The Financial Times enjoyed annual advertising revenue growth of 19% in 1999 and saw its profits rise by 33% to £56 million, parent company Pearson has announced this morning. Announcing its preliminary results, Pearson said pre-tax profit across the whole company was up by 15% to £402 million for the year to 31 December 1999.Pearson… Continue reading Pearson Reports Strong Revenues At FT
The Department of Trade and Industry (DTI) has decided not to refer to the Competition Commission the £2.3 billion merger between cable company Telewest Communications and pay-TV channel producer Flextech (see Telewest And Flextech Agree Terms Of £2.26bn Merger).The deal will create a combined media group valued at more than £12 billion. The companies describe… Continue reading Telewest And Flextech Merger Cleared By DTI
There has been an increase in the overall decline in national newspaper readership, according to the latest figures released by the National Readership Survey (NRS). A year-on-year analysis shows the whole sector falling 2.3% – or 1.6 million readers – for the six-month period ending January 2000.The largest falls during the period came from the… Continue reading National Newspaper NRS Round-Up – January 2000
US-based internet search engine company, AltaVista (www.altavista.co.uk), has this morning unveiled a new internet access package which could profoundly shake up the existing tariff-based systems. Launching within the next three months, the new AltaVista deal will give UK customers unlimited access to the internet via unmetered telephone calls for just one registration fee and an… Continue reading AltaVista To Offer Unmetered Net Access
There has been an increase in the overall decline in national newspaper readership, according to the latest figures released by the National Readership Survey (NRS). A year-on-year analysis shows the whole sector falling 2.3% – or 1.6 million readers – for the six-month period ending January 2000.The largest falls during the period came from the… Continue reading National Newspaper NRS Round-Up – January 2000
BBC Radio 5 Live is “considering its position” with regard to rival sports station TalkSport’s recent claims that it will be broadcasting live coverage of Euro 2000. A spokesperson for Radio 5 said that it owns the rights to the competition and that Talksport’s coverage of the tournament will be limited to off screen broadcasts.Talksport… Continue reading TalkSport Is “Misleading Listeners”, Says BBC
Pearson climbed 112p as it prepares to announce its year-end financial results today. Stock closed at £23.03 on Friday.Wednesday’s quarterly FTSE International meeting is expected to be the most radical shake-up of the index to date, with hi-tech and internet stocks expected to make an entrance into the top 100. Cable & Wireless Communications and… Continue reading Sharewatch
Monday Pearson, owner of the Financial Times and a 30% stakeholding in Channel 5, releases its year-end financial results.MediaTel’s weekly industry focus, Media Track, is featured in Campaign Media Business.Wednesday Advertising group Cordiant releases its final financial results.The Competition Commission is due to report to the Department of Trade and Industry (DTI) regarding the regional… Continue reading The Week Ahead
BSkyB has announced its purchase of a 9.9% stake in Chelsea Village, the company which owns Chelsea Football Club. The deal, worth £40 million, will allow the broadcaster media and sponsorship rights for the club.BSkyB will act as exclusive media agent for the Chelsea Village Group for an initial period of five years. This excludes… Continue reading BSkyB Buys Stake In Chelsea
Richard Eyre blamed the competing members of the ITV network for its failure to create a stong net brand at MediaTel’s Media Question Time event. He said that ITV’s online presence is currently in its infancy because each franchise wants to develop its own voice on the internet.In response to a question from the floor… Continue reading ITV Brand Must Unite On The Web, Says Richard Eyre
