Journalists at the Independent and Independent on Sunday yesterday voted to reject the bid put forward by MGN. Journalists passed a resolution saying that the deal “goes against the principles on which our papers were founded”. They called for the bid to be referred to the Monopolies and Mergers Commission and questioned whether David Montgomery,… Continue reading Independent Staff Oppose MGN Bid
The London Media Group has today announced that CIA (UK) Holdings Ltd has bought its entire issued share capital.Martin Shaxon, managing director of LMG told MediaTel that”the deal will enable LMG to stand alone within the CIA Group, and will do within the foreseeable future. The deal will enable LMG to use the experience and… Continue reading CIA Acquires London Media Group
The rumoured merger between Gold Greenlees Trott and Young & Rubicam looks set to be decided next week.Rob Minton-Taylor of Y&R Europe told MediaTel that talks are still under way; he hinted that other agencies may be involved in the merger talks.
The Rugby Football League yesterday announced a £1m sponsorship package. The games celebrates its centenary next year with the Rugby League World Cup. This has no specific sponsor as yet, but both England and Wales will compete under the sponsorship of John Smith’s.Silk Cut, Regal and Stones Bitter are all supporting an extensive programme of… Continue reading Rugby League Sponsorship
It has been announced this morning that Mirror Group Newspapers has signed an agreement with the founders of the Independent, and the Spanish and Italian shareholders.The consortium will make an offer for all the Shares in Newspaper Publishing not already owned by the members of the consortium. (52.92%) It is intended that discussions will be… Continue reading Independent Signs Deal With MGN
The European Union draft “distance selling” directive, which would have prevented advertisers from demanding cash with orders has been amended after lobbying.The directive now omits all reference to the proposed ban on cash with order. Under the previous draft, consumers ordering goods by post would have been entitled to wait for the goods to arrive… Continue reading Distance Selling Draft Amended
Classic FM, the UK’s first national commercial radio station, has been awarded one of the first new national commercial radio licences in Holland. Classic FM’s programming in Holland will be similar to the UK, branching into jazz later on in the evening.Peter Michael, Chairman of Classic FM, said, “Our long-term objective is to build a… Continue reading Classic Expands To Holland
Midland Independent Newspapers, publisher of the Birmingham Post and Mail and the Coventry Evening Telegraph, is to go ahead with a Stock Exchange Flotation in March. It is likely that between 30 and 40% of the company will be sold. In the six months to June the group made operating profits of £7.8m on turnover… Continue reading Midland Independent – March Flotation
LWT’s attempts to attract a foreign investor to help it ward off the threat from Granada have failed. The Takeover Panel is understood to have refused permission for US West to take a stake of 29.9% in LWT.On Friday Michael Heseltine, trade and industry secretary, ruled that the bid could proceed without the need for… Continue reading Granada/LWT Bid Latest
The BBC has announced details of plans for Radio Five Live, the news and sport network radio station to launch on March 28.There will be news on the hour and the half-hour, sports headlines on the hour and, on the half-hour a full sport summary. Two of the presenters will be Sybil Ruscoe, news presenter… Continue reading Plans For Radio Five Launch
