Confidence remained with media shares yesterday after the realisation on Monday that many had been downgraded too far. Carlton Communications led the field, with a 13.57% rise of 27źp to end at £2.28. Pearson also did well, increasing its share price by 6.5% to £7.73 by the end of the day.Other strong performers included WPP,… Continue reading Sharewatch
Feature By MediaTel Insight: Interactive TVUsage of interactive TV services has more than doubled over the past year according to a the Q1 2002 Digital TV Report from Continental Research. The frequency of digital TV subscribers who have ever used interactive services has grown from 4.3% in April 2001 to 9.6% in Jan 2002. The… Continue reading Feature By MediaTel Insight: Interactive TV
Deadline For Johnston/Trinity Decision ExtendedThe Competition Commission has announced that its decision on the proposed acquisition by Johnston Press of eight Trinity Mirror newspaper titles has been extended until 19 April 2002.The CC had been due to report on 22 February 2002 but has asked to be granted an extension in this case because important… Continue reading Deadline For Johnston/Trinity Decision Extended
RIM Exceeds Expectations But 2002 “Remains Uncertain”Regional Independent Media yesterday reported a rise in profits of 8%, rising to £44.1 million in 2001 from £40.9 million in 2000. Turnover increased by 3.5% to £175.3million.84% of turnover was derived from the group’s newspaper interests, including the Yorkshire Post and Sheffield Star, both of which saw an… Continue reading RIM Exceeds Expectations But 2002 “Remains Uncertain”
Major UK media players, Carlton Communications and Granada Media, have announced that discussions regarding a possible merger have been terminated.Any potential merging of the interests of the two major ITV shareholders would have been dependent on an anticipated change in current legislation which limits the percentage of advertising share which can be controlled by any… Continue reading Carlton And Granada End Merger Talks
The OFT has decided to close the file on a cable distribution agreement between BSkyB and ntl without making a decision. The deal would have entitled ntl to receive discounts on wholesale rates for Sky’s channels, in return for a commitment to increase distribution of the channels.A spokesman for Sky said: “It is disappointing that,… Continue reading Sky/NTL Deal Shelved By OFT
Carlton and Granada have issued a statement saying that “a fundamental restructuring of ITV Digital’s cost base must be concluded as a matter of urgency in order to secure the long term future of the business” and that Deloitte & Touche have been appointed to help in this task.ITV Digital remains some way behind its… Continue reading ITV Digital To Restructure; Merger Talks Revived?
Translucis has signed a deal with Ibiza Media which will see advertisers offered the opportunity to target around 1.5 million young adults on holiday with bar and club based advertising screens in the popular clubbing holiday destination’s peak season from May to September.Sue Aitken, marketing and development director at Translucis said: “Through our consumer research… Continue reading Translucis To Offer Ibiza Opportunities
Confidence appeared to return to media shares yesterday, as several key players including Granada and Capital Radio were upgraded by analysts. Granada’s price rose more than 6% as a consequence, while Capital was boosted by over 3%.Other beneficiaries of the upturn included BSkyB, which ended up 36˝p at £6.85, Carlton Communications, up 6.36% to £2.00ž… Continue reading Sharewatch
Channel 4’s replacement for the Big Breakfast is expected to model itself on the tabloid press, packaging news with entertainment stories in an attempt to boost the channel’s dwindling early morning audience.Princess Productions won the contract to produce the new programme in December last year. At the time Sharon Powers, Channel 4’s editor for the… Continue reading Big Breakfast To Have “Tabloid” Replacement
