Revenue Total terrestrial television revenue for September 1999 (including GMTV) came in at £262.7 million, according to agency estimates. The ITV Network took £184.7 million of this, a year on year increase of 12.9%; Channel 4 took £54.6 million, up 10.8% and Channel 5’s ad revenue was up 32.4% at £16.8 million.Revenue for GMTV dropped… Continue reading TV Market Round-Up – September 1999
Shares in WPP took a tumble yesterday after its climb earlier in the week following good third-quarter results (see Sharewatch). Morgan Stanley Dean Witter downgraded its recommendation from “outperform” to “neutral” on valuation grounds. Prices closed down 31p to 643˝p.Cable and Wireless Communications rose yesterday as the group announced the launch of its digital services… Continue reading Sharewatch
Independent News & Media, owner of the Independent, has appointed former leader of the Liberal Democrats Paddy Ashdown MP and former Chancellor of the Exchequer Kenneth Clarke MP to its UK board of directors. The appointments are announced at the same time as the group relocates its UK businesses, including the two Independent papers, to… Continue reading Politicians Join Independent Board
Shares in WPP rose by 12p yesterday to a record high of 674˝p. The advertising and marketing group reported a revenue growth of almost 12% in its quarterly trade report (see WPP Reports Revenue Growth).Other companies in the advertising sector reaped the rewards of its success. Saatchi & Saatchi rose 12˝p to 233p.Emap, however, sustained… Continue reading Sharewatch
Turner Broadcasting is launching a radio service based on its Cartoon Network channel for kids. Toon FM will see the channel’s most famous characters, including Johnny Bravo, Cow and Chicken and I Am Weasel make the transition to radio during the half-term break.Broadcasting across central London and the north-west under the terms of a restricted… Continue reading Cartoon Network Launches Radio Show
IPC this week announced a new look for Melody Maker. Its transition to a glossy A4 magazine is designed to create a clearer role for the 72-year old publication as the music newspaper of choice for younger readers.Its core readership of 16-19 year olds will be primarily catered for in the relaunch. Aiming to bridge… Continue reading Melody Maker Unveils Radical New Look
Capital Radio announced yesterday the restructuring of its divisions in preparation for further growth and the launch of digital radio.Three distinct areas will be formed to be overseen by a regional managing director: Capital stations in Birmingham, Oxford and Cardiff will form a Western region; a Southern region will include stations in Kent, Sussex and… Continue reading Capital Restructures Radio Operations
New research from the Henley Centre has shown that advertising spend for both newspapers and magazines now offers similar value for money. The time devoted to magazines has seen an increase as the time spent reading newspapers has decreased so that the two now offer comparable ad value in terms of cost per hour of… Continue reading Mag Ads Are Now Better Value
Cable & Wireless Communications has begun to roll out the UK’s first national digital cable service in London and the South-East. The group has been trialling the service in Manchester since July (see Digital TV To Cost CWC £60m).Digital facilities will be available to the 600,000 customers in the area by the end of next… Continue reading CWC Brings Digital Cable To London
Rugby legend Gareth Edwards and television weather presenter Sian Lloyd have joined the board of The Radio Corporation which is bidding to run the new regional radio service for the South Wales area.Gareth Edwards will chair the consortium which is spearheading an application from The Rox-Wales 105, a new service which claims to be in… Continue reading Local Personalities Join Bid For South Wales Licence
