Radio group GWR rose 52˝ to a record 790p after announcing the launch of its internet arm, Ecast Ventures (see GWR Group Launches New Internet Company).Telewest jumped almost 9% to close at 456ź as bid rumours pushed the stock.Granada, however, continued to shed after a poor recommendation earlier in the week (see Sharewatch).The closing prices… Continue reading Sharewatch
GWR announced today the launch of a new internet business, Ecast Ventures. Investing £6.5 million in the business, it aims to target the radio group’s 10 million weekly radio listeners with local and national sites.A local portal, koko.co.uk, will eventually be developed into a national network of locally orientated websites providing news and information. The… Continue reading GWR Group Launches New Internet Company
Granada shed 37p to 601p yesterday after Charterhouse Securities said that last week’s boost to the stock (see Sharewatch) – which saw it rise by 16% – had been overdone.BSkyB also saw losses after a recent run of high prices. It was one of the worst performers on the FTSE yesterday, losing 119˝p to £16.87˝p.The… Continue reading Sharewatch
An official value has been placed on Channel 5 for the first time since its inception, almost three years ago, as an 18% stake held by Warburg Pincus was sold last night to three existing shareholders for £172 million. At this price the whole of the terrestrial broadcaster is worth more than £1 billion.Warburg put… Continue reading Channel 5 Valued At £1bn By Sale Of Warburg Stake
The Telegraph Group has developed a new advertising strategy to promote its Daily Telegraph and Sunday Telegraph newspapers, which will run each month throughout this year. Concentrated bursts of advertising, dubbed “focus fortnights” by the group, will concentrate on specific editorial areas, beginning tomorrow with travel.Developed by Mindshare and JWT, the campaigns will break across… Continue reading Telegraph Adopts New Advertising Strategy For 2000
The Word, a one-stop-shop regional press sales house, is set to close its business at the end of the month. The demise of the company follows the resignation of its chief executive, Gavin Caldwell, in October last year (see Newsline Brief). It was understood that Caldwell was frustrated at not being able to expand the… Continue reading The Word Set To Close
Month On MonthThe national newspaper sector saw an overall increase in sales of over a million copies between December 1999 and January this year, according to the latest data released by the Audit Bureau of Circualtions (ABC). Some particularly strong performances from the News Of The World, Mirror, Sunday Mirror and Sunday Times helped boost… Continue reading National Newspaper ABC Round-Up – January 2000
Chief executive of Capital Radio, David Mansfield, has called on the government to demonstrate its committment to digital radio by announcing a switch-off for analogue radio. Speaking at a reception to mark the launch of Capital’s new digital radio station, Life (see Capital Launches New Digital Station On National Network), he encouraged the swift development… Continue reading Capital Calls For Analogue Radio Switch-Off Date
The Institute of Practitioners in Advertising (IPA) and the Trinity Mirror newspaper group have reached an agreement for compensation claims by advertisers resulting from false circulation claims by three titles in Trinity Mirror’s portfolio. The IPA and Trinity have been in discussions for some time trying to agree a satisfactory format for compensating advertisers that… Continue reading Trinity Mirror And IPA Agree Payment Terms Over Birmingham Papers
Month On MonthThe national newspaper sector saw an overall increase in sales of over a million copies between December 1999 and January this year, according to the latest data released by the Audit Bureau of Circualtions (ABC). Some particularly strong performances from the News Of The World, Mirror, Sunday Mirror and Sunday Times helped boost… Continue reading National Newspaper ABC Round-Up – January 2000
