More Uk articles
Newcastle-based independent radio group, Forever Broadcasting, has bought Grand Central Broadcasting (GCB), holder of Chesterfield’s Peak 107FM, for £4.8 million, the company announced this morning. In the year to 30 September 2000, the latest period for which it has audited financial statements, GCB recorded a turnover of £741,904, a loss on ordinary activities after taxation… Continue reading Forever Broadcasting Buys Chesterfield’s Peak 107FM
Hundreds of jobs are about to be axed at troubled digital terrestrial broadcaster, ONdigital, according to a report in this Sunday’s Observer. Citing unnamed sources, the article claims that ONdigital’s owners, Carlton Communications and Granada, are to cut the staff numbers later this month in a determined effort to cut costs. The news comes as… Continue reading Job Losses Expected As ITV Restructures
Following the dismissal of high profile DJ, Chris Evans, from Virgin Radio last Thursday (see Virgin Terminates Evans’ Contract), shares in SMG dropped 6.92%, week on week, to finish at £1.81˝, down 13˝p on the previous week.Week on week analysis also reveals that confidence in ITV partners Carlton and Granada was not seriously affected by… Continue reading Sharewatch
UK radio broadcaster UBC Media Group has this morning turned in a set of financial results ahead of the market’s expectations. Turnover rose by 46% to £6.2 million and gross profit reached £1.7 million, up 35% on last time. During the year UBC launched and co-founded Oneword, the only national commercial digital station dedicated to… Continue reading UBC Turns In Good Figures As Digital Ventures Develop
The ITV network is to rebrand as ITV1 later this year to reflect the extended family of brands created by the integration of digital terrestrial platform, ONdigital.Announcing the rebranding strategy ITV chief executive, Stuart Prebble, also confirmed that from 11 July ONdigital will become ITV Digital and ONnet the internet TV service will become ITV… Continue reading ITV Rebrands As ITV1
As reported last week (see Forecasts) the latest figures from Zenith Media spell further doom for ITV. Zenith have reduced their forecasts for growth in television revenue from 3.6% for the year to -0.8%. Net Advertising Expenditure Prices In Current Prices (£m) 1996 1997 1998 1999 2000 2001f 2002f 2003f 2004f 2005f 2006f TV… Continue reading UK Advertising Revenue Forecasts From Zenith Media
An investigation is underway after the main BBC channels were forced off air during peak time viewing on Saturday night due to a technical fault.Viewers watching BBC1 were left with nothing but a blank screen for twenty minutes, between 9.25pm and 9.45pm, as a power failure at the White City complex in west London caused… Continue reading BBC Blackout Prompts Migration To ITV
The ‘mega-deal’ era may be over according to PricewaterhouseCoopers’ mid-year M&A forecasts. The current lull in activity has been brought about by declines in stock market valuations and caution amongst corporate buyers brought about by economic uncertainty. Bob Filek, a partner in the Transaction Services group which compiled the report, said, “Those waiting for a… Continue reading Global M&A Market May Not Recover Until Q4 2002, Says PricewaterhouseCoopers
Emap Confirms US Business SaleEmap has confirmed the sale of its USA business to US consumer publisher, Primedia, for approximately $515 million (£366 million). The disposal has been anticipated for some time and follows Emap’s failure to effectively consolidate the finances of the business – a problem which lead to the eventual resignation of chief… Continue reading Emap Confirms US Business Sale