Granada’s takeover of LWT paid off financially in the 6-months to April, Granada have announced today, with pre-tax profits up by 50% to £154.5m. Granada television profits were £36.6m compared to £29.9m in the previous year and LWT’s profits were £35.3m.
The ITC has today officially warned Channel 4 over two editions of The Word, stating that stricter controls have to be exercised on the content of items in similar programmes in the future. This is the second occasion that the ITC has had to issue a formal warning to Channel 4; the first time was… Continue reading Channel 4 Warned By ITC Over The Word
London is to get a new weekly listings and information guide to directly challenge Time Out. London Eye, a weekly guide, will launch on September 1, with two pilot editions out on July 6 and August 3.London Eye, with a cover price of just 30p compared to Time Out’s £1.50 is hoping to take a… Continue reading Time Out Rival To Launch
Centaur Communications is to launch a new, weekly media title on the 15th June. With a initial print run of 1000, New Media Age is subscription only at £96 per annum.The magazine focuses on the latest issues concerning new media, and the editorial will include features on legislation, corporate and financial profiles, new technology and… Continue reading New Media Magazine
Chiltern Radio has today announced details of its objections to GWR’s £21.3m takeover bid. The board said that the offer seems designed for the benefit of Chiltern’s two largest shareholders, DMGT and Capital Radio, who hold 37%, and prejudices the smaller shareholders.The board said that an offer including a cash alternative is essential, and estimates… Continue reading Chiltern Radio – GWR Offer Prejudices Minority Shareholders
Greg Dyke, chairman and chief executive of Pearson TV, a partner in Channel 5 Broadcasting with the MAI group, described the auction of the C5 licence as a “disaster.”Speaking at a debate on Channel 5 at the National Film Theatre, Mr Dyke said, “It is no way to allocate a scarce television resource like a… Continue reading Dyke: Channel Five Auction Will Be A “Disaster”
The two largest shareholders in Metro Radio, the Newcastle based commercial radio operator, yesterday announced that they were selling their stakes. Capital owns 18.1% of Metro, and Chrysalis 19.5%. John Josephs, managing director of Metro said the company would prefer the 37.6% holding to go to as wide a range of institutions as possible.One likely… Continue reading Two Shareholders Sell Shares In Metro
A research study into consumer attitudes towards Sponsorship and Promotions on commercial radio has been commissioned by Media Sales and Marketing.A Media Sales and Marketing pilot study revealed that nearly all agencies and clients were keen to know more about consumers’ reactions to sponsorship and promotions on radio. Agencies in particular were interested to have… Continue reading Radio Sponsorship And Promo Research
John Fairley, former Yorkshire Television managing director has been appointed chief executive of the consortiium that put in the highest bid for Channel 5, UKTV.The UKTV consortium which was put together by CanWest, last week pledged to donate 1% of pre-tax profits if it were to win the licence. Donations would go to a charitable… Continue reading UKTV Appoints Chief Executive
June 1 saw the Radio Authority members meet and consider the Governments proposals on media ownership. The Authority welcomes the Government’s approach to, and in particular its recognition, of a continuing case for specific regulation governing media ownership. The Authority strongly supports the need to preserve diversity, while recognising the case for introducing greater flexibility… Continue reading Radio Authority Verdict On Ownership Proposals
