The impending changes in the ITV line- up, as announced yesterday, will have a widespread effect on the sale of TV airtime.The trend of the past few years towards joint airtime sales houses is likely to accelerate, even within the coming months, and those winners who put in high cash bids may look to sales… Continue reading Implications For Airtime Sales
Yesterday’s announcement by the ITC of the Channel 3 franchise winners resulted in frenetic activity on the Stock Exchange, with share prices reacting quickly to the fates of the TV companies.LWT, one of the big success stories of the franchise round , saw its shares rise 53p to 198p. Granada, who also did well yesterday,… Continue reading Financial Effects Of Franchise Awards
Thames Television, TVam, TVS and TSW have all lost their franchises.TVS lost their franchise because their bid was too high, it has been announced by the ITC.Winners are Carlton, Sunrise, Meridian and West Country TV. BIDS *SUNRISE £34.61m TV-am £14.13m Daybreak £N/A *CARLTON £43.17m Thames £32.69m CPV-TV £45.32m *LWT £7.59m LIB £35.41m *CENTRAL £2,000 *GRANADA… Continue reading TV Franchise Winners
1 GRANADA WINS ON QUALITY2 TSW BIDS HIGH – BUT LOSES3 TV-AM STATEMENT4 THAMES’ RESPONSE
The ITC has awarded eight of the 16 licences to bidders who did not pledge the highest cash amount, and was not moved to invoke the exceptional circumstances clause.Of those incumbents that failed in their bids, TVS and TSW did so because it was felt that they could not sustain their programming proposals. “It did… Continue reading Commentary
The ITV companies will today be asked to put up an emergency sum of £6.5m in an effort to avert a financial crisis at ITN (Newsline 10/10). ITN has also warned staff of “painful” cost-cutting measures.
Michael Mander, a director of Thomson Directories and Southnews, and former vice chairman of the AA, has been appointed the new JICNARS chairman. Mander will take over on a part-time basis from 7 November.JICNARS: 071 235 7020.
The Independent is to cut staff by 10% over the next year because of declining ad revenue Andreas Whittam Smith announced yesterday.
London sports paper Full Time (071 937 3535), which launched on 27 July, has folded due to lack of sales and a poor response from advertisers. A spokesperson from Full Time’s printers, Probrook, confirmed to MediaTel today that no paper was printed on Saturday and that the title has closed.
Geers Gross defied the pessimistic pundits who see only doom and gloom in the advertising industry by reporting an increase in pre-tax profits of 97%, from £161,000 to £317,000 for the first six months of the year. The increase in profits was attributed to a change in commercial strategy and tighter financial controls. The company… Continue reading Geers Gross Profits
