The government is yet to make a decision over radio ownership regulation, according to Culture Secretary, Tessa Jowell.Writing in today’s Financial Times, Jowell claims that the government has agreed to 120 of the 148 recommendations made by Lord Puttnam’s Joint Scrutiny Committee. However, she adds: “There are a few issues on which the government still… Continue reading Government Remains Undecided Over Radio Regulation
A consortium of German magazine group, Bauer Verlag, and Bavarian bank, HVB Group AG, has emerged as the successful suitor to the KirchMedia business, following months of bidding (see Kirch Move Prompts World Cup Rights Auction). KirchMedia, the insolvent arm of the now-collapsed KirchGruppe empire (see Kirch Investors Abandon Rescue Plans), is now in exclusive… Continue reading Bauer Consortium Takes KirchMedia
Monday’s media sector experienced a substantial rally, following the broader London equity market upwards, after some bullish guidance from investment banks and a mighty surge on Wall Street late in trading on Friday.BSkyB was the sector’s biggest riser up 9.74% after chief executive, Tony Ball, talked subscriber targets up in the weekend press. The stock… Continue reading Sharewatch
Vivendi Universal, the troubled media giant, admitted yesterday that it is under scrutiny in the United States over its accounting practices. The US attorney’s office for the southern district of New York has opened a criminal investigation and will work in conjunction with the Miami office of the Securities and Exchange Commission, which is carrying… Continue reading Vivendi Facing US Probe
Chrysalis Radio has announced that Caroline Feraday is to join LBC in the new year as a daytime presenter.Feraday currently presents The Weekend News on BBC Radio Five Live and has also been carrying out assignments for GMTV.Mark Flanagan, managing director of LBC, commented: “We are delighted that Caroline has decided to join us for… Continue reading LBC Boosts London Offering With New Signing
Analysis of the latest TV revenue figures for September reveal an over-all year on year increase of 7.3% for the UK’s main terrestrial channels. Increases were seen across the board, but the sector’s biggest riser year-on-year was Channel 5. The channel is fast emerging as a major player in the advertising arena, with the launch… Continue reading TV Market Round-Up – September 2002
Week on week analysis of the media sector revealed a solid performance, with stocks recovering after last weeks sell off, despite mixed economic news.On the corporate newsfront, Independent is in focus after posting a £15.7 million loss, despite a cost-cutting drive. The stock was seen down -1.13% week-on-week.While Telewest remains in focus after the beleaguered… Continue reading Sharewatch
Vivendi Universal is understood to have written to its bank lenders outlining a plan to take control of the French telecoms company, Cegetel, without increasing its substantial debt burden. According to a report in today’s Financial Times, the media group is proposing to create a special purpose vehicle with which it would make the acquisition… Continue reading Vivendi Talks To Bankers About Cegetel Bid
ITV is close to finalising a multimillion-pound interactive television deal with BSkyB, according to a report in today’s Times.It is understood that the terrestrial broadcaster has already agreed the commercial terms and is now concluding the technical arrangements for the new service.The deal will enable BSkyB’s digital viewers to register their votes for shows such… Continue reading ITV Set To Go Interactive With BSkyB
The Independent and Independent On Sunday newspapers turned in a loss of £15.7 million during 2001, according to a report on Media Guardian today. The site refers to the annual report of the papers’ parent company, Independent News & Media (INM), filed at Companies House last week. INM bought the Independent titles in 1998 and… Continue reading Losses Continue At Independent Titles, Says Report
