It has now been confirmed that Chelverton Investments has taken over LBC, following the announcement yesterday that owner, Crown Communications has gone into liquidation (Newsline 28/1).Chelverton is headed by Sir Leslie Porter, former chief of Tescos and his son John Porter, as well as partner Matthew Cartisser. The deal has been valued at £14m with… Continue reading Chelverton To Take Over LBC
It was announced today that the owner of LBC, Crown Communications, has gone into receivership, leaving debts of up to £16m.It now looks as though the proposed takeover of the radio station by Lady Shirley Porter’s consortium, Chelverton, may go ahead. The rumour still stands that ITN is considering setting up a rival bid, along… Continue reading LBC Takeover Looks Set To Go Ahead
Jackie Dickens, vice-chairman of Leo Burnett, has been appointed a member of the 12-strong panel of the Advertising Standards Authority. She replaces Winston Fletcher, chairman of Delaney Fletcher Slaymaker Delaney Bozell who has stepped down from his seat.
The Institute of Practitioners in Advertising has issued figures which show a slump in the number of people working in agencies to the lowest level for thirty years.During the year ending in September 1992, 1,000 jobs were lost, reducing the industry’s workforce to 12,000.IPA: 071 235 7020
Contrary to reports in this week’s trade press Reed Business Publishing will not be closing its monthly title IBM Computer Today in March. A spokesman at Reed confirmed that there will be a redesign in April but it will not undergo any radical change.
Virgin Radio has appointed Media Link to handle sales in Manchester and Scotland. The station also has a 12-strong sales team working under sales director John Pearson.Media Link: 031 220 8282
Virgin Radio has appointed Media Link to handle sales in Manchester and Scotland. The station also has a 12-strong sales team working under sales director John Pearson.Media Link: 031 220 8282
Gruner & Jahr is launching its latest findings on the women’s monthly magazine market, concentrating on 15 top titles including Company and Cosmopolitan. The report, which revealed that 80% of those surveyed found advertising in Vogue interesting, can be accessed on MediaTel as soon as it is available.
ITV has signed a seven-figure deal with world heavyweight champion Riddick Bowe. The contract will cover broadcasts of the fighter’s next five matches, which will be shown as part of the Saturday Night Big Fight live show.
ITV has signed a seven-figure deal with world heavyweight champion Riddick Bowe. The contract will cover broadcasts of the fighter’s next five matches, which will be shown as part of the Saturday Night Big Fight live show.
