Scottish Media Group has announced the resignation of its group finance director, Gary Hughes, who is to take up the same position at Emap at the end of September. George Watt, currently financial controller and treasurer, will temporarily replace him with immediate effect.Hughes had been part of the group since 1996 and had followed its… Continue reading Scottish Media Group Loses Finance Director To Emap
GWR Group announced better than expected trading patterns for the first quarter of this year. At the company’s AGM this morning chairman Henry Meakin said revenues had shown “exceptional year on year growth.”As a result the group, which owns Classic FM as well as 38 local licences, across the UK, is trading ahead of its… Continue reading GWR Group Trading Ahead Of Forecasts
The 5% fall in half year profits reported by Reed Elsevier yesterday (see Profits Fall 5% At Reed Elsevier) was not as bad as analysts had expected. As a result, shares in Reed jumped 39p to £5.66.Radio interests appeared to be good prospects during yesterday’s trading, as Scottish Radio rose 75p to end £15.02½ and… Continue reading Sharewatch
Bright Station reported good progress towards the transformation of its business in its interim results released this morning. Despite pre-tax losses of £3.2 million for the six month period to the end of June, the group, which was formed from the remaining e-commerce and web solution assets of Dialog earlier this year (see Dialog To… Continue reading Bright Station Reports Good Progress In Interim Results
High street newsagent chain WHSmith is trialling M-cast, a screen-based system for in-store promotion, in one of its London Metro stores. The system, developed by Australian company Info-Onscreen, allows stores to target consumers with offers and promotions at the point of purchase.The system uses screens placed around the store. These can either be programmed to… Continue reading WHSmith Trials In Store Screen Advertising
The Guardian Media Group has agreed to sell its remaining interest in television production company, GMG Endemol, to Telefonica. The deal, announced on Newsline yesterday (see Guardian To Sell Television Interests), will allow the company to concentrate on its newspaper, radio and internet assets.Bob Phillis, chief executive of GMG, said: “Major alliances in the US,… Continue reading GMG Confirms Sale Of Endemol
NTL reported losses of $616.5m (£410.3m) in its second quarter results today, an increase of 77% compared to the same period in 1999. However revenues have increased year-on-year to more than $3.25bn (£2.16bn) over the three-month period to the end of June, partly thanks to the acquisition of Cable & Wireless (CWC) (see Government Clears… Continue reading NTL Reports Growing Losses Despite Digital Take-Up
If you’ve ever wondered why the BBC has had to launch a national campaign to find new talent, look no further than Sky’s autumn schedule to find out where all the old talent went. Sky does not reveal how its budget compares with the BBC’s £189 million, (see BBC To Spend £189 Million On Autumn… Continue reading Terrestrial Stars Go To Sky For Autumn
The Guardian Media Group is expected to announce the sale of its television production interests later this week. Its 50% stake in GMG Endemol, which made Channel 4’s Big Brother, is to be sold to Spanish telecoms group, Telefonica, according to reports.GMG Endemol is a joint venture between GMG and Dutch group Endemol Entertainment and… Continue reading Guardian To Sell Television Interests
US internet advertising revenues almost broke the two billion dollar mark during the first quarter of 2000. The news from the Internet Advertising Bureau’s (IAB) Internet Ad Revenue Report that the figure for that period reach $1.953 billion comes less than a year after the $1 billion per quarter mark was reached.Revenues were reported to… Continue reading Quarterly Revenue From US Online Advertising Nears $2 Billion
