The Guardian Media Group today announced that pre-tax profits have fallen in the year ended 31 March, from £27m in 1995 to £20m this year. Turnover however rose, from £228m to £301m.The company blamed redundancy costs of £4.7m and a rise in newsprint costs of £10.3m for the profit loss. It also said that while… Continue reading Guardian Profits Fall
Channel 4 has apologised to the ITC for transmitting an advertisement for alcohol products during teen soap Hollyoaks. According to the ITC Code on Advertising Breaks alcoholic drinks must not be advertised when there is likely to be an audience under the age of 18. Channel 4 had planned the break to be scheduled before… Continue reading Channel 4 Rebuked For Advertisement
The ITC has published further information relating to the introduction of digital terrestrial television (DTT). According to the Broadcast Act 1996, the ITC is responsible for licensing and regulating digital television in the UK.DTT carriers must be licensed separately from programme providers, therefore the ITC is issuing licences to provide multiplex services in October. The… Continue reading ITC Issues Further Information On Multiplex Licences
BBC Worldwide and Flextech have signed an agreement to develop a number of subscription channels for the UK broadcast market.Final details are expected to be announced by the end of the year, but the first channels may launch as early as summer 1997. They will cover major genres such as documentaries, natural history, drama, comedy,… Continue reading BBC Signs Deal With Flextech
The newspaper sector remained largely static, whilst only slight blips occurred amongst the TV companies. A US investment road show created a little excitement in Carlton’s shares, which rose 16.5p to 489p on Tuesday, while Granada fell 17p to 870.5p on Tuesday and a further 12p on Wednesday as a result of analysts’ reports. While… Continue reading Sharewatch W/E 27/9/96
Financial results released this week include Guardian Media announcing 12-month figures today and Maiden Group releasing interims tomorrow. HTV will also announce interims on Wednesday: pre-tax profits are expected to reach around £6.5m, an improvement on the same period last year which saw the figure reach £6.1m, while revenues are predicted to be down slightly… Continue reading The Week Ahead
The NRS figures released for the period July to August 1996 showed that the Financial Times had the largest percentage increase (6.67%) for all national newspapers. Circulation for the FT increased from 779,000 to 831,000. The Times showed no change at all remaining on a circulation figure of 1,924,000 despite employing various pricing strategies during… Continue reading August Newspaper NRS Figures
Independent Radio Group, owners of Q96 FM reported losses of £749,000 on profit before tax for the period to June 1996. The company was started in October 1995 with the intention creating a new commercial radio group through the acquisition of UK commercial stations. Loss per share was 7.5p.It is the first time results have… Continue reading Losses For Independent Radio Group
The proposed acquisition of Classic FM by GWR Group *(GWR And Classic In £215m Merger) may be referred to the Monopolies and Mergers Commission. If the director general of Fair Trading believes the merger qualifies for further investigation, the secretary of state for trade and industry will be advised on whether to send it to… Continue reading Classic Merger Being Reviewed
A spokesperson from the Mail On Sunday confirmed the launch of a new television listings magazine entitled Programme on October 6. Although the spokesperson was reluctant to comment, it is believed the launch will put pressure on fellow mid-market title, the Sunday Express.…Both the Times and Telegraph offered discount vouchers on Monday for respective Tuesday… Continue reading Newspaper War Rages On
