Convertible preference shareholders in TVS are dissatisfied with International Family Entertainment’s bid for the TV company, as they maintain that liquidation would make more financial sense in terms of returns.The £48m bid would offer 43p cash per preference share, leaving them in a worse position than loan stock holders who would be paid out in… Continue reading TVS Shareholders Could Stall Deal
EM Warburg Pincus and Bankers Trust have announced an investment of £70m in the Comcast Corporation, a US cable operator which owns Comcast UK. Comcast franchises cover more than 1m homes in the UK and the investment will be used to complete network designs and upgrade television services.COMCAST UK: 071 911 0555
Sky is setting up a £5m TV and press self-promotion campaign, to compete with ITV’s lavish £9m airtime ad deal, announced earlier this week.Film, sports and new programmes will be highlighted by the promotion with backing for the ads being taken up by Amstrad in a cross-promotion deal. The venture will continue throughout this month,… Continue reading BSkyB Spends £5m In Promotion
The first RAJAR survey,available to the industry from February 1993 removes a number of the restrictions and frustrations that existed previously. At a meeting held yesterday at the IPA, RSL and Rajar explained to suppliers and IPA(rep: Anthony Jones,Dorland) the format of the new survey and James Galpin (AIRC) stressed that this is the most… Continue reading First RAJAR Heralds New Initiatives
The actors’ union, Equity, is to take the BBC to court over the transmission of library programmes on UK Gold. The union is claiming that its’ agreement with the BBC is not set up to cover the sales and transmission of programmes to satellite channels and the court hearing will discuss whether such sales are… Continue reading Equity Keeps Up Gold Battle
Last week’s mystery bidder for entertainment company TVS is thought to be Broadway Video, a New York production company best known for its’ zany creation, Saturday Night Live.The news came as a surprise for original bidders, IFE, whose offer for the company looked to be in the closing stages. Broadway’s bid has thrown a spanner… Continue reading Broadway Shows Interest In TVS
Qualities The latest 6-monthly ABCs for May to October’92 show 4 of the quality newspapers increasing their circulation year-on-year. The highest increase was recorded by the Independent on Sunday, up by 7% to 400,000.The Sunday Times achieved a 4.3% increase to 1,194,000. More modest increases were recorded by the Sunday Telegraph and the Financial Times,… Continue reading National Press Round-Up – October
A new survey by the IP Group, the European media sales house with offices in 13 countries, can provide a wealth of data on individual countries or define “the average European.”This individual does not of course exist, but when all aspects of the survey – work, leisure time, household activities,media consumption, etc – are considered… Continue reading Survey Dispels Many European Myths
Silvio Berlusconi is in negotiation with Channel 5 Holdings, sole bidders for the C5 licence, in an effort to lay down conditions of agreement, allowing Fininvest to join the consortium just weeks before a franchise winner is announced.Investment from the Italian group could exceed £60m so Berlusconi is ensuring that his stake will lead to… Continue reading Fininvest Lays Down Conditions
Channel 5 Holdings, the sole bidder for the new Channel Five TV station has come up with a seemingly revolutionary idea to transmit without the use of satellite dishes, decoders or subscription costs. The solution – to transmit via redundant radar frequencies – was masterminded by technical chief at C5 Holdings, Ellis Griffiths.Griffiths maintains that… Continue reading Channel 5 Consortium Finds Loophole
