Media group Pearson announced today that it has placed a number of shares to raise money for further investment in internet projects. It confirmed that 11,500,000 ordinary shares were placed at £22 per share to raise approximately £250,000,000.The funds will be invested over the course of the next two years in a number of projects… Continue reading Pearson Places Shares To Fund Further Net Investment
TalkSport has acquired the exclusive radio broadcasting rights for the biggest heavyweight fight ever to be staged in Britain. The UK’s first sports radio station, which launched earlier this month (see Talk To Launch UK’s First Sport Station), will broadcast coverage of the Mike Tyson and Julius Francis fight live from Manchester on Saturday. The… Continue reading TalkSport Secures Rights To Tyson Fight
Commercial radio now has more national stations than the BBC after Digital One announced it is to launch Oneword, the first non publicly funded station dedicated to plays, books, comedy and reviews.The deal between Digital One, which launched the first national commercial digital radio network last year (see Digital Radio Launches In The UK), and… Continue reading Launch Of Oneword Pushes National Commercial Radio Beyond BBC
Rene Carayol has quit as managing director of IPC Electric after just four months in the job. The internet division of the magazine group, which launched in September (see IPC Electric Is Unveiled), has appointed Kevin Kerrigan to the position.A statement released by the group today said that Carayol was leaving to pursue other opportunities.… Continue reading Managing Director Of IPC Electric Quits
Magazine publisher EMAP climbed to a record high yesterday as rumours of an imminent large deal or takeover bid emerged. Prices rose 119p to £16.91.Taylor Nelson Sofres dropped 14p to 262p as Dresdner Kleinwert Benson downgraded stock, stating the view that the shares were now fully valued.The closing prices of media company shares yesterday were:
Associated Newspapers has changed the name of the North West edition of its Metro title after losing an appeal to use the masthead in the city of Manchester (see Associated Loses Court Appeal Over Metro Title). The paper is now called News North West and continues to distribute in the region.The group lost its right… Continue reading Metro North West Changes Name After Losing Appeal
The amount and share of advertising spend which is placed on the internet are both set to soar over the next few years, but television will remain the marketers’ preferred medium. These are some of the latest findings from Fletcher Research’s Internet AdWatch survey.As the UK’s online population is set to explode – growing to… Continue reading Online Advertising Growth To Outperform Market, But Remain ‘Poor Relation’ To Broadcast
Media stock was affected by the announcement of the merger of EMI and AOL Time Warner yesterday. BSkyB was one of the main movers on the index with shares climbing 147p to £11.89˝ as analysts forecast further deals within the sector.Other companies boosted by the news included Pearson, up 141p to £23.04, advertising group WPP,… Continue reading Sharewatch
ITV and the BBC will broadcast simultaneous coverage of England’s match against Germany as part of Euro 2000. The two channels, between whom live coverage for the competition is split, have confirmed their schedules for the matches this summer.If England reach the quarter finals or semi final, both BBC1 and ITV will show the match… Continue reading Euro 2000 Schedules Pit BBC And ITV Against Each Other
The amount and share of advertising spend which is placed on the internet are both set to soar over the next few years, but television will remain the marketers’ preferred medium. These are some of the latest findings from Fletcher Research’s Internet AdWatch survey. As the UK’s online population is set to explode – growing… Continue reading Online Advertising Growth To Outperform Market, But Remain ‘Poor Relation’ To Broadcast
