The Chiltern Radio Network has announced plans for expansion, with plans to acquire other stations in 1995. Colin Mason, managing director of Chiltern Radio Network has announced that the Group has made a pre-tax profit of £514,000 in the year to September 30 1994, an increase of £760,000 compared to the 1993 loss of £246,000.The… Continue reading Chiltern Radio Expansion Plans
The National Heritage Secretary Stephen Dorrell has approved the two BBC commercial satellite services in Europe; the two licences are exempt from requiring an Independent Television Commission licence, but they must be operated as if they were regulated by the ITC.Also the two services must not be directed at UK audiences, and there must be… Continue reading BBC Commercial Services Approved
Qualities The latest round of ABCs for November show all the quality titles except the Financial Times losing circulation in their monthly figures. The effects of the price war do seem to have peaked, with the Times’ monthly figure dropping by 1.4% on its October figure to 606,147%, the biggest decrease in this sector. Its… Continue reading National Press Round-Up – November
Gold Greenlees Trott have this morning announced interim results; pre-tax profits were up 18.75% from £2.24m last period to £2.66m. The chairman said that the UK trading environment remains tough.
GWR Group has announced results for the year ending September 30. Pre-tax profits were up 240%; last year’s profits were £913,000; this year’s figure was £3.112m. GWR shares were up 9p this morning to 885.… Allied Radio has announced annual results. The pre-tax loss was £0.9m, but an improvement on last year’s loss of £1.45m.… Continue reading Radio Results
The Daily Mail and General Trust has today announced annual results for the year ending October 2. Pre-tax profits were up 43% from £64.4m last year to £92.1m, seemingly none the worse for any price war knock-on effects. The company said, “Our largely UK-based businesses continue to experience improving advertising markets”. DMGT’s shares rose 5p… Continue reading Daily Mail Profits Up 43%
It has been announced this morning that the annual rate of inflation rose to 2.6% in November. The rate is 0.2% up on the figure for October. These figures are higher than had been forecast.The underlying rate, excluding mortgage interest payments, rose to 2.3% for November from 2% in October.
Disagreements at the Saatchis board may mean the resignation of its chief. Maurice Saatchi has said that if the name of the advertising group’s holding company is changed to exclude Saatchi, the founder and executive chairman may resign. Non-executive directors want to change the name; the issue is likely to come to a head on… Continue reading Saatchi May Resign
According to a new Mintel survey into the Women’s Magazines sector, the total consumer magazine market was valued at just over £1 billion for 1993, of which women’s magazines accounted for some £305m. Despite the fact that the sector has been undergoing a long term decline in volume sales, women have been increasing their expenditure… Continue reading Women’s Magazine Survey – Special Interest Titles Growing
Camelot last night was granted an injunction preventing Mirror Group Newspapers and News International from naming the winner of last Saturday’s lottery. The legal action was taken after the Mirror and Sun had almost certainly discovered the identity of the winner, who had opted for anonymity. Other details about the winner have been published however.Shadow… Continue reading Court Ban On Naming Lottery Winner
