Mercury Asset Management, LWT’s biggest institutional shareholder with 14%, has accepted Granada’s cash and share offer. This means that Granada now has acceptances for 42.2% of LWT. MAM’s verdict was seen as particularly significant as it also holds 16% of Granada, and in effect had to choose between the two managements.The bid deadline is 3pm… Continue reading Mercury Accepts Granada Bid
The top agencies of 1993 are announced in today’s Campaign, according to Register Meal billings. Saatchi and Saatchi came top again, increasing billings by 16% to £242m. However, JWT, which is usually a close second, this year fell to third, nudged out by Ogilvy and Mather. H K McCann was the fastest growing agency of… Continue reading Top Agencies 1993
The Telegraph newspaper group has today reported an increase of pre-tax profits of 35.9%, up from £44.3m to £60.2m for 1993. The chairman said the group as a whole is gradually assuming a more international character with almost 20% of pre-tax profts now arising from interests outside the UK. Advertising revenues in Britain were up… Continue reading Telegraph Profits
According to a report in today’s Guardian, which claims to have seen confidential documents released by the MGN consortium to the directors, Andreas Whittam Smith will sell the bulk of his 7.6% holding to his partners in the bid. The Mirror says it wants a 25% stake to give it some say in the commercial… Continue reading Independent Board To Recommend MGN Bid
BT is planning to create “information superhighways”, which would be capable of delivering inter-active video, banking and shopping services into homes. The investment programme could involve replacing much of BT’s copper wire networks with fibre-optics, and could cost more than £10bn.The plan would enable services on demand to be supplied, not just video on demand;… Continue reading BT Plans Superhighways
January cinema admissions were 1.96 million (average weekly admissions). This is down 18.1% on January last year; however January 1993 was considerably higher than usual, well over 2 million admissions, because of the release of Dracula. 1994’s figure is still up compared to all previous years.
Both the IPA and ISBA have reacted angrily to the ITC plans for Channel 5. The ITC’s decision to await a government announcement on digital television has brought claims that the ITC has bowed to pressure from the ITC companies, who are against an increase in competition. A statement issued by ISBA said, “ISBA believes… Continue reading Advertisers Angry Over C5 Document
..ITV has announced its entries for this years Golden Rose television festival in Montreux, Switzerland. The event is divided into three categories; entries are:Comedy – Rik Mayall Presents: Dancing Queen – GranadaMusic – Barrymore – LWTMiscellaneous – The Hypnotic World of Paul McKenna – Carlton
The new society magazine billed as a cross between Hello and Tatler, Voila! is out this week. The glossy monthly with a cover price of £1.50 is edited by Dai LLewellyn; contributors include Prince Mangal Kapoor, the Marquess of Blandford and Lady Bernard.The subjects covered editorially are no less grand than the writers; this issue… Continue reading Voila! – First Issue Review
