Midland Independent Newspapers has reported its first results since its flotation. The interim results to June 30 show pre-tax profits more than doubling to £4.8m from £1.9m, an increase of 150%. MIN’s titles include the Birmingham Post and Evening Mail, and the Coventry Telegraph. MIN’s shares fell 17p this morning, to 137p, reflectig city caution… Continue reading Midland Newspapers Profits Up 150%
The Independent Television Commission has announced that, following a review of GMTV’s performance this year, it will not be imposing any threatened sanctions.Earlier in the year, as part of its annual review of the performance of Channel 3 licensees, the ITC issued a formal warning to GMTV that if there was no improvement, specifically in… Continue reading GMTV Given Reprieve By ITC
The Incorporated Society of British Advertisers is to set up a new working party to focus on advertising issues within the new media, specifically the interactive and multi-media areas.The working party will be chaired by Jane Jee, managing director of Access Brand. The working party will seek to identify opportunities and pitfalls for advertisers, as… Continue reading ISBA To Investigate Multimedia Opportunities
QUALITIESThe effects of the price war continue to show among the quality newspapers, with The Times’ monthly figure up 68.7% on August 1993 to 597,636. The Times also recorded a very healthy increase in its 6-monthly ABC, up 45.6% year on year to 526,121. However, the Independent cutting its cover price on 1 August seemed… Continue reading National Press Round-Up – August
NBC Super Channel has signed a new transmission contract with BT’s Broadcast and Satellite Services (BSS); worth £30m the contract is for 10 years. The new service involves a move from Eutelsat II’s F1 satellite to the new Flight Six “Hot Bird I” satellite at 13 degrees East. All of NBC’s services will transfer to… Continue reading NBC Super Channel To Transfer
The IPA is calling on the ITC to approve the readvertisement of the fifth channel at their meeting today. Adrian Birchall, chairman of the IPA’s future of broadcasting working party, said, “Given that the Government has now decided that the licence fee should be the main source of finance for the BBC’s public services until… Continue reading IPA Call For C5 Approval
The Independent Television Commission has announced that it is to readvertise Channel 5. Applications to run the UK’s fifth television channel will be invited in November.It plans to award the licence by competitive tender in the autumn of next year.ITC/C5 DETAILSThe Independent Television Commission has announced today that it intends to re-advertise the licence for… Continue reading ITC To Advertise C5
The Association of Media Independents has this week been renamed the Association for Media and Communications Specialists. The new organisation is open to companies involved in sponsorship, consultancy and communications. The news comes at the same time as MBS, former member of AMI, left to join the IPA. (Newsline 13/9).
Mirror Group Newspapers has announced that it plans to launch a national cable television channel.The new subscription channel, to be called Live TV, will be distributed to more than 500,000 homes and will focus mainly on live events. MGN has teamed up with cable operators Comcast, US West and Southwestern Bell. MGN did bid for… Continue reading Mirror To Launch Cable TV Channel
Aegis has announced results for the six months to June 30; pre-tax profits were up 46.4% from £9.7m to £14.2m. Aegis underwent refinancing last October for £60m. Roger Parry, group development director, said the figures had been transformed by the refinancing.
