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Ian Pay, chief executive of the free newspaper London Metro has stepped down from the position. Having worked for its publisher Associated Newspapers for 18 years he will be replaced by managing director of the Evening Standard Kevin Beatty. ITV has created a new post of director of corporate affairs. Nicola Howson, currently vice-president of… Continue reading Newsline Brief
The Guardian Unlimited network of websites has appointed three new editors. Paul MacInnes is promoted from writer to editor of Football Unlimited; Ros Taylor will edit Education Unlimited, the recently-launched online resource for parents and teaching professionals and Patrick Barkham moves from News Unlimited to edit Work Unlimited. Redwood Publishing has appointed Amanda Pitt as… Continue reading Appointments Brief
The UK’s second-largest cable company, Telewest Communications, last night finalised a deal with rival group NTL to take control of the Cable London cable franchises. The £428 million deal sees Telewest acquire NTL’s 50% stake in Cable London; Telewest already owns the other half of the company.NTL had set the conditions and price for the… Continue reading Telewest Takes Control Of Cable London In £428m Deal
British Sky Broadcasting has given its entire advertising account to St Luke’s as restructuring of the company takes place in the wake of the resignation of Ian West (see Restructure Planned At Sky As Ian West Departs). Sky Entertainment, the distribution division West headed, has been merged with Sky Networks, the programming divusion run by… Continue reading St Luke’s Handed £50m Creative Account Following Sky Restructure
Television audience research body, BARB, has been bought by a consortium called BARB Protem, which comprises the BBC, the ITV Network, the Institute of Practitioners in Advertising (IPA), Channel 4, Channel 5 and BSkyB. Previously the body was owned in duopoly by the BBC and ITV.The new ownership structure is part of BARB’s preparation for… Continue reading BARB Gets New Ownership Structure
The change in calculations of the FTSE indices, announced last night, will be good news for some media companies but bad news for others. BSkyB, Daily Mail & General Trust and Telewest Communications will all lose out in the new weighting rules which state that companies must have more than 75% of shares available to… Continue reading Sharewatch
Global advertising network, Young & Rubicam (Y&R), has acquired UK creative agency Rainey Kelly Campbell Roalfe (RKCR) in a deal believed to be worth around £25 million. The merger will put the Rainey Kelly management team in control of the Y&R London division.The new agency, called Rainey Kelly Campbell Roalfe/Y&R, will move into the UK’s… Continue reading Young & Rubicam Acquires Rainey Kelly
Shares in magazine publisher EMAP, which have fallen since circulation figures were released recently (see Sharewatch), today began to rise after a note was sent to the Independent at the weekend claiming that EMAP had received takeover approaches from other publishing groups. By 2:45pm today, EMAP stock was up 8p at 990p.An EMAP source claims… Continue reading EMAP Shares Rise Over Anonymous Rumours Of Takeover Approaches
If proof were needed that the internet will be the preferred business medium of the 21st century a recent report will confirm any doubts. Media agency Optimedia has published its research into the development of the internet and e-commerce in the UK and its estimates for growth in the sector go beyond all previous forecasts.Its… Continue reading Feature: Internet Set To Become Fastest Growing Media Ever In Terms Of Ad Revenue
