Bob Seelert, chief executive of global ad agency Saatchi & Saatchi, today set the company a target of achieving a 25% earnings per share growth (EPS) during 1999. The agency also posted a 30.6% rise in pre tax profits and EPS up by 28.8% to 8.5p for the year ended 31 December 1998.So far this… Continue reading Saatchi & Saatchi Chief Sets 25% EPS Growth Target For 1999
Stan Park, former commercial director of Talk Radio, has joined radio news and information provider, MetroNetworks. He will fill the same role, newly-created role at MetroNetworks, and will have a seat on the company’s board.MetroNetworks provides news, sports, traffic and travel information to over 70 commercial and BBC Local Radio Network stations across the country.… Continue reading Former Talk Commercial Director Joins MetroNetworks
Anglo-Dutch publisher, Reed Elsevier, this morning posted a fairly gloomy set of annual financial results and warned that less favourable trading conditions in some markets suggest 1999 will not be a year of any significant profit growth. Pre-tax profits were down by 6% to £773 million whilst turnover grew by 6% to £3.2 billion. The… Continue reading Reed Elsevier Warns Of No Growth In 1999
Advertising agency Cordiant Communications, which demerged from Saatchi & Saatchi just over a year ago (see Cordiant Confirms Demerger Plans), has today posted a strong set of financial results in the face of growing takeover rumours.Pre-tax profits at the group were up by 20% to £25.9 million for the year ended 31 December 1998; earnings… Continue reading Cordiant Stifles Takeover Rumours With Strong Results
On Monday evening this week ITV unveiled its new evening schedule replacing over 30 years of the News at Ten. According to unofficial overnight figures, the new ITV Evening News, at 6:30pm, slightly outperformed the previous Monday’s edition of News at Ten. The first, brightly-coloured ITV Evening News had an audience figure of 7.2 million,… Continue reading First ITV Evening News Gains 7.2m Viewers
Granada showed a substantial rise in its share price of 47p to 1293˝p yesterday. Granada Television owns a number of franchises in the ITV Network, which this week launched its new schedule after the removal of its News At Ten bulletin (see Newsline).BSkyB’s shares rose 18źp yesterday to 560źp. It emerged this week that the… Continue reading Sharewatch
The UK telecommunications watchdog, OFTEL, has decided not to change the current telephone pricing system which has enabled the rapid growth in free internet access services over the recent months. In a long-awaited consultation (see OFTEL Consultations To Examine ISP Phone Pricing), OFTEL today said that it will not alter the revenue pricing system of… Continue reading OFTEL Decision Safeguards Free Net Access For 2˝ Years
The Pearson Group, publisher of the Financial Times, today released its results for the year ended 31 December 1998, recording a 19% leap in operating profit, which rose to £389 million during 1998. Adjusted earnings per share climbed 20% to 42p.Pearson acquired US publishing group Simon & Schuster from Viacom for $4.6 billion (£2.8 billion)… Continue reading Pearson’s Overseas Interests Boost Profit
Talk Radio is to launch a promotion for its new breakfast show using scratch cards in the Sun, the Mirror and the Daily Record. The new show, the Big Boys Breakfast, starts next Monday, 15 March (see Newsline).The promotion also begins next week, and runs for a fortnight. It will be backed up by a… Continue reading Talk Radio In Breakfast Prize Giveaway
Regional publisher Northcliffe Newspapers has developed online shopping facilities for its This Is… network of sites through a deal with multimedia retailer Internet Movie and Video Shop (iMVS). Visitors to one of the nine current Northcliffe regional This Is… websites will be able to purchase CDs and videos with a 10% discount until 31 March.Northcliffe… Continue reading Northcliffe Drives Online Shopping Via ‘This Is…’ Sites
