The Rank Organisation has announced annual pre-tax profits of £276.6m. Film and television’s input rose 62% from £22m to £35.7m. This increase was attributed to improved profitability in film processing.Admissions to Odeon cinemas rose by 10%, largely because of Jurassic Park. Rank were unable to increase admission prices because of strong competition.
According to Raymond Snoddy in today’s Financial Times, LWT is in talks with a North American group which is proposing to take a stake of slightly less than 30% in LWT. It is believed that the American group would hold the stock for a short time, to allow LWT to line up an international media… Continue reading LWT In Talks With American Group
Mojo, the rock magazine from Emap Metro which launched in October 1993 has reported estimated first issue sales of 48,000. This is better than the initial sales target of 45,000.Mojo: Ad manager Julian Booth. 071 436 1515.
Europress Publications is launching a new computer title, aimed at the growing multi-media market. The monthly title will launch on 24 March with a cover price of £4.95.Multimedia World will concentrate specifically on PC based CD Rom technology, with news on the latest technology, tests, reviews and general consumer information. Each issue will have a… Continue reading New Multimedia Magazine
Promotions Manager of the Sun, Toby Constantine, has told MediaTel that according to their own figures, the one-off price cut on Monday 10 January of 10 pence may have increased sales on the day by 800,000 copies.
GGT is to take control of the GGT/GGK network; the ownership will change so that GGT holds 80% and GGK 20%. However, both the London agencies will continue to operate separately.WCRS media director Phil Georgiadis has been promoted to the new position of vice chairman of the agency. Phil will continue to head the media… Continue reading GGT/GGK Restructure
Newspaper Publishing has held meetings with its Spanish and Italian shareholders, as well as with the Mirror Group. Mirror Group Newspapers gave assurances of editorial independence in an attempt to secure a stake in the two troubled Independent papers. Tony O’Reilly, of Irish newspapers, has submitted a proposal believed to be higher than the MGN… Continue reading Independent Future Still Uncertain
Leo Burnett has issued a review of media inflation and forecasts.TELEVISIONTV Revenue is predicted to grow by 6% for 1994, and 5% for 1995, with C4 building on 1993’s success, taking more than the 18.5% share achieved in 1993. However, TV impacts are expected to fall across 1994. 1993 1994 1995 REVENUE % 4 6… Continue reading Revenue Predictions For 1994/5
National Economic Research Associates has released its December survey of advertising agencies expectations. For the month of December 1993 advertising revenue forecasts for ITV and Channel 4 combined have been down-graded from £157m (forecast in Sep. 93) to £143m. Total national advertising revenue forecasts were similarly downgraded from £168m to £156m over the same period… Continue reading TV Revenue Forecasts For 1994
Eagle, the children’s comic from Fleetway Edition’s which has been around for 43 years has closed. The last issue was the January 1994 issue. Sales were down to 16,000; this was blamed on children’s interest in computer games and magazines.Fleetway 071 344 6400Wilmington Publishing has closed its small business title The Biz. News of this… Continue reading Eagle And Biz Closed
