According to a report in today’s FT speculation is mounting that Pearson is about to be taken over. Shares in Pearson, which owns the FT, have been performing well lately: yesterday they rose 11p to 688p. City analysts believe that Pearson is a good target for a Granada bid.
A survey published today by Marketing Week has revealed that spending on advertising by the 100 biggest advertisers increased 6% last year to £2.53bn. The three biggest spenders were Proctor & Gamble (£106m), BT (£80m) and Vauxhall Motors (£78m).Yet while advertising spend has increased for the fourth successive year, the actual rate of growth is… Continue reading Advertising Spending Increases 6% To £2.5bn
Nine month financial figures released today by News Corporation show that profit after abnormal items has dropped from $798m a year ago to $580m. Operating revenues did however rise by 10% to $7.3 bn.The UK arm of News Corporation, News International, continues its success: operating profits for the quarter are up 8% as each of… Continue reading Profits Drop At News Corporation
Cinema Media has announced that it has been appointed as exclusive sales contractor for ABC Cinemas. With 238 screens spread over 90 predominantly high street cinemas, the chain was recently purchased from Virgin Cinemas.Barry Jenkins, Managing Director of ABC Cinemas, said: “We were pleased to award the contract to Cinema Media; their position as market… Continue reading Cinema Media Wins ABC Cinemas Contract
The keynote speech at the PPA Magazines’96 Conference this morning called publishers to re-double their efforts in using computers as a means of communication. Bob Findlay of Findlay Publications, Deputy Chairman of the PPA said that the emergence of the computer will complete a hat trick for the 20th Century after radio and television, and… Continue reading Magazines ’96 Calls Publishers On-Line
BSkyB has announced nine month financial figures which show profit before tax rising 71% to £178 million, turnover up 30% to £736 million and total subscribers now at a record level of 5,349,000. These results coincide with news that BSkyB and Virgin are in talks regarding a new cable and satellite channel and the announcement… Continue reading BSkyB Announces £178m Profit And Plans For More Channels
The new CIA Sensor survey carried out by BMRB for CIA MediaLab reveals that 41% of people believe that the quality of BBC programmes has declined in the last few years, compared with 33% in 1995. Other results show that 22% of adults questioned said that they would read a national newspaper devoted entirely to… Continue reading Poll Reveals 41% Believe BBC Quality Is Declining
Laser Satellite And Cable has recruited James Gibson, Alison Reay, Greig Thirkell and Belinda Mailer to its satellite TV airtime sales venture.Gibson is appointed Sales Controller and Thirkell and Reay are appointed Account Managers. Mailer is appointed Marketing Manager and will report to Mark Brandon, General Manager of Laser Satellite And Cable. Gibson, Thirkell and… Continue reading Laser Satellite And Cable Appoint More Staff
http://www.ppa.co.uk/The PPA’s Internet site was launched at the weekend. Hosted by MediaTel, ‘Magazines.net’ is a large site full of information for both magazine and advertising industries.The site is clearly laid out and easy to navigate with one main index from which to find the relevant information. The main sections of the site are: News (weekly… Continue reading Website Of The Week: PPA
Mohamed Fayed has bought the struggling women’s radio station Viva! for £3 million. Fayed, the owner of Harrods, has been trying for some time to establish a media empire with the formation of a new media arm called Liberty Publishing. He recently tried to buy The Observer newspaper for £25 million but the bid was… Continue reading Fayed Buys Viva!
