Maiden Group has today announced the acquisition of Adlight Limited, the poster company which owns over 3,000 six sheet ad panels in supermarkets across the UK, for £15 million.Adlight’s pre-tax profits for last year were £540,000 on turnover of £3.8m. These figures do not, however, include the 2,000 panels which were constructed during 1997. The… Continue reading Maiden Buys Adlight
The much-maligned Eye section of the Independent is about to be axed, probably in favour of a broadsheet supplement covering business and sport. Michael Crozier, who had designed the original Independent, is now back on board the paper after working for Independent Newspapers on various projects before it bought the title (subscribers see Independent Gets… Continue reading Revamp Planned For Indy Second Section
WPP has announced a 13% real terms increase in quarter 1 revenues to £418.7 million, though the strength of sterling reduced the reportable growth to 8%. Net new business billings of £403m were won during the first quarter.In terms of WPP’s regional businesses, the UK showed the greatest growth with an increase in revenue of… Continue reading Revenues Rise At WPP
Publishing group Reed Elsevier is planning to invest £990 million in an expansion of its US legal information business.US publishing giant, Times Mirror Company, announced today that it was to sell to Reed both its Matthew Bender & Company business and its 50% stake in Shepard’s Company. Reed already holds the other 50% of Shepard’s.Reed… Continue reading Reed Elsevier To Spend £990m On US Expansion
Italian food specialist Buitoni has signed a £100,000 sponsorship and advertising deal with Classic FM. This will involve credits being placed around a 13-week series showcasing Italian themed operas. This will begin in June.…Scottish Amicable has signed a deal with London News Radio to sponsor personal finance bulletins which run every Saturday. The partnership begins… Continue reading Radio Sponsorship News
Monday A review of the Guardian‘s new Saturday package, which includes a travel and sports section, will appear on Newsline today.WPP release interim financial results.Tuesday Web Round-Up will be available on Newsline, as will a TV Round-Up for the month of March.Thursday Q1 RAJAR figures are released and will be available, after 2pm, in the… Continue reading The Week Ahead
Saturday saw the launch of a new package for the Guardian , with two new supplements appearing alongside a revamped Week section.Following the lead of Saturday’s Daily Telegraph, the paper now has dedicated travel and sports sections and The Week becomes Saturday. As well as changing its name, The Week now becomes more focused, benefitting… Continue reading Review: The Saturday Guardian
It has just been announced that Pearson New Entertainment has sold its Future magazine publishing group to a management buyout team for £142 million. The sale includes FutureNet, the company’s internet publication.The deal, funded by Apex Partners, will see Chris Anderson become chairman of the publisher while the management board will remain the same.Further details… Continue reading Future Goes To Management Team
The Department for Trade and Industry has said that it will be lifting the restriction which has stopped public telecoms operators (PTOs) from offering broadcast entertainment services. This will be particularly welcome for BT which will be keen to compete with the likes of Cable & Wireless Communications in the cable TV business.Margaret Beckett, president… Continue reading DTI Lifts Broadcasting Restrictions
Carlton Communications has paid BSkyB a significant proportion of the money it owed Sky following the satellite broadcaster’s departure from the British Digital Broadcasting consortium, of which Carlton is a member (subscribers see BSkyB Leaves The Alliance). When Sky was forced to leave the digital group by the ITC, it was agreed that the other… Continue reading Carlton Pays Up To BSkyB
