More than £15 billion was wiped off the value of shares today as the stock market went into freefall on fears of a Russian economic meltdown.Within minutes of opening the FTSE-100 index of leading shares dropped down 90.5 points but it later recovered slightly to stand 81.6 points down at 5380.6.Traders bailed out of key… Continue reading FTSE-100 Loses Billions Over Fears Of Russian Economic Crisis
The Financial Times has appointed Gordon Willoughby as its new UK sales and marketing director. He joins the FT from United Distillers where he was global brands director.…BSkyB has appointed Paul Taylor as its commercial director of movies and pay-per-view. He was formerly ad sales director for the broadcaster’s UK Gold and Living channels.Financial Times:… Continue reading Appointment Briefs
Live TV , the Mirror Group cable channel, is cutting back on its sex content in an attempt to move more upmarket, said a spokesperson for the channel today. Perhaps best known for The Sex Show and Topless Darts, the channel is undergoing a facelift and plans to reveal its new look on 7 September.The… Continue reading Live TV To Go Celibate?
Channel 4 is currently in negotiations with several advertisers with the intention of forming a long-term commercial partnership with its new subscription film channel, Film Four, which is to be carried on the new digital services (see Newsline).Channel Four’s head of sponsorship, David Charlesworth, could not divulge who the prospective partners might be, but said… Continue reading Channel 4 Seeks Partner For Film Channel
The Radio Authority (RA) has received applications for the small-scale independent local radio (ILR) licence for Telford from the following groups: Telford FM (Keith Parker, 01952 242 424): a lively service of local news, information, music and entertainment, dedicated to the specific needs of Telford and the immediate surrounding area. TF1 (Kathryn Foster, 01952 433… Continue reading Radio Authority Receives Applications For Telford Licence
Global communications group WPP has increased its stake in Tempus from 13.7% to 14.7% with the acquisition of 673,105 ordinary shares.Tempus previously operated as the CIA Group but rebranded as Tempus in May in order to avoid confusion between it and the group’s core operational brand CIA Medianetwork (see CIA Group To Rebrand As Tempus).WPP:… Continue reading WPP Increases Stake In Tempus
Petrolhead, the men’s lifestyle/motoring magazine which launched in February (see Newsline) has closed. The owners, Mediahead Ltd, have begun liquidation proceedings.The magazine is rumoured to owe in the region of £250,000 and a meeting is to be held on the 24th August between all the creditors. David Rubin & Company, the accountants and licensed insolvency… Continue reading Petrolhead Magazine Runs Out Of Gas
The Premier League has completed its sponsorship line-up for the 1998/99 football season. Visa and Swatch have just secured deals with the FA to become executive and second-tier sponsors respectively.The FA said recently that it wished to clear the ‘clutter’ of advertisers by having only five major sponsors that will have their logos on perimeter… Continue reading Visa And Swatch Join Premiership Sponsors
Preparations for the launch of its digital satellite service on 1 October have seen annual profits at BSkyB fall by 13.6%. The satellite broadcaster’s increased spend on marketing and sports, along with investment in research and technology, has seen pre-tax profits at the company fall from £313.7 million last year to £270.9 million for the… Continue reading Digital Spend Hits BSkyB Profits
WPP, the worldwide communications service group, is to sponsor London’s first Arts College for the Media Arts. WPP’s 3 year committment to the project is part of the Government’s new schools initiative to make learning more relevant to the skills of future employers.WPP is also launching a post-production company, called ‘The Farm Post Production’ which… Continue reading WPP Group Invest In The Future
