Chiltern Radio has today announced details of its objections to GWR’s £21.3m takeover bid. The board said that the offer seems designed for the benefit of Chiltern’s two largest shareholders, DMGT and Capital Radio, who hold 37%, and prejudices the smaller shareholders.The board said that an offer including a cash alternative is essential, and estimates… Continue reading Chiltern Radio – GWR Offer Prejudices Minority Shareholders
Greg Dyke, chairman and chief executive of Pearson TV, a partner in Channel 5 Broadcasting with the MAI group, described the auction of the C5 licence as a “disaster.”Speaking at a debate on Channel 5 at the National Film Theatre, Mr Dyke said, “It is no way to allocate a scarce television resource like a… Continue reading Dyke: Channel Five Auction Will Be A “Disaster”
The two largest shareholders in Metro Radio, the Newcastle based commercial radio operator, yesterday announced that they were selling their stakes. Capital owns 18.1% of Metro, and Chrysalis 19.5%. John Josephs, managing director of Metro said the company would prefer the 37.6% holding to go to as wide a range of institutions as possible.One likely… Continue reading Two Shareholders Sell Shares In Metro
A research study into consumer attitudes towards Sponsorship and Promotions on commercial radio has been commissioned by Media Sales and Marketing.A Media Sales and Marketing pilot study revealed that nearly all agencies and clients were keen to know more about consumers’ reactions to sponsorship and promotions on radio. Agencies in particular were interested to have… Continue reading Radio Sponsorship And Promo Research
John Fairley, former Yorkshire Television managing director has been appointed chief executive of the consortiium that put in the highest bid for Channel 5, UKTV.The UKTV consortium which was put together by CanWest, last week pledged to donate 1% of pre-tax profits if it were to win the licence. Donations would go to a charitable… Continue reading UKTV Appoints Chief Executive
June 1 saw the Radio Authority members meet and consider the Governments proposals on media ownership. The Authority welcomes the Government’s approach to, and in particular its recognition, of a continuing case for specific regulation governing media ownership. The Authority strongly supports the need to preserve diversity, while recognising the case for introducing greater flexibility… Continue reading Radio Authority Verdict On Ownership Proposals
The combined ITV/C4 revenue for April, based on agency estimates, came in at £178.685 million, up 13.2% on last year. ITV only was £140.447 million, and C4 was £38.24 million, a split of 79:21, a decrease on the last two month’s share, when C4 achieved 22%.In terms of contractor shares, YTTV and Central performed best… Continue reading Television Round-Up – April Revenue
Gambling is one of the most popular leisure activities in the UK, and with the advent of the National Lottery we are likely to become a nation addicted to gambling, according to Mintel’s report out today on gambling.Prior to the lottery’s launch about 74% of the UK population gambled in one form or another; around… Continue reading Lottery Turns Us Into Gamblers
EMAP have announced profits pre tax profits £63.9m, a leap of 40% from £45.7m in the year to April 1. Turnover rose to £547.1m from £362.9m.£265m was spent on 38 French magazine titles, the remainder of radio group Trans World Communications and the publishing business of Maclean Hunter.
According to leaked Rajar figures for April, published in Broadcast, Radio 1’s audience has increased by 500,000 – weekly reach figures have increased from 10.5m in Q1 1995 to 11.05m for April. These figures include the first week of Chris Evan’s new breakfast show.Virgin Radio which launched it’s FM service on 10 April, has also… Continue reading Radio 1 Halts Decline
