TVS has confirmed that it has reached agreement with its bankers over its financial position, and is now assured of continued funding until the end of the franchise period.Existing American borrowings will remain, and British bankers have re- affirmed the bank’s facilities.However, the station has announced that it will cut costs to “the lowest level… Continue reading TVS Refinancing
The ITC has issued its draft invitation to apply for the Channel 5 licence, which it expects to award by August 1992.The service will begin no later than December 1994, and should have coverage of not less than 40% of the UK population from the outset, and full coverage (i.e., all sites to be operational)… Continue reading Draft Invitation To Apply For Channel 5
TSW’s attempt to seek a judicial review of the ITC’s decision to award its licence to WestCountry failed yesterday when the High Court ruled that the argument was “doomed to inevitable failure”.TSW hit out yesterday by complaining that the ITC had “moved the goalposts”, imposing more rigid tests than the applicants had been led to… Continue reading TSW Judicial Review Move Rejected
Carlton Television has appointed TSW’s Martin Bowley as sales director, and many of the TSW sales team are expected to move with Bowley to form the Carlton sales force.Carlton, which won the London weekday franchise, has asked Bowley to join from next February. Bowley will continue to oversee airtime sales for TSW until the end… Continue reading TSW Sales Force To Join Carlton
The ITC has advised the new TV franchise holders to act with caution when considering whether to accept their licences or pass them on to under bidders in whom they would then take a stake.The ITC has suggested that if the list of shareholders involved in a bid changed, then the application itself has been… Continue reading ITC Cautions Franchise Holders
Following last week’s moves by White Rose Television to persuade Yorkshire TV to give up its franchise, Tyne Tees is now in similar talks with Granada Television.Granada originally made a bid for the north east franchise, joining forces with Border to back the North East Television bid for the licence.Granada is now urging Tyne Tees… Continue reading Tyne Tees And Granada Talks
Topline NRS trends Apr’91-Sep’91 vs Apr’90-Sep’90CommentaryNational NewspapersThe NRS Average Issue Readership figures, for April-September’91, show that, among the national daily newspapers, only the quality titles are resisting the general downward trend.The Daily Telegraph, Guardian and Financial Times all recorded year-on- year increases for this period. The largest rise was for the Daily Telegraph, up by… Continue reading NRS Advance Figures Apr’91-Sep’91
The ITC has issued a statement criticising TSW’s press release announcing its intention to seek a judicial review of the ITC decision to award the franchise to WestCountry (Newsline 1/11).The TSW press release (issued by Citi- gate Communications) stated that the company had lost its licence “despite the fact that TSW passed the quality threshold… Continue reading ITC Statement On TSW
Shareholders in Yorkshire Television are being urged to reject their TV franchise in return for a free stake in runner-up White Rose Television.White Rose is confident that it would be awarded the licence by default if Yorkshire decided not to accept the franchise, having passed the quality test but failed by bidding £20m less than… Continue reading White Rose Urges YTV To Reject Licence
TSW has issued a statement this morning asserting that it has resolved to seek a judicial review of the ITC’s decision to award the south and south west TV franchise to WestCountry.TSW’s decision is based on the fact that it passed the quality threshold and submitted the highest bid, but was still not awarded the… Continue reading TSW Decides To Go For Judicial Review
