The Bank of England has increased its base rate by 0.5%; it now stands at 6.25%.The rise comes after Chancellor Kenneth Clarke’s monthly meeting with the Governor of the Bank of England. The base rate rise was in line with the policy of keeping inflation down, said Clarke; and he saw no reason to delay… Continue reading Base Rates Increased By 0.5%
Carlton Communications has this morning released results for the year ending September 30. Pre-tax profits were up 50.9% from £126.06m last year to £190.23m this year. Chairman Michael Green said “1994 was a year when we increased our investment in TV”.Carlton’s shares were up 21p this morning to 873.
IPC Magazines was named International Major Publisher of the Year at the International Press Awards held in London last night. IPC also won Best International Magazine Brand for Marie Claire, and jointly won the Best International Consumer Magazine for Marie Claire alongside Germany’s Fit For Fun. Marie Claire also won Best International Advertising Campaign for… Continue reading IPC Wins International Press Awards
Border Television has also released results this morning. Interim pre-tax profits were up 5.9% to £849,000, compared to £802,000 for the same period last year.
Saatchi & Saatchi anounced yesterday that it is to open Zenith Media USA, following months of rumour and speculation. Saatchis claim this is “An important step in the development of the world’s first global media buying agency, Zenith Media Worldwide.”Zenith Media USA, which will begin operations in January 1995 will operate through headquarters in New… Continue reading Zenith Launched In US
IPC has today announced that it is to close its women’s weekly magazine, Me. The last issue to be published will be cover-dated January 11, 1995. IPC Weeklies Group managing director, Nigel Davidson, said “Sales of Me have not responded to a long-term intensive programme of editorial development. Me is a magazine of the 80’s… Continue reading Its The End For Me
Yesterday the Government gave conditional consent for the Daily Mail and General Trust to acquire T Bailey Forman, publisher of the Nottingham Post. This follows the MMC ruling in October that the deal was against the public interest.In order to be able to go ahead with the acquisition DMGT has to agree to a number… Continue reading Consent Given For Nottingham Post Takeover
Northern Ireland Electricity, yesterday announcing results, said it may join a cable television consortium to serve the Northern Ireland area. The regional electricity company is talking with potential partners. Bids have to be submitted by 23 January 1995; the franchise covers 570,000 homes.Gordon Woodworth, finance director, said NIE would need partners with operational expertise in… Continue reading Northern Ireland Cable Licence – Possible Bidder
The Independent Television Commission has announced this morning that it is to reduce licence fees payable by its licensees in 1994. It has also published fee tariffs for 1995.The fees payable by all of the ITC’s licensees is to be reduced by 8.6% in 1994. This reduction, which amounts to £1.4m in total, is possible… Continue reading ITC Reduces Licence Fees
The ownership of the Nottingham Evening Post is expected to be resolved today. Northcliffe Newspapers, owned by the Daily Mail and General Trust announced in June it was to buy T Bailey Forman, but the deal was not approved by the Monopolies and Mergers Commission.It is believed that a deal is close to being finalised… Continue reading Daily Mail And Bailey Deal Expected Today
