Nexus Media Communications has revealed it is to buy 48 specialist consumer titles from Headway, Home & Law Publishing Group Ltd (HHL). This does not include the contract publishing titles of HHL.The consumer titles consist of three groups, the Health and Welfare Group, the Specialist Consumer Magazines Group and the Puzzles Group. Titles include Maternity… Continue reading Nexus Buys 48 HHL Titles
News International has this morning released results for the year ending June 30. Pre tax profits for the group are up to £360.9m from £161.3m. Operating profits however, dropped to £96.2m from £140.9m in the previous year, down 32%.Despite substantial increases in circulation from both the Sun and the Times, these were not enough to… Continue reading News International Results Hit By Price Cut
With all the Jan-Jun ABCs for the male general interest consumer magazines now in, the sector as a whole still looks very healthy. In terms of market growth, there has been an increase of 5.3% year on year. As was the case in the previous round of ABCs, Esquire performed best, this time up 28.9%… Continue reading Male Interest ABC Round-Up
The Telegraph Group has announced interim results this morning for the sixmonths to June 30. Profits before tax and exceptional items were up 7.8% to £30.3m. Pre-tax profits alone, discounting exceptional items showed a decrease of 12%. The price cut, which occured within one week of the reporting period, reduced profits by £1m. Analysts had… Continue reading Telegraph Profits Up 8%
Michael Connolly, chief executive of Trans World Communications, the radio company currently being takenover by Emap, has resigned.
Stan Myerson was unavailable for comment this morning following trade press rumours that he is about to leave Express Newspapers. Myerson, the former deputy advertisement director was recently appointed assistant to the managing director, following the sudden departure of Mike Moore, ad sales director last month.
Yesterday’s price increase by the paper that started the price war, the Sun, saw the newspapers’ share prices respond accordingly; Daily Mail increased 10 to 1025p, Mirror Group 2 to 145p and United Newspapers 4 to 547p.
Walt Disney has announced a joint venture with CLT Multi Media, a Luxembourg based international broadcastser. The two groups plan to launch a German satellite television channel in January. The deal could herald a number of Disney-backed channels in other European countries, including the UK. The new channel will include Disney animation, feature films and… Continue reading Walt Disney In Satellite Venture
