Cordiant has today announced details of its promised rights issue, which will raise £126.6 million. Shareholders are being offered a one for one rights issue at 60p per share. The proceeds will go towards reducing the Group’s borrowings, which are over £220 million.The company has also announced new banking facilities worth £163 million, which are… Continue reading Cordiant Announces Rights Issue To Raise £127m
Classic FM and Sainsbury’s are launching a joint initiative on Monday 13th November of a range of seven classical CDs. It is the first time that a collection of classical recordings has been specifically created for a multiple retail grocery outlet.Lynne Woolmer, Marketing Director of independent record label ISIS records who developed the idea, said… Continue reading Classic FM/Sainsburys Make Music
NBC and Anheuser-Busch have announced a four-year multi-million dollar sponsorship of a variety of sports and entertainment programming on NBC’s international programmes.The Anheuser-Busch agreement includes airtime in all of NBC’s current international properties, including “The Tonight Show with Jay Leno”, NBC Super Channel’s “Talking Blues”, golf, baseball and other American sports. Anheuser-Busch is the world’s… Continue reading NBC And Anheuser-Busch Sign Major Global Media Agreement
Media Ventures International has taken complete control of Talk Radio UK. Talk Radio UK’s other shareholders have decided to sell out to MVI less than 9 months after the station’s launch.MVI has bought out the 24.5% stakes each held by Emmis Broadcasting and CanWest Global Communications, and the 11.5% held by Hambros, in a deal… Continue reading Media Ventures Buys Out Partners In Talk Radio
The Church Commissioners are to sell £2 million worth of shares in BSkyB because of the launch of Playboy TV, the new channel in which BSkyB has a stake together with Flextech and Playboy.The Church Commission has said it does not wish to benefit from that type of broadcasting. A spokesperson for BSkyB said, “Our… Continue reading Church Sells BSkyB Shares In Playboy Protest
The ITC has said it is unlikely to alter its guidelines on the use of nudity in television advertising following research it has commissioned into the subject.The research showed that whilst there is some room for experimentation in advertising, advertisers will have to continue to exercise caution. Viewers did not object to female bottoms, although… Continue reading Female Bottoms Acceptable – ITC Report
Don Cruickshank, the Director General of Oftel, said last night on BBC Radio 5 that the Labour Party’s plan to get BT to build a national information superhighway would create an unnecessary monopoly.He said he believed in the aim of linking schools to the superhighway, but that schools should have a choice, and should not… Continue reading Oftel Criticises Labour BT Plan
ITV has today revealed the findings of its sponsorship research that have been carried out by Millward Brown. The research was the first ever on-going systematic assessment and evaluation of sponsorship deals within the UK, and was based on 21 UK sponsorship deals beginning in April 1995. The research was compiled using Computer Aided Telephone… Continue reading Evaluation Of TV Sponsorship
Tom Hunter, managing director of Scot FM has announced his resignation. In the meantime his position at the central Scotland radio station will be filled by Grampian Television’s Director of Television Bob Christie, currently a non- executive director of Scot FM.
Sir Nicholas Lloyd, editor of the Daily Express has resigned, and will work until the end of November. He commented, “I have enjoyed the privilege of editing the Daily Express for almost ten years. It’s been great fun but now I feel that the time has come to seek a new and different challenge.”In the… Continue reading Express Editor Leaves
