Jeff Henry, UK chief executive of Hallmark TV, has left the channel after its purchase by a conglomerate group led by former chief executive of Five, David Elstein.The deal, said to be worth £127 million, saw private equity groups 3i and Providence Equity Partners back Elstein’s acquisition of the Hallmark Channel’s international operations earlier this… Continue reading Hallmark Loses Chief Exec Following Elstein Takeover
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Global advertising company, WPP has announced a 15% increase in profits for 2004 to £546 million, reflecting the continued recovery of the advertising market. The second largest advertising company in the world, reported that revenue was up almost 5% to £4.3 million for last year, and that diluted earnings per share rose by over 11%… Continue reading WPP Reports Good 2004
Publishing and media group, United Business Media (UBM), has reported an increase in profit of 36.9 % up to £141.4 million for the financial year ending 31 December 2004. The group saw growth across all sections, with turnover up 8.4% to £809.6 million and operating profit up by 33.1% to £132.3 million. UBM’s operating margin… Continue reading UBM Reveals Strong Profits For 2004
Jeff Henry, UK chief executive of Hallmark TV has reportedly left the channel after its purchase by a conglomerate group, led by former chief executive of Five, David Elstein. The deal, said to be worth £127 million, saw private equity groups 3i and Providence Equity Partners back Elstein’s acquisition of the Hallmark Channels international operations… Continue reading Chief Executive Leaves Hallmark TV
ITV shareholders have ruled out the possibility of involvement in breaking up Scottish Media Group (SMG), damaging Lord Alli’s proposed takeover bid of Virgin Radio for private equity company 3i. Lord Alli had hoped to win support from ITV shareholders in his bid for Virgin, after the Glasgow-based media group had rejected his previous offers… Continue reading ITV Rules Out Helping Alli Buy Virgin
BSkyB’s controversial acquisition of the live coverage rights to England’s test cricket matches has been given the green light by Ofcom following a consultation with the nation’s broadcasters and viewing public.Ofcom’s decision will allow BSkyB to broadcast exclusive coverage of test matches played in England in 2006-2009, while highlights of matches will be broadcast by… Continue reading Sky’s Cricket Deal Gets Thumbs Up As Five Scoops Highlights
Terrestrial heavyweights ITV and Channel 4 look set to slug out the battle for Crown Castle’s remaining airspace on Freeview alone, after the broadcast firm left rivals out of the last round of applications for the licence.Reports this morning suggest that Crown Castle has invited the two broadcasters to expand upon their proposals for the… Continue reading ITV To Face Channel 4 Over Empty Freeview Slot
Britain’s magazine industry faces a radical shake up following the Office of Fair Trading’s decision yesterday that its distribution arrangements were anti-competitive.The OFT ruled that existing distribution agreements are not compatible with existing competition law, a decision that could lead to a legal challenge from 1 May, when the Department of Trade and Industry’s vertical… Continue reading Magazine Distribution Faces Shakeup Over New Laws
Trinity Mirror has launched its second local newspaper in as many weeks, this time targeting the affluent South West Midlands region with a new paid-for weekly newspaper covering the Solihull and the Warwickshire areas.The Solihull & Warwickshire Guardian will provide local residents with an intelligent round-up of the week’s news every Thursday, available to buy… Continue reading Trinity Targets Affluent Midlanders With Paid-For Weekly
Consumer group Which? has launched the latest salvo in the battle against food advertising to children, calling to the Food Standards Agency to draw up guidelines on the use of cartoon characters to promote products to young audiences.The consumer watchdog points to the results of its recent study into the area, dubbed Shark Tales and… Continue reading Advertisers Slammed Over Cartoon Food Campaigns
