Telewest Communications strengthened yesterday, closing up by 16p at 253˝p. The telecommunications company this morning announced that it is offering Senior Discount Notes to institutional buyers in the US, in order to raise £300 million to reduce amounts drawn under the company’s credit facilities.Despite some positive financial results and outlook (see Newsquest ‘Cautiously Optimistic’ For… Continue reading Sharewatch
Following a number of warnings in recent months (see Satellite Channel Licence May Be Revoked), the Independent Television Commission (ITC) yesterday issued a suspension order to Kurdish satellite TV station, Med TV, which runs for a period of 21 days.The announcement led to protests outside the ITC’s offices as well as negative reaction from Kurdish… Continue reading ITC Suspension Of Med TV Prompts Protests
A survey by the Chartered Institute of Marketing, on behalf of Marketing magazine, has found that over half of UK businesses believe that a ‘corporate style’ brand is needed for Britain in order for the country to gain more recognition. However, 44% of those companies that believe this are unwilling to pay a business levy… Continue reading Newsline Brief
Inflation has fallen below the Government’s target of 2.5% to 2.4% in February according to figures from the Office for National Statistics released this morning. Inflation has been steady at 2.6% for the last two months.The fall is expected to raise hopes of a further cut in interest rates by the Bank of England when… Continue reading Inflation Down To 2.4%
Monday Regional newspaper publisher, Newsquest, releases its final financial results today. Merrill Lynch predicts that pre-tax profits for 1998 will be £66.5 million on revenues of £305.4 million (up 7%).Tuesday The retail prices index for February is released by the Office for National Statistics. Inflation in January stood at 2.6%, just above the Chancellor’s target… Continue reading The Week Ahead
Agency estimates for February 1999 put total terrestrial TV ad revenue (including GMTV) at £204.01 million. Year on year ITV, Channel 4 and Channel 5 all show increases in their ad revenue whilst GMTV shows a loss of revenue.ITV’s total revenue was up by 16.7% to an estimated £141.1 million, C4’s rose by 8.9% to… Continue reading TV Revenue – February 1999
MediaTel’s offer to pay £1 to Comic Relief for every individual user to MediaTel, Media Village and JICRIT on Red Nose day resulted in a contribution of £1,021.This was added to further by MediaTel’s offer to pay 10% of new business subscriptions agreed on the same day. New subscribers signing up that day to MediaTel… Continue reading MediaTel Users Aid Comic Relief Contribution
ITV’s Vice: The Sex Trade was the subject of a number of complaints to the ITC according to the Commission’s latest Programme Complaints and Interventions bulletin.The three-part documentary, screened at the end of last year at 9:00pm, investigated the world of prostitutes, their clients and those who attempt to prevent or police the trade. The… Continue reading ITV’s Vice Documentary Sparks Complaints
Jim Brown, executive chairman of regional newspaper publisher Newsquest, has said that he is ‘cautiously optimistic’ that his company should see another good year during 1999.“Recruitment advertising, an important economic guide, has held up promisingly in the early period of 1999. The general strength of local economies remains important to regional newspaper businesses, and we… Continue reading Newsquest ‘Cautiously Optimistic’ For 1999
Agency estimates for February 1999 put total terrestrial TV ad revenue (including GMTV) at £204.01 million. Year on year ITV, Channel 4 and Channel 5 all show increases in their ad revenue whilst GMTV shows a loss of revenue.ITV’s total revenue was up by 16.7%, C4’s rose by 8.9% and C5’s saw a rise of… Continue reading TV Revenue – February 1999
