The Government decision on the future of ITV ownership rules is due to be announced imminently.Indications are that the ruling will be to allow large ITV companies to own two large licences and one small one. An advertising revenue ceiling is also likely, limiting one company to 25 per cent of all TV advertising. It… Continue reading ITV Ownership Rules Update
MTV and Virgin have announced a new joint European marketing campaign. From November 27 Virgin Retail will broadcast MTV on monitors in its 14 prime site Megastore outlets in six countries.Virgin intends to extend its advertising campaign on MTV in 1994 and include additional in-store promotions.Virgin Retail – Sally Moore 071 4364060MTV 071 284 7777
The Guardian and Manchester Evening News, publishers of The Guardian and the Observer, have announced a fall in pre-tax profits to £11.5m in the six months to October 2nd, from £14.7m.The company attributes the fall to the acquisition of the Observer but are forecasting better performance for the second half of the year as improvements… Continue reading Guardian And MEN Profits
The Government decision on the future of ITV ownership rules is due to be announced imminently.Indications are that the ruling will be to allow large ITV companies to own two large licences and one small one. An advertising revenue ceiling is also likely, limiting one company to 25 per cent of all TV advertising. It… Continue reading ITV Ownership Rules Update
The Henley Centre has published a report commissioned by the Radio Authority and the AIRC on the impact of transferring Radio 1 to the independent sector. The report suggests a commercialised Radio 1 would have a negative impact on the viability of existing commercial radio services, particularly Virgin and Atlantic.While the report says a privatised… Continue reading Report On Radio 1 Privatisation
The NRS will measure topics of interest for magazine readers from Jan 94. Questions relating to 24 subject areas such as food and drink, travel and holidays, sports, gardening and childcare will be included in the NRS questionnaire.This will enable advertisers to look at the topics enjoyed by readers of a particular magazine, and publishers… Continue reading NRS To Include Topics Of Interest
The Bank of England has cut its minimum lending rate by 0.5%, the Treasury has announced; this means that the new base rate is now 5.5%.The Midland Bank has responded, by cutting its base lending rate to 5.5%, and the Nationwide mortgage rate is down to 7.74%. However, both the Halifax and the Woolwich have… Continue reading Interest Rate Cut By 0.5%
The ITC has issued an invitation to apply for a local delivery licence covering the area of West Kent, including Sevenoaks, Tonbridge and Tunbridge Wells. A local delivery franchise is the new equivalent of a cable franchise and is the first to be advertised by the ITC.The deadline for applications is 28th February 1994 at… Continue reading New Local Cable Licence For West Kent
At the International Emmy Awards in New York, six awards went to Britain.Absolutely Fabulous and Drop The Dead Donkey tied for the award in the popular arts section. A Disappearing World film, called We Are All Neighbours tied with a Japanese programme in the documentary category.The Channel 4 series Concerto! won the performing arts award,… Continue reading British Triumph In New York
EMAP has announced interim results today, with pre-tax profits increasing 12% from £14.8m for the same period last year to £16.6m.The profit breakdown is:Magazines £11.1mBusiness Books £2.8mExhibitions £1.6mNewspapers £4.6mRadio £0.4m
