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
The UK telecommunications watchdog, OFTEL, has decided not to change the current telephone pricing system which has enabled the rapid growth in free internet access services over the recent months. In a long-awaited consultation (see OFTEL Consultations To Examine ISP Phone Pricing), OFTEL today said that it will not alter the revenue pricing system of… Continue reading OFTEL Decision Safeguards Free Net Access For 2˝ Years
The Pearson Group, publisher of the Financial Times, today released its results for the year ended 31 December 1998, recording a 19% leap in operating profit, which rose to £389 million during 1998. Adjusted earnings per share climbed 20% to 42p.Pearson acquired US publishing group Simon & Schuster from Viacom for $4.6 billion (£2.8 billion)… Continue reading Pearson’s Overseas Interests Boost Profit
Talk Radio is to launch a promotion for its new breakfast show using scratch cards in the Sun, the Mirror and the Daily Record. The new show, the Big Boys Breakfast, starts next Monday, 15 March (see Newsline).The promotion also begins next week, and runs for a fortnight. It will be backed up by a… Continue reading Talk Radio In Breakfast Prize Giveaway
IPC Magazines has appointed Chris Arrowsmith as marketing and promotions manager for Loaded, Uploaded and the six-monthly spin-off, Loaded Fashion. He has been at the publisher since 1996, previously working on Country Life and the equestrian titles.“This new role will help me concentrate my efforts on Loaded and associated brand extensions including Uploaded, Loaded Fashion,… Continue reading New Marketing Manager For Loaded
The Chancellor rose at 3:30pm.Inflation forecast to be 2.5% this year, next and the year after.The growth estimate for 1999 of 1% to 1.5% will grow to up to 2.75% in 2000 and between 2.75% and 3.25% in 2001.Current surplus forecast for 1999 is £2 billion.Public sector borrowing surplus is £1 billion.In the next five… Continue reading Budget Line – The Chancellor’s Speech As It Unfolds
Emap has appointed two UK directors to head up its its recently acquired US operation, Emap Petersen (see Newsline). Tom Moloney has been named Emap Petersen’s president and chief operating officer. He is currently chief executive of Emap Consumer Magazines. John Baillie, currently Emap’s director of finance and treasury, will be chief financial officer.Emap announced… Continue reading Emap Sends UK Staff Out To US Interests
More Group, the outdoor advertising arm of Clear Channel Communications (see Newsline), is to expand to India. The formation of More Group India is a joint venture between the More Group, Ogilvy & Mather and the Bombay based outdoor company Aaren.The early focus of the venture will be on India’s top-ten cities, and will develop… Continue reading More Group Expands To India
