Today’s announcement that Reed Elsevier has sold IPC Magazines to Cinven, the venture capital group, means that the company will now operate as an independent publisher and will not be split up into separate divisions.While Cinven actually raised the £860 million in cash, the publisher will be run by its existing management team which is… Continue reading IPC Magazines Gains Independence
Merrill Lynch has adjusted its 1998 forecast for United News & Media due to ‘lower underlying performance’. The brokers has also adjusted its 1999 forecast to reflect a more conservative assumption regarding the reduction in ITV license payments that United is likely to obtain starting in 1999. The previously assumed reduction of £44m has been… Continue reading Tougher Year Ahead For United News & Media
Phill and Scott, together with the rest of the news contributors at MediaTel, would like to wish all of Newsline‘s readers a merry christmas and a happy and prosperous New Year.Newsline will be taking a break over the Christmas holiday and returning on 5th January with a summary of any developments from over the festive… Continue reading A Merry Christmas From Newsline
Total terrestrial TV revenue for November, excluding GMTV, came in at £228.9m. Of this, ITV brought in £164.5m , C4 £53.3m and C5 £11m. GMTV’s estimated revenue was £8.7m.ITV/C4 impacts were down by quite small margins across the board in November. Women dropped the most year on year, with a fall of 5.2% while Housewives/Children… Continue reading TV Round-Up – November
The Independent Television Commission has said that BSkyB’s cross-promotion of its pay-per-view services to all viewers of Sky channels, including cable subscribers who cannot access the Sky Box Office, is not anti-competitive and will be allowed to continue.The ITC however made the provision that cable operators must be permitted to opt-out of BSkyB “call to… Continue reading ITC Decides In BSkyB’s Favour
Merrill Lynch has reduced its pre-tax profit forecast for BSkyB in 1998/99 from £375 million to £360m, due to the likelihood of a major marketing blitz after the World Cup in June/July. The City firm believes that some of this will be one-off promotions to “piggy back” on the interest generated by the tournament. A… Continue reading Football Marketing Could Hit Sky
The management buyout of Leeds agency Poulters is still in negotiation at the moment. Graham Poulter, the agency’s chairman, told Newsline that the deal is being “actively discussed” at the moment. He went on to say that an announcement is expected in early February.Poulters: 0113 285 6500
It is believed that the BBC is currently in discussions with ITV with a view to broadcasting all of England’s and Scotland’s World Cup matches next summer. Previously, ITV and BBC have shared the matches between them by alternating the group games; this year the BBC may enter a head to head to battle with… Continue reading BBC Challenges ITV To World Cup
It was again a poor month among the national newspapers, with only three titles showing year on year increases in their June-November NRS figures.The Guardian performed particularly well with a rise in readership of almost 7% to 1.333 million while the Sunday Telegraph showed an increase of 8% to 2.3 million. The Mail On Sunday… Continue reading National Newspaper NRS – November
David Montgomery, chief executive of the Mirror Group, has exercised a share option with over 500,000 Mirror Group ordinary shares. Montgomery bought the shares at 61p each and promptly sold them on 19 December 1997 for 195p each.Mr Montgomery also sold 10,000 of his existing ordinary shares at 195.5p per share. The deals have scooped… Continue reading Mirror Group Chief Executive Uses Share Options
