Sharp falls on the New York stock exchange, combined with a downgrade from Goldman Sachs, sent Reuters shares down 73p to end at £11.19.United Business Media neared the end of its first week under its new, business-centric title down 30p at £8.40. Wireless Group, having just announced investments in its Scottish interests (see Wireless Group… Continue reading Sharewatch
Press classified advertising continues to be a thriving market despite the rise of the internet as a classified medium. This is the result of a report into the market by CIA MediaLab, which shows adspend for both regional and national newspapers forecast for strong growth during 2000 and 2001.An overall increase in classified adspend of… Continue reading Classified On The Rise Despite Net Threat
The Wireless Group is to invest £1.5m in the company’s Scottish operations, which include three stations: Scot FM, based in Edinburgh, 96.3 Q.FM, based in Glasgow and Wave 102 , based in Dundee.Kelvin MacKenzie, chairman and chief executive, said: “Scotland is fundamental to the success of The Wireless Group (TWG), and these announcements demonstrate our… Continue reading Wireless Group Invests £1.5m In Scottish Radio Stations
Ipsos-RSL Ltd have been awarded the new National Research Surveys (NRS) contract, worth around £2.5m per year. The decision was made by the NRS board on 15 December to award the new contract, which runs from January to 2002 until December 2005, to the holders of the current contract on the grounds of the bid’s… Continue reading Ipsos-RSL Revealed As Winner Of New NRS Contract
The Independent Television Commission (ITC) has announced the financial terms that will be offered to Anglia Television if it chooses to apply to extend its licence for a further 10 years. The ITC has asked the East of England ITV franchise to pay a vastly reduced rate for renewal of its licence.A cash sum of… Continue reading ITC Announces Anglia Terms For Renewal
Scottish Radio was one of the best performers on the FTSE yesterday, climbing £1.02˝ to £17.05 as a sale of the group appeared imminent following a further raid on its shares by SMG (see SRH Confirms Interest From A “Number” Of Parties). SMG slipped 2p to 274p, however, as the existence of other suitors emerged.Reuters… Continue reading Sharewatch
The Independent Television Commission (ITC) has announced the financial terms that will be offered to Anglia Television if it chooses to apply to extend its licence for a further 10 years. The ITC has asked the East of England ITV franchise to pay a vastly reduced rate for renewal of its licence. A cash sum… Continue reading ITC Announces Anglia Terms For Renewal
Scottish Radio Holdings has announced that it has received approaches from a number of parties and is currently in discussion regarding the possible sale of the company. The group has been the subject of takeover rumours since rival SMG increased its stake in the group twice in as many weeks. Interest in SRH, which has… Continue reading SRH Confirms Interest From A “Number” Of Parties
NTL has refused to comment on press speculation that it is to re-enter the bidding for Premier League football pay-per-view rights. The cable group originally won the rights to screen 40 games per year for three years in the original auction in June (see How The Premier League Will Cash-In On Kick-Offs). Confidence in the… Continue reading NTL May Be Back In Running For Premier League Pay-Per-View
NTL has passed it year-end target of 500,000 digital subscribers ahead of schedule. A total 505,749 customers are now installed to its digital cable service.Launched in May this year, the company hoped to attract 300,000 customers by the year-end (see NTL Launches Digital Cable Services). By October, however, its subscription level had reached 325,000 and… Continue reading NTL Reaches Half Million Target
