The long-running battle to take control of regional newspaper publisher, Portsmouth & Sunderland Newspapers (P&SN), looks set to end today as Johnston Press moves in with an agreed takeover offer of 2,225p per share.The offer values P&SN at £266 million and is a 15.4% premium on the company’s closing price of 1,950p yesterday. Johnston’s moves… Continue reading Johnston Seals Portsmouth & Sunderland’s Fate With £266m Offer
In its submission to the BBC Funding Review Panel, the Independent Television Commission (ITC) has voiced strong opposition to the introduction of a higher licence fee for digital television (DTV) viewers. The Commission today said:“Digital television is an important growth area in which there is currently considerable UK leadership. If this is to be sustained… Continue reading ITC Opposes Digital Licence Fee And BBC Advertising
The Radio Authority has put out to tender the local digital radio multiplex for the Cardiff and Newport area. This is the seventh digital radio multiplex to be advertised by the radio regulator (see Newsline).The proposed licence will cover an area with an adult population of about 800,000. The RA hopes to award the licence… Continue reading RA Continues To Advertise Local Digital Radio Multiplexes
Advertising expenditure in Ireland enjoyed an increase of 18% to Ir£85 million in the first quarter of this year, according to IAPI’s monthly review, AdSpend.Irish media buying specialist, Media Bureau, has re-analysed the IAPI data itself and finds that all TV expenditure in Q1 is up by 22% – this includes an estimated Ir£2.3 million… Continue reading Irish Ad Expenditure Up 18% In First Quarter
Talk Radio is in negotiations to buy Morecambe-based radio station, The Bay, for an expected £3.5 million. Talk’s negotiations for the station, which has 110,000 listeners a week, are understood to be exclusive.The Bay is owned by media and football club owner, Owen Oyston, who was jailed for rape in 1997. In April last year… Continue reading Talk Radio To Buy Oyston Station
Inflation has dropped below the Government’s 2.5% target rate, according to new figures. Underlying inflation in April fell to 2.4% after picking up to 2.7% in March because of the effect of the Budget duty increases on petrol and tobacco, the Office for National Statistics said today.The headline rate of inflation – which includes mortgage… Continue reading Inflation Dips Below Target
Dow Jones and Reuters are to combine their interactive business services, Dow Jones Interactive and Reuters Business Briefing, in venture that will hold combined revenues of over $225 million (£139 million).The new company, called Dow Jones Reuters Business Interactive LLC, will be a leading global service provider of proprietary and third-party business information to corporate… Continue reading Reuters And Dow Jones Link Up Internet Business Services
Following news that Reuters is to combine its interactive business services with Dow Jones to form a new company called Dow Jones Reuters Business Interactive LLC (see Newsline), Reuters rose 4˝p to 891˝p by the close of trading yesterday. By 11 o’clock this morning, Reuters had risen to 909p.Capital Radio climbed 4p yesterday to 865p… Continue reading Sharewatch
Capital Radio has reported a strong set of interim results, with radio profit up 12% to £18.8 million for the six months to 31st March 1999. Radio turnover was up 18% to £51.7 million and group turnover also rose by 14% to £63.3 million.In terms of radio advertising revenue, sales house Capital Advertising leads the… Continue reading Capital Radio Reports Profits Up 12%
The latest national newspaper circulation figures, released by the Audit Bureau of Circulations (ABC) at the end of last week, show that most papers’ sales are falling. A monthly comparison of the six months to April 1999 shows that none of the papers has turned in any significant sales growth. National Newspaper April 1999 ABC… Continue reading National Newspaper ABC Round-Up – April 1999
