Britain’s leading internet company, Freeserve, reported increased losses in its interim results released today. Pre-tax losses for the 12-week period to the 11 November fell to £20.5m, compared to £3.6m for the same period last year.Increased investment was to blame as the group revealed the full extent of its problems as it prepares to be… Continue reading Freeserve Reports Increased Losses Ahead Of Sale To Wanadoo
The Radio Authority received three applications for the West Midlands regional digital multiplex licence in time for the deadline on Tuesday 12 December. The licence takes in an area including Birmingham, Wolverhampton and Coventry, which has an adult population of up to around 3.3 million.The requirements of the licence are that, in addition to providing… Continue reading Radio Authority Receives Three Applications For West Midlands Digital Licence
Northern & Shell, the new owner of Express Newspapers, has sold the group’s internet sites for a nominal fee. The ownership of the sites – which include Express.co.uk, Sportlive.co.uk and Allaboutparents.com – has been transferred to stockbroker Seymour Pierce for £1.The move is part of a series of cost-cutting moves by Northern & Shell chairman,… Continue reading Desmond Pulls The Plug On Express Websites
Attic Futura is set to launch a teen entertainment magazine based around SM:TV/CD:UK, ITV’s Saturday morning show hosted by Ant and Dec. Called CD:UK, it will launch in February priced £1.80 and targeting a core audience of 14 year old girls, setting it in competition with Top of the Pops, Smash Hits and Live &… Continue reading Launches And Closures
The Radio Authority has announced the award of two digital licences for the North Eastern Area. It has been confirmed that sole applicant Emap Digital Radio has been awarded the licence for Humberside (see Emap Bags Humberside Digital Licence), while the MXR consortium has won the North East region licence, with a proposal including the… Continue reading Radio Authority Dishes Out Digital Licences In North East
Daily Mail & General Trust released full year results yesterday which were lower than some analysts had hoped for (see Expansion Of Metro Eats Into Profit At DMGT). As a consequence, shares in the company lost 57p to end at £8.28.United News & Media has predicted better news for its full year balance sheet. Having… Continue reading Sharewatch
Daily Mail & General Trust has reported a 7% dip in pre-tax profits during 2000 to £191.5 million. The group said increased expansion costs were to blame for the fall from £205.0 million for the same period last year. Turnover was up 15% at £1.9 billion and operating profit rose 23% to £311.5 million. The… Continue reading Expansion Of Metro Eats Into Profit At DMGT
Northern & Shell, the new owner of Express Newspapers, has sold the group’s internet sites for a nominal fee. The ownership of the sites – which include Express.co.uk, Sportlive.co.uk and Allaboutparents.com – has been transferred to stockbroker Seymour Pierce for £1. The move is part of a series of cost-cutting moves by Northern & Shell… Continue reading Desmond Pulls The Plug On Express Websites
A 30% drop in cinema admissions for the month, compared to last year, has been blamed on a lack of crowd-pulling blockbusters. Admissions for November reached 9.2m, with the top five films grossing £20.2m. During November 1999, the top five films, which included The Sixth Sense and The World Is Not Enough grossed £39.6m, almost… Continue reading Lack Of Blockbusters Bring November Cinema Admissions Down
Bruce Haines, chairman of Leagas Delaney, has been nominated to replace Rupert Howell as President of the Institute of Practitioners in Advertising (IPA) from April 2001. The formal election process will take place at the same time as elections of IPA officers at the AGM on 24 April 2001. Each year one third of IPA… Continue reading Appointments Brief
