Cable & Wireless today demonstrated the benefits of consolidation within the cable industry when it posted pre-tax profits of £151 million for the year ended 31 March 1998, up 110% year on year. Total revenue increased by 12% to £2.283 billion.Referring to the merger (see Cable Companies Merge) between Cable & Wireless, Nynex Cablecomms, Mercury… Continue reading Pre-Tax Profits Rise 110% At C&W
John Mulholland, currently media editor of the Guardian, has been appointed editor of the Sporting Life , the Mirror Group has announced.The 139-year old title, which publishes its final edition as a racing paper tomorrow, will be redesigned and relaunched as an all-sports daily, reappearing at the beginning of October. Its horse racing identity is… Continue reading New Editor For Sporting Life
Advertising revenue for commercial radio in quarter 1 1998 reached £88.811 million, up 14.8% year on year, according to the Radio Advertising Bureau. Of this figure, local revenue came in at £37.089m while national reached £51.722m.Advertisers using radio for the first time in Q1 included Marmite and certain divisions of BT.Newsline reports on Q1 RAJAR… Continue reading Q1 Radio Revenue Reaches £88.811m
NRS has announced that the release date for Quarter 1 1998 on-line data has been postponed until Wednesday 13 May. This is in order for the data bureaux to “thoroughly check the data.”NRS apologises for any inconvenience this may cause.NRS: 0171 379 0344
Cordiant Communications Group has appointed Stuart Howard as deputy finance director and treasurer. The post became effective at the beginning of the month.Howard was previously international treasurer at WPP.Cordiant Communications: 0171 262 4343
British Digital Broadcasting has announced that it is on track to launch in the last quarter of this year. It expects to break even at just under 2 million subscribers and will make profits of more than £100m with 3 million subscribers. Profits will rise to over £250m with 5 million subscribers.Michael Green, chairman of… Continue reading BDB On Target For Launch
Monday Cable & Wireless Communications releases final year financial results.Tuesday A Newsline interview with Richard Park, director of programming at Capital Radio, will be available. We will be looking at his thoughts on the acquisition of Xfm plus the performance of Capital’s London stations in the last set of RAJAR figures.The last issue of Sporting… Continue reading The Week Ahead
The British public are more likely to actively avoid TV advertising in the digital age, according to Futurescope research conducted by Western International Media.The survey reveals that the ad avoidance habit is increasing across all main media (up 4% on 1996 for newspapers, up 5% for radio, up 7% for TV, up 11% for magazines,… Continue reading Viewers Likely To Dodge Ads In Digital TV Future, Survey Finds
Emap National Publications has announced that it will be closing its Performance Car magazine and merging it into sister-magazine Car .The July issue will be Performance Car‘s last. The magazine’s ABC has dropped from a high of 67,000 in 1987 to just over 36,000 in 1997. Car, meanwhile, has recently seen its circulation rise to… Continue reading Emap To Close Performance Car Magazine
Last night’s Media Research Group Evening Meeting heard David Brennan, vice president of research at Flextech, speak about the use of Electronic Programme Guides (EPGs) and how they will affect viewers’ TV habits in the future.Brennan believes that one of the main factors holding back the growth of cable and satellite channels is the difficulty… Continue reading MRG Evening Meeting – The Future of Television
