IPC Magazines’ Southbank Group has been reshuffled. Four senior positions have been created and two sales controller roles have been scrapped. Justine Southall, ad director of Marie Claire has taken additional control of Options and Woman’s Journal, to become known as ad director of the fashion titles.Debbie Turner, ad controller of Options and Woman’s Journal… Continue reading IPC Southbank Reshuffle
As the Chancellor makes his second “mini-budget” this afternoon to make up the £1.5bn lacking after the government’s defeat over VAT on fuel, speculation is growing that he may put VAT on newspapers, books and magazines.Other options include increasing excise duties further or increasing the basic VAT rate to 18%. Newsline will again cover the… Continue reading Second Budget Today
The British Sky Broadcasting offer price has been set at 256p, valuing the satellite group at around £4.4 billion. BSkyB said that the share offer has been oversubscribed five-fold. Sam Chisholm, chief executive, said, “The response from investors all over the world has been overwhelming.” At the offer price the issue’s net proceeds are estimated… Continue reading BSKYB Valued At £4.4bn
Yesterday Walt Disney announced that it has reached an agreement with BSkyB to launch The Disney Channel as a subscription service next autumn. The channel will be available free to BSkyB subscribers who already take both premium film channels.The launch of the channel in the UK will be the first in Europe under the Disney… Continue reading BSKYB To Offer Disney Channel
GMTV is to increase the number of macro regions it has from four to six, to come into line with the Channel 4 macro regions. The changes will not take place until the end of April 1995. CURRENT GMTV MACRO REGIONS SCOTLAND Border, Grampian, STV NORTH Central, HTV, Granada, YTTV SOUTH London, Anglia, Westcountry, Meridian… Continue reading GMTV Shifts Macro Regions To Align With C4
Border Television has also released results this morning. Interim pre-tax profits were up 5.9% to £849,000, compared to £802,000 for the same period last year.
Saatchi & Saatchi anounced yesterday that it is to open Zenith Media USA, following months of rumour and speculation. Saatchis claim this is “An important step in the development of the world’s first global media buying agency, Zenith Media Worldwide.”Zenith Media USA, which will begin operations in January 1995 will operate through headquarters in New… Continue reading Zenith Launched In US
Four Four Two, the football magazine from Haymarket magazines, which launched on 1 May 1994 has released its first ABC. For the issues between 1 August and 31 October its ABC is 58,600. The UK & Eire figure is 58,324.
The Bank of England has increased its base rate by 0.5%; it now stands at 6.25%.The rise comes after Chancellor Kenneth Clarke’s monthly meeting with the Governor of the Bank of England. The base rate rise was in line with the policy of keeping inflation down, said Clarke; and he saw no reason to delay… Continue reading Base Rates Increased By 0.5%
Carlton Communications has this morning released results for the year ending September 30. Pre-tax profits were up 50.9% from £126.06m last year to £190.23m this year. Chairman Michael Green said “1994 was a year when we increased our investment in TV”.Carlton’s shares were up 21p this morning to 873.
