Shares in regional newspaper group Adscene continued to soar yesterday, closing up 27˝p (12%) at 257p. This boost in value follows the announcement of a £75.4 million management buy-in at the group, along with the sale of Adscene’s Midlands newspapers to Northcliffe Newspapers for £44.5 million (see 3i Backs £75.4m Management Buy-In Of Adscene).Global media… Continue reading Sharewatch
GWR sales house, Opus, is to take control of airtime sales for the two London News Radio stations, News Direct 97.3FM and LBC 1152 AM. The stations, which will be sold in tandem by Opus, were previously handled by an in-house sales team at London News Radio. This sales team has now been incorporated into… Continue reading Opus Takes Sales For London News Radio Stations
Sky Digital is adding three new channels to its television portfolio today, with the arrival of MTV Extra, MTV Base and VH1 Classic on its digital satellite television service.MTV Extra carries an alternative choice of programming to MTV, and allows viewers to catch up on shows missed first time round. MTV Base is dedicated entirely… Continue reading Sky Digital Brings Three More Channels On Air
Independent Television News (ITN) has signed a new five year agreement with Channel 5 to continue supplying its news until 2004. The new contract replaces a deal between the two groups which was due to expire in 2002 and includes a committment to maintain 5 News as a ‘trend setting’ news service.Under the new contract… Continue reading ITN To Be Supplier Of Channel 5 News Until 2004
EMAP this morning announced the acquisition of Wagadon, specialist publisher of men’s and fashion magazines, for an undisclosed sum. The merger of the two publishing operations boosts EMAP’s portfolio of titles, with Wagadon’s Arena, The Face and Frank particularly complementing EMAP Metro’s stable of titles, which includes best-selling men’s lifestyle mag, FHM.The sale of Wagadon… Continue reading EMAP Boosts Consumer Magazine Portfolio With Acquisition Of Wagadon
In the first results of a two-year investigation, the European Commission (EC) has found that the sale of broadcasting rights for Formula 1 (F1) motor racing is restricting competition. The Commission has told the FIA, the official governing body of F1, that it is abusing its dominant position both in the sale of TV rights… Continue reading F1 Broadcasting Deals Found To Be Restricting Competition
Pay-TV operator Flextech has appointed Mike Smallwood, previous chief executive of Western International Media, to head up marketing activities across the company.As senior vice president, marketing, Smallwood will be in charge of the marketing strategy for Flextech’s channels, which include Living, Trouble and Screenshop.Brent Harman, Managing Director of Flextech said: “I am delighted that we… Continue reading Flextech Appoints New Senior Vice President To Marketing Department
Officials from the 15 member states of the European Commission, known as the Expert Group, have found in their first report that there is no single market in Europe for advertisers.In a publication out this week, the Expert Group argues that a single commercial communications market is being seriously hampered by widely divergent laws and… Continue reading No Single European Market For Advertisers, Finds Expert Group
Regional newspaper publisher, Adscene, has been sold to a management buy-in team and venture capital group, 3i, for £75.4 million. Denitz Media, a new company set up specifically to complete the buy-in, made a recommended offer of 263p per ordinary share and 115p for each preference share in Adscene. The ordinary share offer represents a… Continue reading 3i Backs £75.4m Management Buy-In Of Adscene
News has emerged this afternoon that Independent News & Media has appointed Janet Street-Porter as editor of the Independent On Sunday, with immediate effect. She replaces Kim Fletcher, who is leaving the group following Street-Porter’s appointment.Street-Porter was involved in setting up the cable channel Live TV and has also spent seven years as a chief… Continue reading Janet Street-Porter Appointed As Editor Of Independent On Sunday
