 7.2 million,… Continue reading First ITV Evening News Gains 7.2m Viewers
Granada showed a substantial rise in its share price of 47p to 1293˝p yesterday. Granada Television owns a number of franchises in the ITV Network, which this week launched its new schedule after the removal of its News At Ten bulletin (see Newsline).BSkyB’s shares rose 18źp yesterday to 560źp. It emerged this week that the… Continue reading Sharewatch
