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.
Poor response from sponsors and broadcasters (particularly satellite TV stations) has led to the cancellation of the World Cup team snooker championship.
The value and volume of advertising accounts which moved agencies in the first nine months of 1990 shows a fall on 1989 according to a survey from Anthony Rau and Associates. 16% fewer businesses, encompassing 671 accounts billing in excess of £1bn, moved agencies. Categories which moved agencies more than the average were publishing, government… Continue reading Survey Of Account Moves
National Breakdown has signed a one year deal to sponsor Yorkshire Television’s regional weather bulletins The six-figure deal is part of a marketing strategy for a new service offering home repairs to householders.
