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
“Due impartiality” must continually be observed on “individual issues” states a new amendment to the Broadcasting Bill announced yesterday. The legislation, which will apply to both television and radio, produced a heated reaction from broadcasters. The amendment was described as “constructive censorship”, and David Elstein, Thames Televsion’s director of programmes, claimed that the move “will… Continue reading Broadcasting Bill “Bias” Amendments
Home secretary David Waddington yesterday affirmed that the BBC’s licence fee increases will be set at less than rises in the RPI after next April. The Home Office is to appoint independent consultants to assess the way in which the Corporation spends its licence fee income. In response to the announcement, BBC director general Michael… Continue reading BBC Licence Fee Examination
British Telecom is to sell its 25% stake in the Children’s Channel to Flextech, a UK oil-services group which is currently diversifying into the media. United Artists Entertainment had originally hoped to acquire the share. The move reflects BT’s decision to move out of the cable industry.
LLoyd’s of London has disclosed it is considering the sale of its shipping newspaper LLoyd’s List.
