More Uk articles

Indebted UK cable company, Telewest Communications, this morning said that it has reached a non-binding agreement with its senior lenders and bondholders over the terms of its new bank lending facilities (see Telewest Positive On Restructuring Plan). The amended bank facilities total £2.2 billion and will provide Telewest with ‘substantial liquidity’ that should meet the… Continue reading Telewest Agrees New £2.2bn Bank Lending Terms

The acquisition of Galaxy Radio Wales by Vibe Radio Services has been referred to the Competition Commission for investigation. Competition minister, Melanie Johnson, said that she is concerned that the deal, already completed (see Chrysalis Takes GWR’s LNR And Sells Galaxy 101), might reduce competition for local radio advertising in the Bath and Bristol areas.… Continue reading GWR Questions Competition Referral Of Vibe’s Galaxy Acquisition

US cable giant, Liberty Media, has for the second time declined to increase its stake in UK cable operator, Telewest Communications, indicating that its European cable ambitions may be on the wane. According to a report on FT.com, Liberty passed up the chance to buy Microsoft’s 25% holding in Telewest, despite having first rights on… Continue reading Liberty Media Passes Up 25% Telewest Stake Opportunity

Cable operator NTL has finally emerged from bankruptcy protection after restructuring its debt to satisfy creditors. The company will now be split into two parts, NTL Incorporated, featuring its UK and Ireland business, and NTL Europe. Lenders have agreed to swap $10.9 billion in debt for equity. NTL’s parent company initially applied for Chapter 11… Continue reading NTL Emerges From Bankruptcy

Media stocks were seen under pressure on Monday, as a weak start on Wall Street, falling oil prices and disappointing economic numbers weighed on sentiment.Investors were seen considering rumours of a possible take-over of Carlton by German Bank WestLB, which was strongly denied by Carlton. The stock was seen falling 1.85%.Elsewhere, troubled telecom group Cable… Continue reading Sharewatch

BT has announced that it is cutting the cost of its high speed internet connections for both consumers and businesses in an attempt to drive broadband take-up in 2003.All new broadband accounts in the first quarter of the year will now be activated free of charge and the cost of modems will also be reduced.According… Continue reading BT Hopes Broadband Price Cuts Will Deliver

Ad agency Feel has secured the contract to publicise the launch of new lifestyle magazine, Indobrit, at the end of this month.The new magazine, which is targeting both second generation Asian Brits and non Asians, will feature a mix of fashion, entertainment and topical articles.It is expected that the launch will spark controversy over an… Continue reading Feel Secures Launch Contract For New Indobrit Magazine

2002 was an undoubtedly turbulent year for UK media, with the collapse of ITV Digital, the publication of the Communications Bill and news of Carlton and Granada’s impending merger set against the backdrop of the ongoing advertising downturn. With 2003 still in its infancy, James Papworth, ad marketing manager at IPC Prospector, looks back over… Continue reading NewsLine Column: A Fascinating Year For UK Media?

ITV1 scored a ratings victory last night with a special double bill of Coronation Street pulling in 60% of the available audience.According to unofficial overnight figures from BARB, the first instalment of the soap attracted an average of 15.3 million viewers and an audience share of 60.2%. The second part, scheduled to begin after EastEnders… Continue reading Coronation Street Bloodbath Delivers Viewers

Andy Coulson, the deputy editor of the News of the World, is believed to have been appointed to succeed Rebekah Wade, who took over from David Yelland today as editor of The Sun (see New Sun Editor Says Job Is Best In Newspapers).News International has refused to confirm speculation, but Coulson has been linked to… Continue reading Coulson Set To Succeed Wade At News Of The World