The legal feud between Maurice Saatchi and Cordiant ended yesterday, with both sides agreeing to an out-of-court settlement. As part of the settlement former Saatchi executives will be free to work for the new Saatchi agency from the end of May. However, the new agency is not allowed to hire any more of Cordiant’s existing… Continue reading Saatchi Agreement
The Telegraph has announced pre-tax profits of £16.2m for the three months to the end of March 1995. This figure was boosted by a £7.5m profit made from the sale of a stake in Carlton Communications.The group blamed the price war for poor operating profits, which fell by 63% to £4.5m. Revenues from newspaper sales… Continue reading Telegraph Blames Results On Price War
The Lawyers for Cordiant, the renamed Saatchi and Saatchi, and legal representatives of Maurice Saatchi’s new advertising agency are to meet again this week in an attempt to reach an out of court settlement in the dispute between Maurice Saatchi and his former company.The two sides are due to be in court next month to… Continue reading Saatchi Lawyers Seek Agreement
Vauxhall Motors, Thomas Cook Nationwide Building Society and Churchill Insurance are the first advertisers to go on line with BTA’s new AdRail Interactive information points.AdRail are the first on line advertising opportunities in the outdoor medium and go live next week (29 May 1995). Each information point has touch screens and features sound, graphics and… Continue reading AdRail Interactive
Mr Rupert Murdoch, the Chairman of News Corporation, said he did not care if the government introduced new rules limiting an individual media owner’s share of the total marketplace to 15 per cent. Mr Murdoch accused his critics of paranoia and suggested that there was something wrong with Britain.Mr Murdoch was speaking on BBC2’s Money… Continue reading Murdoch: C5 To “Start Off Crippled”
Classic FM, whose licence runs out in the year 2000, has launched a campaign to change the way radio licences are awarded. The station wants the government to put the renewal of national commercial radio licences on an equal footing with the ITV franchises; ITV companies can renegotiate their annual payments to the Treasury with… Continue reading Classic FM Campaign To Change Radio Rules
The Independent Television Commission has issued a statement following the first meeting to discuss the Channel 5 applications. The statement makes clear the ITC view on the two applications with identical cash bids; those from Channel 5 Broadcasting Ltd and Virgin TV Ltd.The ITC makes it clear that it would regard any collusion between applicants… Continue reading ITC Statement On Identical Channel 5 Cash Bids
Capital Radio has announced results for the 6-months to March; pre-tax profits were up 52% to £12.7m. Richard Eyre, managing director, credited structural changes in the way the company attracts advertisers, particularly through providing a single point of purchase for Capital’s 11 stations.
The ITC has awarded the local delivery licence for Northern Ireland to CableTel Northern Ireland Ltd. CableTel submitted the highest of the four bids for the franchise, £14.42 million.CableTel also controls cable operations in Greater Glasgown, South Wales, West Surrey and East Hampshire, Hertfordshire and Yorkshire. This will make it the fourth largest UK cable… Continue reading CableTel Wins Northern Ireland Franchise
Future Publishing is to launch a science fiction magazine next week. SFX, a monthly title available from 23rd May will focus on all aspects of science fiction including comics, films, TV and books. It has a cover price of £3.00 and an initial print run of 50,000.Mono page rate is £1117; Colour page rate is… Continue reading New Sci-Fi Title
