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Tony O’Reilly is attempting to increase his stake in Newspaper Publishing by 5% to 29.9%, with a partial cash offer worth 350p. The deal is conditional on clearance from Michael Heseltine; it allows O’Reilly to withdraw his offer if DTI assent is not granted by May 31. A shareholding of 29.9% is just below the… Continue reading O’Reilly Bids To Raise Stake
ITV has reacted to yesterday’s announcement from the ITC that the licence for C5 is to be re-advertised, supporting the ITC’s call that the Government decide whether the frequencies should be made available for digital television.Nigel Walmsley, Chairman of the ITV Engineering Policy Group commented, “While the ITC has a duty to consider the case… Continue reading ITV Calls For Government To Decide On Digital Strategy
The Radio Authority has announced the award of the re-advertised ILR FM licence for the Bradford area to the incumbent, Sunrise FM. The new licence will come into effect on 1 January 1995.The local radio licence for Belfast has been re-awarded to 96.7 BCR (Belfast Community Radio Services Ltd), the existing licensee. The new licence… Continue reading Local Radio Licences Awarded
Mirror Group Newspapers has raised its takeover offer to £3.50p a share; this values Newspaper Publishing at £73.65m and is £1 a share higher than the original offer from the consortium. It matches the price paid by Tony O’Reilly for his 24.99% stake.Independent directors are due to meet this morning to consider the offer, but… Continue reading MGN Raises Bid For Independent
The ITC has issued a statement today confirming that they intend to re- advertise the licence for Channel 5. However, the ITC first needs assurance from the Government that the necessary frequencies will remain available; ie that C5 is not incompatible with the longer term strategy for digital television. Work is also continuing on the… Continue reading Channel 5 Likely Say ITC
It was reported in the weekend press that the controlling stake in Trans World Communications, the second largest commercial radio company in Britain, is up for grabs. The opportunity has come about because Owen Oysten wishes to sell his 24% stake in the company.Trans World Communications owns four radio stations; Piccadilly in Manchester, Red Rose… Continue reading Radio Takeover Battle Begins
TV Messages (impacts) for January will be delayed this month whilst data is re-calculated by AGB.The reason for this is that the timings of commercial spots for Granada, Border and Scottish Television have been found to be incorrect between January 4th and February 3rd 1994. Provisional timings instead of actual transmission times were provided and… Continue reading TV Messages Delayed