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The Independent Television Commission (ITC) has announced the financial terms that will be offered to Anglia Television if it chooses to apply to extend its licence for a further 10 years. The ITC has asked the East of England ITV franchise to pay a vastly reduced rate for renewal of its licence. A cash sum… Continue reading ITC Announces Anglia Terms For Renewal

Scottish Radio Holdings has announced that it has received approaches from a number of parties and is currently in discussion regarding the possible sale of the company. The group has been the subject of takeover rumours since rival SMG increased its stake in the group twice in as many weeks. Interest in SRH, which has… Continue reading SRH Confirms Interest From A “Number” Of Parties

E4, the new entertainment channel from Channel 4, has signed a five-year carriage deal with ONdigital, the digital terrestrial platform jointly-owned by Carlton Communications and Granada. E4 is set for a January launch targeting 18-34 year olds with entertainment programmes such as Friends and ER. Today’s deal means E4 will now be available on all… Continue reading E4 Signs Carriage Deal With ONdigital

Johnston Press has issued a trading update prior to the release of its preliminary results for the year to 31 December on 21 March 2001. Despite recent fears in the industry of an advertising slowdown, the company reports an increase in like-for-like advertising revenue during the second half to date of nearly 6% compared to… Continue reading Johnston Press Releases Positive Trading Statement Ahead Of Results

Pearson has indicated that it is defying the advertising and dotcom slump and heading for revenue and operating profit growth for the year ending 31 December. Among its success stories will be the FT’s internet enterprises, which are expected to break even two years ahead of schedule, in 2002. The second half of this year… Continue reading Pearson Heralds Revenue And Profit Growth Despite Advertising Slump

Anglo-Dutch publishing group, VNU, has announced the acquisition of US market research group, ACNielsen. The deal, worth $2.3bn, will be settled by an all cash transaction. Due for completion in the first quarter of 2001, the deal will reunite ACNielsen Corp, which tracks consumer shopping habits and box-office and internet data, with its former television-ratings… Continue reading VNU In $2.3bn Deal To Buy ACNielsen

Daily Mail & General Trust has reported a 7% dip in pre-tax profits during 2000 to £191.5 million. The group said increased expansion costs were to blame for the fall from £205.0 million for the same period last year. Turnover was up 15% at £1.9 billion and operating profit rose 23% to £311.5 million. The… Continue reading Expansion Of Metro Eats Into Profit At DMGT

Northern & Shell, the new owner of Express Newspapers, has sold the group’s internet sites for a nominal fee. The ownership of the sites – which include Express.co.uk, Sportlive.co.uk and Allaboutparents.com – has been transferred to stockbroker Seymour Pierce for £1. The move is part of a series of cost-cutting moves by Northern & Shell… Continue reading Desmond Pulls The Plug On Express Websites

Natmags has announced that it has taken a dominant equity share in AIM Publications, the UK’s leading publisher of wedding magazines. The publisher of Cosmo will add You & Your Wedding, Bride & Groom and the recently-launched London Wedding to its list of titles. The business will be renamed Natmag Specialist Media (AIM) and will… Continue reading Natmags Enters Wedding Sector With Acquisition Of AIM

United News and Media has announced that its profits for the year are likely to be in line with expectations, thanks in part to the disposal of £3.25bn of its consumer media assets. As a result it has confirmed that the company will be renamed United Business Media from Monday 18 December, and will restructure… Continue reading United News And Media Predicts Profits In Line With Expectations, Confirms Name Change