Keith Wilson, the editor-to-be of the unlaunched Crime Weekly magazine has been made redundant by Cabal Communications. The consumer publisher suspended the launch of the magazine earlier this year, at the same time that IPC annnounced that it was publishing a crime one-off title called called Chat, Crime and Passion (see Newsline). The future of… Continue reading Cabal’s Crime Launch Uncertain As Editor Departs
Johnston Press’ agreed £266 million takeover of Portsmouth & Sunderland Newspapers (PS&N) (see Johnston Seals Portsmouth & Sunderland’s Fate With £266m Offer) brings major regional titles like the Sunderland Echo and the Portsmouth News into Johnston’s control. P&SN has a total weekly circulation of around two million papers. The map below shows P&SN’s regional newspaper… Continue reading Johnston’s P&S Acquisition Boosts Coverage
BSkyB has denied reports that it is re-entering discussions with French broadcaster Canal Plus about a possible joint alliance. Sky’s statement follows speculation in the Observer last weekend that discussions were to recommence.Talks between the two broadcasters began in February when possible joint ventures were discussed (see Newsline), but broke down in March after Canal… Continue reading BSkyB Denies Rekindling Of Talks With Canal Plus
Following the announcement of a £266 million takeover offer for Portsmouth & Sunderland Newspapers (PSN) yesterday (see Newsline), Johnston Press’ share price remained nearly unchanged, dropping a ˝p to 272p, but PSN shot up by 272˝p to 2222˝p. By 10:15 this morning, the group had dropped back to 2210p.Outdoor advertising group Maiden fell by 38p… Continue reading Sharewatch
Wagadon, publisher of the Face, Arena and Frank, is subject to speculation that it may be put up for sale in the near future following its restoration of self-ownership. Another consumer publisher, Condé Nast, has sold back the 40% stake which it held in Wagadon to Nick Logan, editorial director and already 60% owner of… Continue reading Wagadon Reclaims Control Amid Sell-Off Rumours
Inflation has dropped below the Government’s 2.5% target rate, according to new figures. Underlying inflation in April fell to 2.4% after picking up to 2.7% in March because of the effect of the Budget duty increases on petrol and tobacco, the Office for National Statistics said today.The headline rate of inflation – which includes mortgage… Continue reading Inflation Dips Below Target
Dow Jones and Reuters are to combine their interactive business services, Dow Jones Interactive and Reuters Business Briefing, in venture that will hold combined revenues of over $225 million (£139 million).The new company, called Dow Jones Reuters Business Interactive LLC, will be a leading global service provider of proprietary and third-party business information to corporate… Continue reading Reuters And Dow Jones Link Up Internet Business Services
Following news that Reuters is to combine its interactive business services with Dow Jones to form a new company called Dow Jones Reuters Business Interactive LLC (see Newsline), Reuters rose 4˝p to 891˝p by the close of trading yesterday. By 11 o’clock this morning, Reuters had risen to 909p.Capital Radio climbed 4p yesterday to 865p… Continue reading Sharewatch
The long-running battle to take control of regional newspaper publisher, Portsmouth & Sunderland Newspapers (P&SN), looks set to end today as Johnston Press moves in with an agreed takeover offer of 2,225p per share.The offer values P&SN at £266 million and is a 15.4% premium on the company’s closing price of 1,950p yesterday. Johnston’s moves… Continue reading Johnston Seals Portsmouth & Sunderland’s Fate With £266m Offer
In its submission to the BBC Funding Review Panel, the Independent Television Commission (ITC) has voiced strong opposition to the introduction of a higher licence fee for digital television (DTV) viewers. The Commission today said:“Digital television is an important growth area in which there is currently considerable UK leadership. If this is to be sustained… Continue reading ITC Opposes Digital Licence Fee And BBC Advertising
