The Digital Radio Group (DRG) has succeeded in its bid to become the holder of the third digital multiplex licence to be awarded for the Greater London area (see Digital Radio Group Joined By New Shareholders For London Bid). The DRG bid promised services for diverse groups of listeners including young people, the gay community,… Continue reading Digital Radio Group Wins Third London Multiplex
The Daily Mail and General Trust (DMGT) group has announced pre tax profit of £71.6m for the half year ended 1 April 2001, a year on year decrease of 1.1%, although operating profit was up 4.5% year on year at £103m and turnover increased by 11% to £960.5m.Despite the fall in profits the Group declared… Continue reading DMGT Remains Upbeat Despite Pre-Tax Profit Fall
Around 500 jobs are expected to go at Reuters in an organisational restructure. The measures form part of an initiative by Tom Glocer, who is due to succeed Peter Job as CEO of the company at the end of July.The restructure will also have implications at board level, where Rob Rowley and Jean-Claude Marchand will… Continue reading 500 Jobs To Go At Reuters Thanks To Restructure
Coca-Cola has signed a deal worth £50m to sponsor ITV’s coverage of Premier League football highlights for the next three years. The company emerged as the winner after the deadline for sealed bids was reached on Monday (see Deadline Runs Out For ITV Football Sponsorship Deal)The £50m spent by the soft drinks brand over three… Continue reading Coca-Cola Signs Up To Sponsor Premier League Coverage On ITV
One large and one small player dominated the performances of media shares yesterday. Bright Station appeared to pull back from the brink, its 1¼p rise to 9p per share translating to a 16% rise compared to the previous day. Meanwhile RTL’s rise of over £9 was a 23% increase on Tuesday’s closing price, bringing the… Continue reading Sharewatch
Outdoor advertising contractor, Adshel, has won what it claims is the single largest street furniture advertising contract ever. The 15 year deal in Singapore is worth around US$500m (£350 million). Roger Parry, CEO of Adshel’s parent company Clear Channel International, says that the deal is a ‘highly strategic win’. The contract covers 4,000 advertising faces,… Continue reading Adshel Wins ‘Highly Strategic’ Singapore Contract
Advertising revenues at Daily Mail & General Trust’s (DMGT) Associated Newspapers division grew by 10.5% across the half year to 1 April 2001. The Daily Mail, Mail On Sunday, Evening Standard and Metro all performed well in terms of ad revenue and the division saw operating profit up 16% and turnover up 6%. Circulation of… Continue reading DMGT Results Flat, But Outlook Is Optimistic
Around 500 jobs are expected to be lost at Reuters, following an organisational restructure. The measures form part of an initiative by Tom Glocer, who is due to succeed Peter Job as CEO of the company at the end of July. The restructure affects the Board; Rob Rowley and Jean-Claude Marchand will step down in… Continue reading Reuters Restructure Costs 500 Jobs
Pearson, Reed-Elsevier and Wolters Kluwer are thought to be likely bidders for the professional and free magazines business of Vivendi Universal, according to a report in French newspaper La Tribune. The paper claims that the sale of this division is the most likely divestment by Vivendi Universal to finance its acquisition of Houghton Mifflin.
EMAP is to acquire a 50% stake in French publishing group, Media Nature, from its joint venture partner Bayard Group. EMAP will pay FF175.2 million (£16.0 million) for the stake, giving it full ownership of the outdoor titles publisher. Media Nature produces a number of established outdoor titles in France covering the hunting, fishing and… Continue reading EMAP Takes Control Of French Magazine Group
