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Yesterday’s trading statement by Granada Media, coupled with a downgrade at the beginning of the week by Merrill Lynch, has caused shares in the company to fall very steeply. Between Monday and close on Wednesday, Granada Media stock has lost 23.6% in value, closing at 438p on Wednesday. The trading statement, whilst on the whole… Continue reading Granada Stock Fall ‘Could Be Worrying’ Says FT

The merger of United News & Media’s ITV assets received overwhelming approval from its shareholders. At an extraordinary general meeting the majority voted in favour of a sale to Granada Media, following the announcement of the deal in July this year. Sir Roland Hampel, chairman of United, said: “United’s shareholders have recognised the outstanding value… Continue reading United Shareholders Approve Granada Merger

Maiden Outdoor reported a sales increase of 30% in its interim results today, as predicted earlier this year (see Maiden Expects To Be Bowled Over By First Half Results). Pre-tax profits improved to £5.2m in the six month period to the end of June, compared to a loss of £0.9m for the same period last… Continue reading Maiden Reaps Success Of Outdoor Boom

The date for the end of TV advertising as we know it has been set, as BSkyB has officially announced that its TiVo personal television recorders (PTR) and service will be available in the UK from October. Ever since the broadcasters announced they would be introducing this new technology into the country earlier in the… Continue reading Personal Television Recorders To Hit Shops From October

Almost half of all adults in the UK have accessed the internet at some time, according to the latest quarterly survey from the Office of National Statistics. A total 45% – or 20.4m adults – have logged on at least once, although those embracing the new technology are increasingly male and from the professional classes.A… Continue reading Almost Half Of All Adults Now Online

The merger of United News & Media’s ITV assets received overwhelming approval from its shareholders today. At an extraordinary general meeting the majority voted in favour of a sale to Granada Media, following the announcement of the deal in July this year (see Granada Takes Control Of ITV).Sir Roland Hampel, chairman of United, said: “United’s… Continue reading United Shareholders Approve Granada Merger

The Advertising Standards Authority (ASA) has named Lord Borrie as its next chairman. Borrie will take over from present incumbent Lord Rodgers in January next year. Rodgers has held the position for the past six years. The new chairman, who has been appointed for the next four years, has previous experience at the Office of… Continue reading Appointments Brief

Shares in Granada Media continued to tumble this morning after the company issued a trading statement predicting a slowdown in ad revenue during 2001. After a significant downgrade from Merrill Lynch sent shares sliding yesterday (see Granada And Carlton Stock Tumbles After Downgrade), stock fell a further 12% after the group said it could not… Continue reading Granada Predicts Slowdown In Ad Revenue, Announces Completion Of United Deal

Virgin Radio has announced a new three part marketing strategy, and will launch the first stage on 9 October. From this time, advertisers will be able to use Virgin’s online radio service as a separate advertising medium to Virgin Radio.The programming of the internet and digital channel will remain the same, but it will be… Continue reading Virgin Launches Separate Branding For Online Radio Stream

Media stock was out of favour with brokers yesterday with a number of cuts to profit forecasts affecting stock in the sector badly. Granada Media was the worst casualty; it ended yesterday the worst performer on the FTSE after Merrill Lynch slashed its forecasts amid slumping ad revenues for ITV (see Granada And Carlton Stock… Continue reading Sharewatch