JCDecaux has secured the right to handle street furniture sales for the city of Blackpool.The deal will see JCDecaux supply 200 advertising panels and bus shelters in Blackpool city centre, along its famous sea-front and in its shopping and entertainment centre.The agreement with Blackpool Transport incumbent, MediaCo, begins immediately and makes Blackpool a key part… Continue reading JCDecaux Secures Blackpool Street Furniture Deal
France Télécom has completed the sale of the Dutch cable operator Casema in a deal worth €665 million. Providence Equity Partners and the Carlyle Group will each take a 46% share of the business with GMT owning the remaining 8%. Casema is the third largest cable television operator in the Netherlands and has approximately 1.3… Continue reading Casema Sold To Private Equity Groups
According to press reports, AOL Time Warner has sold its 8.4% stake in Hughes Electronics, the parent company of DirecTV. The Wall Street Journal claims that a $800 million deal has been brokered with the Bank of America which is expected to sell the shares on the open market. Hughes is a subsidiary of the… Continue reading AOL Sells Hughes Stake For $800 Million
A slow but steady improvement in sales continued throughout 2002 for outdoor contractor, Maiden Group, although turnover is not likely to achieve the levels anticipated at the release of the group’s financial results in September (see Maiden Pushed Into Red By Tough First Half). The recovery slowed significantly towards the end of 2002, with a… Continue reading Maiden Sees Good Start To 2003, But Demand Is Inconsistent
A merger of the cable firms Telewest and NTL will not take place for at least another year, according to a report in today’s Guardian. The newspaper claims that bondholders want both management teams to achieve operational targets before they provide more funds and support amalgamation. This will come as a surprise to many industry… Continue reading UK Cable Merger Put On Hold
The media sector has continued to feel the brunt of the plummeting stock market this week, with all but seven of the media companies listed in MediaTelINSIGHT Sharewatch showing falling prices yesterday. UK stocks have been falling for well over a week now as market uncertainties – particularly the spectre of war – cause company… Continue reading Continuing Share Falls Slash Media Company Values
As expected, Deutsche Telekom (DT) looks set to sell its cable assets to a consortium of financial investors for between â‚Ź1.7 billion and â‚Ź2.0 billion. The price range falls slightly short of the â‚Ź2.2 billion that DT had hoped to secure for the six regional cable franchises. The Financial Times today says that the deal… Continue reading Deutsche Telekom To Net
The media sector was seen under pressure again on Monday as the FTSE entered its eleventh consecutive day of losses, its lowest closing point since October 1995.Investor’s nerves continued to be frayed by the threat of US-led military action against Iraq and all eyes will be on President George W. Bush, who will deliver his… Continue reading Sharewatch
The Chartered Institute Of Marketing (CIM) has launched a campaign to assess whether advertisers are ignoring the potential wealth of the over 50s in the travel market.The campaign will ask whether marketing should be adapted to maximise the potential of the over 50s market and will present special reports and research alongside a best practice… Continue reading CIM Launches Campaign To Assess Marketing To Over 50s
Chrysalis has announced its intention to extend its LBC format outside of London by bidding for the third regional FM licence for the West Midlands.The radio group plans to use the licence, due to be advertised by the Radio Authority next month, to launch a sister station to the recently acquired LBC (see Chrysalis Strengthens… Continue reading Chrysalis Bids To Extend LBC Format To The West Midlands
