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The Boards of Carlton Communications and Granada last night said that a “fundamental restructuring of ITV Digital’s cost base must be concluded as a matter of urgency in order to secure the long term future of the business.” The financial viability of the troubled digital terrestrial business has been the subject of speculation for some… Continue reading ITV Digital Requires ‘Urgent Fundamental Restructuring’ Say Owners

The slump in advertising revenue currently being suffered by the global media industry is set to continue in many countries, but this does not overly worry newspaper investors, according to Morgan Stanley analyst Matthew Owen. He feels that the current, cyclical downturn looks worse because of the contrast with the preceding boom time, but says… Continue reading Newspaper Investors “Not Worried” By Ad Slump

Combined revenue generated by the ‘big three’ US television – ABC, CBS and NBC – networks dropped more than 10% in 2001 – the largest annual loss in network history, according to a Hollywood Reporter story published today. Quoting the Broadcasting Cable Financial Management Association, the site says that this decline is a further indication… Continue reading ‘Big Three’ US TV Networks Suffer Record Revenue Falls

Carlton Communications chairman Michael Green, today told the company’s AGM that the advertising market remains weak and that he is unable to predict with any uncertainty the timing of a resumption in growth. Nevertheless, Green reassured that Carlton is well-positioned to benefit from a recovery in demand for advertising, when it does transpire. ITV revenues… Continue reading ITV Revenues Predicted To Be 12% Down In Five Months To February

The Boards of Carlton Communications and Granada last night said that a “fundamental restructuring of ITV Digital’s cost base must be concluded as a matter of urgency in order to secure the long term future of the business.” The financial viability of the troubled digital terrestrial business has been the subject of speculation for some… Continue reading ITV Digital Requires ‘Urgent Fundamental Restructuring’ Say Owners

Cable operator NTL and satellite TV group BSkyB yesterday criticised the Office of Fair Trading for its lengthy process in electing not to make a decision about a programming deal between the two groups, opting instead to simply close the file. The proposal from Sky and NTL was to allow the wholesale of premium content… Continue reading Pay-TV Groups Disappointed With Sluggish OFT

Carlton Communications, which had done well in the first few days of this week, lost its appeal somewhat with the announcement that merger talks with Granada were off (see Carlton And Granada End Merger Talks). Shares in Carlton slipped 7p or over 3% over the course of the day, ending at £2.21. Granada did better,… Continue reading Sharewatch

Major UK media players, Carlton Communications and Granada Media, have announced that discussions regarding a possible merger have been terminated.Any potential merging of the interests of the two major ITV shareholders would have been dependent on an anticipated change in current legislation which limits the percentage of advertising share which can be controlled by any… Continue reading Carlton And Granada End Merger Talks

The OFT has decided to close the file on a cable distribution agreement between BSkyB and ntl without making a decision. The deal would have entitled ntl to receive discounts on wholesale rates for Sky’s channels, in return for a commitment to increase distribution of the channels.A spokesman for Sky said: “It is disappointing that,… Continue reading Sky/NTL Deal Shelved By OFT

Carlton and Granada have issued a statement saying that “a fundamental restructuring of ITV Digital’s cost base must be concluded as a matter of urgency in order to secure the long term future of the business” and that Deloitte & Touche have been appointed to help in this task.ITV Digital remains some way behind its… Continue reading ITV Digital To Restructure; Merger Talks Revived?