The media group Pearson has announced that it is cutting 520 jobs at its regional newspaper group, Westminster Press. Pearson, who employ 11,000 in the UK said the cuts were part of a management overhaul. The job losses will hit mostly administrative and managment positions.
Richard Branson’s leisure group, Virgin, has acquired MGM, the UK’s largest cinema chain from Credit Lyonnais in a deal worth more than £190m.Virgin said they plan to invest “tens of millions of pounds” over the next few years in upgrading the existing 116 cinemas. The new chain will be called Virgin Cinemas, and is expected… Continue reading Virgin Acquisition Of MGM Cinemas
Barbara Moyses has announced it is to go into partnership with Feather Brooksbank, following the decision not to join CIA’s new Scottish venture, Morgan CIA..With the addition of the £7m billed by Barbara Moyses, Feather Brooksbank has now consolidated its position as the largest media specialist in Scotland, and following new business gains from ANC… Continue reading Barbara Moyses Joins With Feather Brooksbank
Allied Radio, which operates licences in the south east and in Greater Manchester, has cut interim pre-tax losses from £364,000 to £279,000.The deficit for the six months to March 31 was after charging start up losses for Fortune 1458 AM of £568,000 and crediting a profit on the sale of its interest in Country 1035AM… Continue reading Allied Radio Results
The shirts sponsors for the 1995/6 season of the Premier League have been announced. There are at least three changes from last season, Newcastle United who were sponsored by McEwans last season are now sponsored by Newcastle Breweries; Southampton, sponsored last season by Dimplex are now sponsored by Sanderson Electronics (they are still the sponsors… Continue reading Premier League Shirt Sponsors
Media Sales and Marketing, the radio sales house, has been appointed by KFM, the new Kent based radio station which launches on 8 July 1995.KFM will launch on 96.2 FM from a transmitter close to Tunbridge Wells, with studios in Tonbridge. KFM will have a service area stretching from Westerham and Borough Green in the… Continue reading MSM To Launch Sales For New Station, KFM
In a trading statement released yesterday, Rank Organisation announced that turnover in its film and television division was up by twice the rate of inflation. However, admissions to the company’s Odeon cinemas fell by 11%, blamed on the abscence of any blockbuster films. Odeon’s fortunes seem to mirror those of cinema as a whole with… Continue reading Odeon Cinema Admissions Fall By 11%
The price of the Times will rise by 5p next Monday 3rd July, to 25p, it was announced last night. This is still 20p below the pre-price war level of 45p.The new price, 25p on weekdays and 35p on Saturday follows a rise in newsprint costs of 50% in the first six months of this… Continue reading Times Price Increase – June Circ Of 680,000
The eleventh AIRC congress lunch took place yesterday at the Connaught Rooms in London. It was addressed by the Secretary of State for National Heritage, the Rt. Hon, Stephen Dorrell, MP.Mr Dorrell began the speech commenting on how personalities had changed in such a short period of time within the radio industry and how it… Continue reading AIRC Congress Lunch – Stephen Dorrell Speaker
BT has announced the companies who are to advertise on its interactive trial; these include Halifax, Pepsi, Nescafe Gold Blend, Tango and Apple Computers. There are also many backers of the trial; these include WHSmith, Selfridges, Nintendo and the BBC. Recruited customers will be able to access the interactive advertisements through the “Adland” section of… Continue reading BT Interactive Advertisers
