Investors appear to have been unimpressed with Carlton Communications interim results released yesterday, which reported losses of nearly £50 million due to its digital television interests (see Newsline). Carlton fell 21p yesterday to 531˝p. This morning, Carlton’s share price had dropped further to 520˝p.Independent Newspapers held its annual general meeting yesterday, during which it was… Continue reading Sharewatch
The value of digital radio, in terms of consumer benefit at least, was questioned by the panel of the inaugural MediaTel Media Question Time on Monday evening. Ginger Media Group’s Adam Bowie asked the panel whether they thought that radio broadcasters should offer free receiver equipment in the same way as BSkyB and ONdigital have… Continue reading Media Panel Split On The Value Of Digital Radio
Future Publishing, producer of home computing and video game magazines, has today announced that it is to seek a listing on the London Stock Exchange in June. The float is expected to be valued at around £500 million.In connection with the listing, a new company is being formed – The Future Network – which will… Continue reading Future Publishing Seeks London Stock Exchange Listing
Southnews, publisher of paid-for and free newspapers in London and the Home Counties, has announced its preliminary results for the 53 weeks to 3 April 1999, which showed that profit before tax has increased by 63% to £12.1 million. Earnings per share were also up by 27% from last year to 40.2p, and revenues for… Continue reading Southnews Reports 63% Increase In Pre-Tax Profit
Carlton Communications has revealed that it is to invest over £150 million in digital media this year, £100 million of which will go into ONdigital, in its results for the 6 months ended 31 March 1999. The media group also aims to double Carlton’s output for ITV and other channels within the next three years.… Continue reading Carlton Communications Announces Ten-Point Plan
The Radio Authority has upheld ten complaints against eight different commercial radio stations, after receiving a total of 79 complaints this quarter.In its quarterly bulletin, the RA upheld two complaints against London station Xfm. One complainant said that he was abused and ridiculed when he was put on air after calling the station, and another… Continue reading RA Upholds Complaints Against Commercial Radio Stations
Southnews experienced a healthy rise of 25p to 600p yesterday after announcing a 63% increase in pre-tax profit with its financial results for the year ended 3 April (see Newsline). This morning the newspaper group’s shares had risen a further 2˝p to 602˝p.Carlton Communications, which releases its interim financial results today (details to follow on… Continue reading Sharewatch
MediaTel’s Media Question Time panel was asked to address the issue of the next BBC Director General last night.The question, put by Douglas MacArthur, chief executive of the Radio Advertising Bureau, gave a further opportunity for Kelvin MacKenzie, Talk Radio’s CEO, to lambaste the BBC’s bureaucracy and licence fee – but the general feeling was… Continue reading Media Question Time Panel Tips Dyke as next BBC DG
ITV is to launch a new celebrity show based on the weekly OK Magazine. The new masthead show, called OKTV! will be made by Carlton Television, and has been under discussion at ITV for the past twelve months.Whilst in planning, ITV commissioned pilots from both Northern & Shell’s OK and Hello!, its closest rival. Controller… Continue reading ITV To Launch OK Masthead
Speaking at MediaTel’s Media Question Time last night the chief executive of ONdigital, Stephen Grabiner’s explanation of the box give-away – announced only that morning (see Newsline)- was attacked by fellow panelist Ray Snoddy (Times media editor). Grabiner said that research showed boxes at £199 were the “single biggest hurdle” to people thinking of investing… Continue reading Grabiner Attempts To Justify Digital Set-Top Box Give-Away
