Petrolhead, the men’s lifestyle/motoring magazine which launched in February (see Newsline) has closed. The owners, Mediahead Ltd, have begun liquidation proceedings.The magazine is rumoured to owe in the region of £250,000 and a meeting is to be held on the 24th August between all the creditors. David Rubin & Company, the accountants and licensed insolvency… Continue reading Petrolhead Magazine Runs Out Of Gas
Television production company Flextech is looking to the launch of digital television over the coming months claiming that every home in the UK will be a potential multi-channel subscriber, capable of receiving Flextech’s channels.Half-year profits, announced this morning, report a pre-tax profit of £1.7 million for the six months ended 30 June 1998. For the… Continue reading Flextech Moves Into The Black In Preparation For Digital
More than £15 billion was wiped off the value of shares today as the stock market went into freefall on fears of a Russian economic meltdown.Within minutes of opening the FTSE-100 index of leading shares dropped down 90.5 points but it later recovered slightly to stand 81.6 points down at 5380.6.Traders bailed out of key… Continue reading FTSE-100 Loses Billions Over Fears Of Russian Economic Crisis
The Premier League has completed its sponsorship line-up for the 1998/99 football season. Visa and Swatch have just secured deals with the FA to become executive and second-tier sponsors respectively.The FA said recently that it wished to clear the ‘clutter’ of advertisers by having only five major sponsors that will have their logos on perimeter… Continue reading Visa And Swatch Join Premiership Sponsors
Preparations for the launch of its digital satellite service on 1 October have seen annual profits at BSkyB fall by 13.6%. The satellite broadcaster’s increased spend on marketing and sports, along with investment in research and technology, has seen pre-tax profits at the company fall from £313.7 million last year to £270.9 million for the… Continue reading Digital Spend Hits BSkyB Profits
WPP, the worldwide communications service group, is to sponsor London’s first Arts College for the Media Arts. WPP’s 3 year committment to the project is part of the Government’s new schools initiative to make learning more relevant to the skills of future employers.WPP is also launching a post-production company, called ‘The Farm Post Production’ which… Continue reading WPP Group Invest In The Future
This week the Radio Authority is advertising small scale local FM radio licences for Lanarkshire, Scotland.Small-scale coverage will be within the unitary authority areas of North Lanarkshire and South Lanarkshire. Each licence will be for eight years from the start of broadcasting, and the closing date for applications is 8 December 1998.The Authority will be… Continue reading Radio Authority Advertises Scottish Local Radio Licences
The Independent Television Commission has defended itself as acting “within its powers” following the Judicial Review sought by Flextech in the High Court yesterday. The cable and communications company is seeking a review of the ITC’s decision to remove minimum carriage requirements for cable and satellite channels (see Newsline).A spokesperson for the ITC said that… Continue reading ITC Defends Itself Against Flextech
The Advertising Standards Authority has upheld complaints published in its monthly report against a national press Rey & Co stationary advert. Ecclesiastical lettering was used carrying the line “Rey & Co Born Again Paper”. Another headline read: “Jesus he loves me. Feel the power of his love – or hers. Enchant them with a loving… Continue reading Advertising Standards Authority Crucifies Blasphemous Ad
The Maxim website has been ‘extensively redesigned’ to give it a new look. The site is an offshoot of Maxim, the popular men’s title.The site has acquired a number of new interactive features, and started up Premier League predictions.Maxim: 0171 917 3912
