Concerns are growing that the dispute between shareholders and ITV’s management designate could flare up again over the the terms of Charles Allen’s pay contract with the newly merged company.An influential group of institutional investors yesterday forced Carlton boss Michael Green to relinquish his role as chairman of the ITV company that will result from… Continue reading Charles Allen Could Spark Fresh Shareholder Dispute
Marketers and pay-TV operators looking for the next boom area would do worse than to set their sights on Asia Pacific, judging from a new study by ZenithOptimedia. The media agency reflects on the growth of advertising and subscription revenues in the region and foretells a bright future for a number of sleeping giants.Also On… Continue reading MediaTelINSIGHT: Television Fortunes Rising In The East
The Competition Commission has approved the purchase of thirteen Independent News & Media titles in the Greater London area by Newsquest but has blocked the transfer of eight others, the Department of Trade & Industry revealed today.Earlier this year, INM agreed to sell its entire portfolio of regional newspapers to US-owned Newsquest for £60 million.… Continue reading Commission Agrees To Partial Sale Of INM Regionals
Concerns are growing that the dispute between shareholders and ITV’s management designate could flare up again over the the terms of Charles Allen’s pay contract with the newly merged company. An influential group of institutional investors yesterday forced Carlton boss Michael Green to relinquish his role as chairman of the ITV company that will result… Continue reading Allen Deal Could Spark Fresh Shareholder Dispute
Future Network has increased its influence in the videogames magazine market by reaching a deal to acquire Computec Media UK for £3.2 million. CMUK publishes the unofficial Playstation magazine, PSW, which has an average monthly circulation of more than 50,000, and Xbox World, which has sales of over 25,000 copies a month. Under the terms… Continue reading Future Expands Games Magazine Portfolio
International sales helped to boost pre-tax profits at magazine publisher Haymarket by 22% in 2002, the company has announced. Haymarket said the figure rose from £20.4 million in 2001 (see City News) to £24.9 million last year. Group revenues totalled £172.3 million, up 6.8% overall. The company publishes more than fifty business and consumer magazines… Continue reading Haymarket Reports Growth In Profits
Carlton Communications has bowed down to shareholder pressure by announcing that Michael Green will step down as chairman designate of the newly merged ITV company. The broadcaster confirmed that Green has reluctantly given in to continued calls from a coalition of city institutions for him to relinquish his role at the helm of the company… Continue reading Green Relinquishes Role As ITV Chairman Designate
The board of Granada has blocked the appointment of Michael Green as chairman of the newly merged ITV following overwhelming pressure from institutional shareholders for the Carlton boss to resign by noon today (see Carlton Defies Shareholders Over Calls To Oust Green). Granada held an emergency board meeting last night and decided that an independent… Continue reading Green Set To Go As Granada Withholds Support
Carlton and Granada were seen in the spotlight once again yesterday, down 1.38% and 0.86% respectively as wrangling over management positions at the merged ITV group continued.Independent directors at Carlton warned yesterday that shareholder pressure to oust Michael Green as chairman designate could undermine its planned £4.5 billion merger with Granada (see Carlton Defies Shareholders… Continue reading Sharewatch: Carlton Row Threatens Planned ITV Merger
Ian Finlayson, the IPA’s finance director, considers the implications of the latest quarterly Bellwether Report and asks what the future holds for UK advertisers…According to figures from the latest IPA Bellwether Report, which tracks the marketing budgets of over 250 top UK advertisers, there are reasons for optimism, despite another quarter of budget cuts.The influential… Continue reading NewsLine Column: The Road To Recovery?
