Rupert Murdoch has made a bid for Silvio Berlusconi’s publishing and television empire.He has offered slightly under £1.4bn for 51 per cent of Berlusconi’s three television stations and Publitalia, the advertising arm of his Fininvest group. Fedele Confalonieri, chairman of Fininvest and the manager most directly involved in the Murdoch bid, made it clear he… Continue reading Murdoch In Berlusconi Media Bid
Lord Blakenham, chairman of Pearson, has told the annual meeting that profits would be boosted by £25m of accumulated interest payments arising from its investment in BSkyB.However, the closure of the East India Dock printing facility has written off £29m. Lord Blakenham also warned that high paper prices would continue to have an impact on… Continue reading Pearson In BskyB Profits Boost
This Wednesday saw the advertising and programming launch of SelecTV, the new national entertainment cable channel which begins on 1st June, broadcasting from 5:00pm till midnight weekdays and from midday to midnight during the weekend.Alan McKeown, the chief executive of SelecTV, presented a preview of the programming schedule which includes Lovejoy, Birds Of A Feather… Continue reading SelecTV Programming Launch
May 10th saw the first issue of Muzik, a dance music magazine covering House, Techno, Jungle, Garage, Hip Hop, Ambient and Soul genres. The first issue features on DJs, venues, and DJ groupies. Among regular articles are: News, readers letters, club guides, charts, album and single reviews. It has a coverprice of £2.20 (but the… Continue reading Muzik – First Issue Review
Rupert Murdoch, chairman of News Corporation, publicly rebuked the editor of the News of the World, Piers Morgan for the invasion of privacy and treatment of Countess Spencer.The reprimand came after the Press Complaints Commission found Mr Morgan guilty of a serious breach of its code of conduct. The newspaper had published an article and… Continue reading Tabloid Editor Reprimanded By Murdoch
TeleWest Communications, the cable television provider and telephony services floated last November have announced a jump in reported sales from £14.9m to £26.4m up 78%, for the three months to March 31.TeleWest share price rose 4p to 155p and capital expenditure stood at £62.7m (£38.1m) for the quarter. Pre-tax losses for the quarter grew to… Continue reading Telewest Sales Up
The latest Average Issue Readership estimates for the 6 months from October to March 1995 show that the controversy over Sky’s high readership figures seemed justified. The male interest title, which has had a readership second only to Readers Digest, of well over 2.5 million, had its prompt card changed by NRS in October to… Continue reading Sky Loses Over One Million Readers
Regional Publishers Adscene, have moved sales responsibility for all their titles to saleshouse Mediaforce. Adscene’s Kent and Lincolnshire Standard groups had been sold by Mediaforce for 9 years until the last year when Amra took over.Mediaforce will again have responsibility for Adscene’s Kent and Lincolnshire Standard groups; sales for Four Counties Newspapers, the Scunthorpe Star… Continue reading Amra Loses Adscene To Mediaforce
Rupert Murdoch’s News Corporation and MCI, Americas second largest telephone company, have signed a $2.4bn deal to create a global entertainment and information joint venture.MCI, in which British Telecom holds a 20% stake, will invest up to $2bn to aquire a 13.5% voting stake in News Corporation. Seperately MCI, and News Corporation will invest $200m… Continue reading Murdoch In $2.4bn Telecom Link
A new media ownership policy setting a limit of 15% on the total share of the marketplace for any one owner has been created by senior ministers, according to the Independent today. A Green Paper will be published early next month setting the new limit which will cap Rupert Murdoch’s media empire in Britain, but… Continue reading New Media Ownership Rules
