Time Warner and Telecommunications, the two main shareholders in Turner Broadcasting System, are considering dividing the assets of the company, which includes Cable News Network.Meanwhile, Turner Entertainment International has appointed Susan Kroll as senior vice-president of the Cartoon Network and TNT in Europe. The channel, due to launch in September 1993, will be funded by… Continue reading Shareholders In TBS Consider Split
The latest addition to the women’s magazine market, Wellbeing, launches this week with a print run of 500,000.The quarterly title, a joint venture between HHL and the National Pharmaceutical Association, focuses on healthcare and is targeting ABC1 women aged 25-44. It will not be available on newsstands but will be sold in all pharmacies which… Continue reading Wellbeing First Issue Report
Television South West the broadcasting contractor, has announced pre-tax profits of £9.17m (£1.95m) for the year ending December 1992. Turnover fell to £40.37 (£59.47m) and earnings per share rose to 28.4p from 5p.
..MD of BNL Grey, Ted Barker is leading a management buyout of the company from the Grey Network….The Advertising Association has predicted an end to the days of slumping adspends, claiming the growth in TV ad revenues is leading to a more confident future for the industry…. Richard Worrall, formerly with MAS, has been appointed… Continue reading Agency Snippets…
Classic FM, the independent radio station which launched in September, has recorded March as its strongest month yet in terms of advertising revenue – up 50% on February.The classical music station is claiming that the slot between 6am and 10pm was practically sold out during the month.Estimated weekly reach for the station is said to… Continue reading Classic FM Revenue Claims
Capital Radio’s sales director David Lees is to leave the company this month. His successor has yet to be announced.
Pre-tax losses for media buying group Aegis for the year ending December 1992 are as follows:Pre-tax losses: £1.9m (£54.4m)Turnover: £2.84bn (£2.1bn)Losses per share: 19.9p (+20.4p)Net average debt: £68m (£35m)No final dividend
Bus Advertising Business has merged with Metro-Transad with the former taking a 50% in Transad. The new company will be called Metrobus Advertising, representing in excess of 10,000 buses. Tom Goddard will be chief executive of MA, with Terry Dyer as chairman.
Redwood Publishing is planning the launch of a new motoring magazine called Top Gear. The title is thought to be launching as a fortnightly in July. Redwood Publishing has yet to officially confirm the launch but more information will be available on confirmation.Redwood Publishing: 081 576 2000
Independent Newspapers, with interests in the Republic of Ireland and the UK recorded yearly pre-tax profits as shown below (December 1992):Pre-tax profits: Ir£16m (Ir£7.97m)Operating profits: Ir£23.4m (Ir£16.2m)Total dividend: Ir5.5p (Ir4p)
