Chrysalis Group announced this morning that it will be buying the Kiss radio stations in Manchester and Yorkshire.The deal values the stations at £17.5m and Chrysalis, which owns the Heart and Galaxy 101 stations, will be funding the expansion through a £20m placing and open offer at 525p a share.Kiss 102, in Manchester, has a… Continue reading Chrysalis Buys Kiss Stations
Channel 5 today announced that it has secured a three-year exclusive TV rights deal to screen the Lloyds Bank British Fashion Awards. This is the first time that the event has been given a prime time showcase on British TV.The Awards will take place on October 22 at the Royal Albert Hall.C5: 0171 497 5225
Chrysalis Group today forecast that for the year ending 31 August it would make a loss before tax of not more than £2 million. This is in line with expectations.…Chrysalis is at the moment unsure about its plans for handling the airtime sales for the two Kiss stations it acquired today (see Chrysalis Buys Kiss… Continue reading Chrysalis Predicts Losses
Auto Trader has launched the next stage of its Internet service, called “AutoTrader Interactive”.The site offers an enhanced user interface and design, eight vehicle channels and a total online buying and selling experience.There are currently 100,000 vehicles online including the colour photos of the vehicles. This will be rising to 200,000 in the coming months.… Continue reading Auto Trader Launches New Web Service
Emap On Air, the Emap radio and TV sales house, has announced a £400,000 tie-up with the Daily Star to sponsor its new football slot called Who Ate All The Pies.Described as Football Focus meets They Think It’s All Over, the show will be hosted by Nick Hancock and broadcast across all of Emap’s major… Continue reading Emap Launches Radio Programme With Daily Star
Men In Black, the new sci-fi movie, took over £7m on its opening weekend according to figures from Columbia Tristar. This is slightly more than Independence Day‘s opening takings, though the Men In Black figure includes preview screenings. The film stars Will Smith (who also took a lead role in Independence Day) and Tommy Lee… Continue reading ‘Men In Black’ Storms Box Office
Leeds United has signed a production deal with a major media company in order to launch its own Pay-Per-View channel. The club, which has been considering launching such a channel for some time (subscribers see Leeds United Score A TV Channel ), is also in discussions with General Cable and Cable & Wireless to secure… Continue reading Leeds FC Channel A Step Nearer
Telewest and NTL have said that they are in preliminary talks regarding the possibility of merging their UK cable interests. The move would result in a rival to the giant Cable & Wireless Communications which was formed last October between C&W’s Mercury Communications, Nynex, Bell Cablemedia and Videotron.It is also rumoured that United News &… Continue reading Companies Line Up For Cable Merger
Ad revenue for Commercial Radio reached £87.5m for Quarter 2 1997, which is a year on year growth of 13.3%.This growth was driven by a large jump in national revenue which increased by almost 20% year on year compared to local’s growth of 5.2%. Commercial Radio’s share of the display marketplace now stands at 4.7%.…According… Continue reading Commercial Radio Revenue Hits High For Q2
Pearson this morning announced interim financial results which show that pre-tax profits had risen 167% to £81m, while sales had increased slightly from £940m to £958m. The results were boosted by the absence of several one-off items, such as restructuring charges and non-recurring costs from Mindscape.Both Penguin books and the Financial Times put in strong… Continue reading Pearson Reports Massive Growth In Profit
