Reuters today announced a drop in revenue and profits for the year ended 31 December 1997 due to the strength of sterling. Revenue was down 1% to £2.882 million (up 9% excluding currency rates) while pre-tax profits fell 3% to £677m (up 11% excluding currency rates).Meanwhile, the costs of the Millennium Challenge, a global communication… Continue reading Strength Of Sterling Hits Reuters
The Producers Alliance for Cinema and Television and the Periodical Publishers Association have announced their joint commitment to encouraging the production of “masthead” programmes, programmes produced as joint ventures between print publishers and TV producers. Since March 1997 the ITC has permitted the production and broadcasting of such programmes on non-terrestrial channels in Britain. The… Continue reading UK: Masthead Programming
The ITC has announced that Channel 4 is to pay £89.9 million to the ITC for distribution to ITV licensees under the statutory arrangements of the Broadcasting Act 1990. The Act states that where Channel 4’s revenue exceeds 14% of the total television qualifying revenues of ITV, Channel 4, Channel 5 and S4C, 50% of… Continue reading Channel 4 To Pay ITV Statutory £90m
IPC has announced its first new magazine launch as an independent company (subscribers see IPC Magazines Gains Independence). Living etc is described as a “home magazine with personality, vitality and spirit” and is aimed at “design conscious, aspirationally stylish women (and men) in their twenties and thirties.”The title goes on sale on March 6 and… Continue reading IPC Announces New Title
“If electronic cash transactions are to increase in future, the question of consumer protection cannot be left to wait. Customer confidence is a major problem for these new methods of payment. This is why our committee believes the Commission’s paper has come at just the right time and why we have given it our unanimous… Continue reading EU: Electronic Cash Rules
Despite the currency turmoils in parts of the Far East the outlook for growth in the Asia-Pacific TV and information sectors is rosy, according to a study by the US investment bank Salomon Smith Barney. TV revenues in the region will grow by an average 13 per cent annually in the years up to 2005,… Continue reading US: Asian Turmoil No Problem
The Russian Space Agency is to establish a subsidiary company which will sell advertising space on its missions into space and in other related areas. The aim is to obtain more revenues to fund space exploration as the Space Agency now gets only 50 per cent of its expenses from the national budget.
A new survey commissioned by MediaTel has found that 94% of the radio industry believes that it will be 10 years before digital radio becomes available in the majority of homes.The full-scale study into the viability of digital radio in the UK was conducted during November 1997 – January 1998 amongst commercial radio companies, the… Continue reading The Future Of Digital Radio
Following an initiative by Emma Bonino, Commissioner for Consumer Policy, the European Commission has decided to propose the creation of a legal framework for the financing of Community activities under consumer policy. This framework has a budgetary allocation of ECU 114 million for five years (1999-2003). The Bonino proposal will focus on four priority areas:… Continue reading EU: Budget For Consumer Policy
The EC will participate in the Council of Europe’s work on the drawing up of data protection guidelines for the Internet. While these guidelines will not be binding, member countries of the Council of Europe (all EU Member States) will agree to secure their adoption by businesses, users and public authorities. The Commission intends ensuring… Continue reading EU: Internet Guidelines
