Advertising group Cordiant has announced pre-tax losses of £22.6 million for 1995, compared to profits of £32.4 million in 1994. Loss of clients totalled £40m in annual revenue, with Saatchi & Saatchi particularly hit by client defections in the first half of last year.Charlie Scott, Cordiant’s chairman, pointed out that although revenue had increased by… Continue reading Cordiant Losses Slide To £22m
The Radio Authority has made a formal complaint to the government regarding proposals in the Broadcasting Bill now before parliament which would allow a BBC-owned commercial radio station to exist.Although the BBC itself would not be able to run a commercial station the proposed clause would allow a BBC-owned station to broadcast. The Bill does… Continue reading Radio Authority In Broadcasting Bill Complaint
Reed Elsevier has today announced results for 1995; pre-tax profits were up 19% year on year to £732m. Operating profit of £828m was 25% ahead of 1994.Reed’s chairman, Ian Irvine, said that Reed’s divestment programme of their consumer publishing is now complete. (This included the sale of all Reed Regional titles). This sale has provided… Continue reading Reed Profits Up 19% To £732m
Key figures from the UK and global magazine publishing and advertising industries are to speak at Magazines ’96 – the seventh national conference, exhibition and awards for the magazine industry to be held in London on 7 May.Those speaking include Saatchi & Saatchi chairman Jennifer Laing, BMW (GB) managing director Tom Purves and Terry Mansfield… Continue reading Magazine Conference Announced
The Radio Authority has awarded the new Independent Local Radio licence for Great Yarmouth & Lowestoft to East Coast Radio. The licence will cover Great Yarmouth and the surrounding area with around 130,000 adults able to receive the new service.East Coast Radio, Po Box 103.4, Lowestoft, Suffolk NR32 2TL.Contact John Hammond Tel: 01502 716800Contact John… Continue reading New Radio Licence Awarded
The ITC has announced that it has received two applications to run the cable delivery franchise for the Mid Sussex district of East Grinstead, comprising 42,000 homes.The applicants are Convergence Ltd, a subsidiary of European Broadband Systems, and Eurobell Ltd, a subsidiary of Eurobell (Holdings) plc. Convergence proposes to offer service to 30,300 homes by… Continue reading Applications For New Cable Franchise
Westcountry Television has announced that it is looking for sponsors for its one-hour weekday news programme, Westcountry Live. This is the first time a regional news programme will have sponsorship credits.Following extensive consultation with the ITC Westcountry Live will offer sponsorship for feature sections in the programme, which has a primetime slot of 6-7pm.Caroline McDevitt,… Continue reading First Regional News Sponsorship
UKPG will go through a major overhaul before its next issue. It will appear in a larger A3 format, will be renamed Press Gazette and will be published on Fridays.The redesigned title will appear on 22 March. The move comes as Media Week changes its format to A3 this week (Newsline 21/02).
Yorkshire TV’s 1995 financial figures show an increase in pre-tax profits from £13.0 million to £21.6 million. In a statement which indicates recognition that a takeover bid for YTTV is likely in the near future Ward Thomas, the company’s chairman, said that he was ‘looking closely at the opportunities’ which a takeover bid may offer… Continue reading Yorkshire TV Profits Soar
According to weekend press reports, both the Mirror Group and Observer are on bid alert.It is rumoured that Mohamed Al-Fayed has offered £17.5m to buy the Observer. It is believed Al-Fayed wants the Observer as the flagship title of a publishing empire he is launching, which will include the re-birth of the deceased Punch magazine.… Continue reading Newspaper Takeover Rumours
