The music group EMI has sold its 13.3% stake in GWR, it was announced yesterday. The stake, worth £81.4 million, was sold to institutional buyers in London to allow the group to concentrate fully on its music business.Henry Meakin, GWR chairman said: “EMI has been a supportive shareholder in recent years. However, we recognise that… Continue reading EMI Sells Stake In GWR
As further news of the United/Carlton merger emerged over the weekend, the two groups most likely to lose out as a consequence of the deal made moves to prevent it. BSkyB and Granada have both said they want the merger referred to the Competition Commission before it is given the go-ahead and there have been… Continue reading Consolidation A Threat To Granada And BSkyB
The race to corner the free morning newspaper market heightened last week as three more Metro newspapers were launched. After a circulation war broke out in Manchester recently when Associated Newspapers and the Guardian Group launched free morning newspapers in the city on the same day with the same name (see Manchester In Local Newspaper… Continue reading Three More Metros Hit Britain
EMAP is to spend £1 million promoting its interactive music television channel, The Box. The channel, EMAP’s only television business, will receive a quarter of a million pounds’ worth of new logos, graphics and title sequences, as well as a redesigned website, currently under construction.The Box plays non-stop music videos which can be selected by… Continue reading EMAP To Give The Box £1m Promotion
Scottish Radio Holdings reported strong growth when it announced its preliminary final results today. Turnover for the group increased by 26% to £55.1 million, and pre-tax profit was £13,608 million, compared with £11,314 million for the same period last year.This year has seen the group develop its digital radio interests, with the formation of Score… Continue reading Scottish Radio Reports Rise In Turnover
Only 8% of the population think ITV should be forced to bring back the News at Ten. Despite constant criticism from the government over its decision to move the News to a later slot, the ITV network has the backing of the UK population.This is the finding of research by CIA Sensor which asked the… Continue reading Only 8% Want News At Ten To Return
The Carlton-United merger (see Carlton And United News & Media Set For £7.8bn Merger) pushed share prices within the television sector: Carlton rose 22źp to 576˝p while United leapt 23˝p to 769p. Other TV companies were boosted by the news: Border climbed 31˝p to 610p and Granada saw its share prices up 9˝p to 540p.Meanwhile… Continue reading Sharewatch
The £7.8 billion merger between Carlton and United News & Media, announced this morning (see Carlton And United News & Media Set For £7.8bn Merger), will create the UK’s largest commercial television broadcaster and a huge force in new media developments.Commenting on the deal Clive Hollick, chief executive of United and CEO of the new… Continue reading Carlton/UNM Merged Group Plans For The Future
Atlantic 252 has appointed John O’Hara as its new managing director after the station’s founding director Travis Baxter quit in July. The long-wave station has been fighting a declining share of listening despite repositioning itself to attract a younger audience (see Atlantic 252 To Pull A More Trendy Audience). IPC Southbank has teamed up with… Continue reading Newsline Brief
BSkyB has signed a five year carriage agreement with cable and satellite youth channel, Rapture Television. Rapture joins the Sky Digital line-up tomorrow, with broadcasts initially only at weekends, but increasing to seven days a week from February next year.The agreement increases Rapture’s reach by 1.8 million homes; the channel now reaches six million homes… Continue reading Sky Digital Secures New Channel Carriage Deals
