Invicta Radio has confirmed the launch of a new sales operation based in France and Belgium called Diamond Media. (Newsline 27/9) The operation is a three-way partnership between the French company Tops Medias, the Belgian company Winners and Invicta with each holding a one third stake. Diamond Media will sell for 9 stations in France,… Continue reading Invicta Confirms Sales House
Associated Newspapers (071-938-6000) has merged its circulation department and sales force for the Daily Mail and Mail on Sunday in an effort to boost home delivery levels. At the same time the Mail on Sunday will increase pagination from 80 to 96 pages following the launch of the tabloid Sunday Correspondent.
Rumours of a new media independent from ex-Saatchi Group director’s Alec Kenny and Nick Lockett (NewsLine 27/9) have been confirmed. Alec Kenny has resigned as media director of Saatchis and joins Zenith’s ex client services director Nick Lockett & Steve Booth (also ex-Zenith) in Kenny Lockett Booth (KLB) which will begin operating next week.KLB –… Continue reading New Media Independent Confirmed
Touche Ross has conducted its eighth annual survey of profitability amongst advertising agencies.Results show that the WPP Group has now beaten Saatchi into second place as the biggest long – term borrower in the advertising industry . The general picture of the sector is of companies suffering from under-capitalisation, lacking strong management and weighed down… Continue reading Advertising Industry Financial Report
Diet Pepsi is to sponsor this autumn’s London Indoor Tennis Championship at Wembley. Pepsi has the option to extend the deal for future years.
Metro Radio’s long running bid for the Yorkshire Radio Network looks close to victory following the announcement yesterday that 75% of YRN’s shareholders have accepted Metro’s £15.6m offer. (Newsline 27/9) For the takeover to go ahead shareholders must now approve an alteration to YRN’s articles of association, at present any one shareholder is prevented from… Continue reading YRN Close To Metro Takeover
Robert Maxwell announced last night that he is to sell his TV interests, including his 20% stake in Central Television. The sale of Maxwell’s stake in Central could result in a change of ownership in the run-up to the next franchising round. Maxwell also intends to sell off his 12.5% stake in France’s TF1, his… Continue reading Maxwell To Sell TV Interests
Oftel yesterday made “formal orders” under telecomms legislation requiring four cable companies to “remedy delays in completing their networks”. The four companies, with franchises covering Coventry, north-west Glasgow and Clydebank,Guildford and Westminster have been given new deadlines to meet, and if they fail to do so they could have their licences revoked. Oftel acknowledged that… Continue reading Cable Operators Reprimanded
The bi-monthly men’s magazine For Him has appointed Geoffrey Aquilina-Ross as new editor to replace Eric Musgrave. (Newsline 13/9)
Saatchi is continuing its moves to raise capital by selling its US agency McCaffrey & McCall and looking at ways of restructuring its £212m Euroconvertible preference issue.
