Midland Independent Newspapers, publishers of the Birmingham Evening Post, is expected to be valued at £193m when it is offered for sale later in the month.The offer price is 140p per share, which gives a price/earnings multiple of 21 times current year earnings. Morgan Grenfell has underwritten the offer. Applications must be in by next… Continue reading Midland Newspapers Valued At £193M
The Government has proposed a ban on cigarette advertising within a mile of any school, as a move to strengthen controls, particularly against adverts that reach 11 to 15 year olds.Half the poster sites in the UK are situated within a 400 metre radius of schools, 85% of sites are within a 1000 metre radius… Continue reading Ban On Tobacco Ads Near Schools Proposed
Hoare Wilkins is to merge with TBWA Holmes Knight Ritchie to create a new agency, TBWA, wholly owned by Omnicom. Alasdair Ritchie, managing director of TBWA HKR, will become chief executive and Johnathan Hoare, chief executive of Hoare Wilkins will be managing director.Hoare Wilkins’ media department will move to Eurospace, which took over TBWA’s media… Continue reading TBWA Merges With Hoare Wilkins
BBC Gourmet Good Food has been closed after the title failed to reach its sales target of 40,000. The quarterly magazine was launched in November 1992 and lasted for 5 issues.HOTELS CLOSESThe monthly catering magazine, Hotels, has ceased publication in its current format. It is to become a subscription-only bi-weekly financial newsletter aimed at senior… Continue reading BBC Gourmet Closes
British Telecom has begun technical trials of its new project, Interactive Multimedia Services, which will allow consumers to order films, programmes and consumer information from a menu on their television set and have them delivered via the telephone network. The BBC, Carlton, Granada and LWT are all supplying programming for the trials and BT plans… Continue reading BT Begins Interactive Trials
Maiden Outdoor has bought 500 poster sites from Heron Supersites. The sites are mainly in the London TV region; around 80 are 96-sheets, including some waves; the remainder are 48-sheets.The move will mean that Maiden will expand the number of packages available, although some sites will be “culled”, those considered to be “bordering on illegality”.
In a response to the Department of National Heritage’s review of Cross Media ownership, the IPA has outlined its support for the current rules to be relaxed, with certain provisos.The IPA wants media owners to be able to compete effectively both domestically and internationally; not however to the extent of reducing the number of media… Continue reading IPA Calls For Relaxation Of Ownership Rules
Following the news yesterday that Carlton and Central are to combine their airtime sales operations, MAI is to buy the 56% share in TSMS held by Central. MAI acquired the other 44% when it acquired Anglia television last month.MAI refuses to disclose any details about future sales plans until the ITC review on sales arrangements… Continue reading MAI To Buy Out TSMS
Stella Artois Dry is to sponsor the launch of a bi-monthly fasion title, Another Magazine. Central’s crime magazine programme, Crime Stalker has signed a sponsorship deal with insurance and investment company Norwich Union. The deal will run from March until the end of 1994.
