The Media Business Group (TMBG) has announced to the stock exchange that it has been approached by an undisclosed party which has expressed an interest in making an offer for the Group. TMBG stresses the tentative nature of these discussions and maintains that they may or may not lead to an offer for the company.TMBG… Continue reading Media Business Group In Preliminary Takeover Talks
Sport First launched on Sunday amid not much more than a trickle of publicity (I was waiting for the ads to come along during Sky’s football and cricket coverage, but if they did I missed them. Perhaps too over the moon over Overmars). I gather there was a supporting radio campaign.The new title runs to… Continue reading First Issue Review – Sport First
The February Retail Prices Index was announced this morning as 160.3, an increase of 0.5% on the previous month and a rise of 3.4% on February 1997.Subscribers can access RPI trends by selecting “Encyclomedia” from the drop-down box at the top of this page.
The BBC yesterday announced the details of the revamped Radio 4 schedule along with plans to invest an additional £2 million year on year. The new schedule features new presenters and programmes as well as ‘enhanced’ coverage in a number of areas.The station’s new controller, James Boyle, unveiled plans to have extra coverage of arts,… Continue reading BBC Invests An Extra £2m A Year In Radio 4
The Chancellor rose at 3:31pm.Inflation to peak at 3% in 1998, and 2.5% in 1999.Borrowing will be £5 billion in 1998, and £4 billion in 1999. The Budget is expected to be balanced by the year 2000.From April next year companies will no longer have to pay Advanced Corporation Tax. Corporation Tax ceiling of 30%… Continue reading Budget Line – The Chancellor’s Speech As It Unfolds
Future Publishing has announced an addition to its craft portfolio with the launch of Stitch It! Sell It!. The magazine went on sale last week.The magazine, which is aimed at people who cross-stitch as a hobby, contains copyright-free designs which readers can make and sell as well as advice about making money from stitching.Stitch It!… Continue reading Future Launches Stitch It! Sell It!
London News Radio (LNR) is supporting its bid for a radio licence in Scotland (subscribers see London News Radio Aims For Scotland) with a specially designed website.The site holds all the details of LNR’s bid to launch Scottish News Radio and can be found at http://www.scotnews.co.uk. The site also contains live broadcasts of LNR’s other… Continue reading LNR Develops Website To Support Licence Bid
The Radio Authority will be conducting a public interest survey into Scottish Radio’s move to acquire the shares in West Sound AM that it does not already own.Scottish Radio currently broadcasts an AM service in Glasgow (Clyde 2) and has an interest in West Sound AM which provides a service in Ayr. Scottish already owns… Continue reading Radio Authority Invites Comments On Scottish Radio Move
Pearson announced its annual profits today and reported that pre-tax profits were up from £252 million to £286 million year on year. Operating profits for 1997 rose by 15% to £323 million; sales were up from £2.2 billion to £2.3 billion.Chief executive Marjorie Scardino has set the company the target of doubling the share price… Continue reading Pearson Profits Up Despite C5 Losses
In the light of a trend toward regulatory concentration, the Radio Authority (RA) has warned of the danger to commercial radio of having a single regulatory body for both commercial television and radio.In a submission to the House of Commons committee for culture, media and sport the Authority says, “there are compelling reasons why the… Continue reading Radio Must Be Regulated Separately To TV Says RA
