The 25th March issue of the Mirror (Saturday) saw a reduction of its coverprice of 27p to 10p, sparking a new price war. The cut price and extra copies published were designed to take advantage of a shortage of newsprint at News International which has led to a reduction in supplies of newspapers to newsagents… Continue reading Mirror Cuts Cover Price
The Japanese electronics company Sony has put in a bid of £200m for MGM’s UK chain of cinemas. A rival offer from a consortium led by Richard Bransons Virgin group was £50m lower.MGM is currently owned by the French Bank, Credit Lyonnais which recently announced a loss of £1.5bn last year.MGM was put up for… Continue reading Sony Bids For MGM Cinemas
… Southbank Publishing Group has announced the appointment of Anne-Marie Ffitch as ad manager for Homes and Gardens. Anne-Marie moves from Options where she was ad manager for three years, and replaces Jean Thorpe, who remains within the Home Interest Group as client sales manager.… Clare Rush, currently senior sales executive, will replace Anne-Marie as… Continue reading Magazine Ad Appointments
The Telegraph, publisher of the Daily Telegraph, Sunday Telegraph and Spectator, has sold its holding of 1.21m ordinary shares in Carlton Communications. The sale price was £10.9m, with the Telegraph making a pre-tax profit of £7.54m.The Telegraph acquired the stake in September 1994, when it exchanged its 5% holding in Carlton Television and outstanding loan… Continue reading Telegraph Sells Stake In Carlton
Yorkshire Tyne Tees Television is suffering a split between top management and directors over differences in how the company should be run. John Fairley, managing director of Yorkshire TV has submitted his resignation. Fairley is believed to have submitted a proposal to the board calling for more executives to be directly involved with running the… Continue reading YTTV Row – MD To Leave
A row broke out yesterday between Sky Television and Channel 4 over funding of the British Film Industry. Speaking at the launch of a season of British films on the Movie Channel and Sky Movies, David Elstein, director of programming at Sky accused Michael Grade of an ‘abuse of public position’ after he said Channel… Continue reading Sky/Channel 4 Film Row
Philips is understood to be teaming up with Associated Newspapers and Virgin in a consortium to bid for the Channel 5 licence. Philips, a dutch-based company, will bring both technical expertise and a large volume of programming. PolyGram, a Philips subsidiary, recently bought the back catalogue of distributor ITC, which includes vintage shows such as… Continue reading Philips In C5 Bid
United Newspapers, owners of Express Newspapers, have this morning released results for the year to December 31. Pre-tax profits for the group were up by £0.28 million, to £138.023 million.Operating profit breakdown shows the regional papers and magazines reporting an increase in profits compared to last year; the national newspaper division however, reported a decrease.… Continue reading United Newspapers Profits Up Slightly
National Lottery scratch cards are now back on sale following the computer problems which followed their launch on Tuesday. Camelot were told by Oflot that they had to take out ads in today’s newspapers apologising and explaining to customers.
The European Commission yesterday tightened European broadcasting legislation to force television channels to broadcast more European programmes. The revised directive, which will be put to a council meeting early in April, would mean that European broadcasters, including privately-owned satellite channels, will have to ensure that at least 51% of their programmes are produced in the… Continue reading Tough New European Broadcasting Regulations
