This morning’s announcement that Scottish Media Group (SMG) has agreed a £225 million takeover of Chris Evans’ radio and television business, Ginger Media Group, will achieve one of SMG’s prime objectives: to expand the group’s national media presence and protect it from possible predators.SMG already owns the Scottish Television ITV franchise, the Glasgow Herald newspaper,… Continue reading Ginger Acquisition Strengthens SMG’s Presence
The turn of the millennium sees the media industry, for the most part, undergoing a series of mergers and consolidations as companies seek to strengthen their positions in the face of increasing media fragmentation. Much change has been wrought by the emergence of the internet and much has been made of its continued effect on… Continue reading Your Media Predictions For The Year Ahead…
Style title Sleazenation has been redesigned under new editor Stuart Turnball. A new logo, increased size and extra pages are part of the revamp, which is unveiled in the February issue. A new national football title was launched last Friday. Football Gazette, for the “serious” football supporter, contains analysis of every upcoming fixture in the… Continue reading Magazines Brief
IPC Magazines has put together television advertising campaigns for two of its titles, What’s On TV and Now. What’s On TV, which comes from the group’s Tx stable, is to be promoted with a £2 million fully-integrated campaign taking television, press and point of sale advertising.The ads, created by Delaney Lund Knox Warren and booked… Continue reading IPC Pushes Mags With TV Promotions
Chris Evans’ Ginger Media Group, which includes Virgin Radio, has decided to go ahead with a full sale of the company to Scottish Media Group (SMG). The companies this morning confirmed the £225 million deal, which sees SMG beating off rival bids from Clear Channel Communications, French radio group NRJ and the Guardian Media Group.More… Continue reading Ginger Sells Up To Scottish Media
Shares in Scottish Media climbed yesterday as it confirmed a deal to buy Ginger Media Group for £225 million (see Ginger Sells Up To Scottish Media). Prices climbed 18p to £10.55p. Flextech, Scottish Media’s largest shareholder, fell at the news; stock was down 25p to £12.25pBSkyB also made gains, and was one of the best… Continue reading Sharewatch
The Bank of England has today voted to raise the official cost of borrowing from 5.5% to 5.75% – its third rate hike in five months. The decision takes base rates to their highest level since February of last year.
Three applicants emerged in the bid for the second London digital multiplex licence as the closing date passed yesterday. The Radio Authority announced that MXR London, Score Now and Switch Digital are the contenders in the race to hold the licence.CE Digital, a consortium formed by Capital Radio and EMAP, won the first digital licence… Continue reading Three Applicants Line Up For Second London Digital Radio Licence
The Office of Fair Trading has until 7 February to make a decision about Granada’s submission for consent to merge with either Carlton Communications or United News & Media. As the media group sought initial permission from the regulator before making a bid, the OFT has to make a decision within a given deadline.Granada submitted… Continue reading Deadline Given For Granada Bid Approval
The latest readership figures, released by the National Readership Survey (NRS) this week, show a continuing overall decline in the national newspapers’ readership numbers. The whole sector dropped back slightly by 1.1% or 748,000 readers year on year for the six months to November 1999.Bucking the trend as usual were the Daily Mail (up 9.1%)… Continue reading National Newspaper NRS Round-Up – November 1999
