Scot FM Sale Boosts Wireless GroupThe £25.5 million sale of Scot FM to the Guardian Media Group (GMG) in June (see Wireless Group Sells Scot FM For £25.5m) has helped push Wireless Group into profit for the six months ended 30 June 2001. The £22.5 million profit from the disposal nudged pre-tax profit up to… Continue reading Scot FM Sale Boosts Wireless Group
Pearson has sold FT Energy to Platts, completing the Financial Times Group’s planned series of disposals of non-financial publications. The move follows the disposal of the group’s media and telecomms, automotive and retail newsletter businesses.Stephen Hill, chief executive of the Financial Times Group, said: “Our newspapers magazines and online services are now all focused on… Continue reading Pearson Sells FT Energy
The Sunday Times is to close Doors its weekly internet supplement.The final issue of the magazine, which launched last October to provide consumers with an easy guide to the web, will be published this Sunday, after which it will be scaled down to form an eight page section of the Culture supplement.Editor of The Sunday… Continue reading Doors Close On Sunday Supplement
Independent News & Media Sees Profits Fall 17%Independent News & Media (INM) this morning reported that its pre-tax profits fell by 17.2% to E56.6 million during the six months to 30 June. The group, which publishes the Independent national newspaper, says that the drop is due to adverse currency movements, exceptional start-up costs, investment in… Continue reading Independent News & Media Sees Profits Fall 17%
Granada has poached Graham Duff from media buying agency Zenith UK to head up its advertising sales division.Duff, former chief executive of Zenith UK, will become the CEO of Granada Enterprises with responsibility for advertising sales across Granada’s broadcasting franchises. He replaces Mick Desmond who has been promoted to managing director of Granada Broadcasting and… Continue reading Granada Poaches CEO From Zenith
When Zenith downgraded its media forecast for 2001 once again at the end of August the doom-merchants intoned “ad revenue recession” even more gloomily. If Zenith’s -3%, or even ABN AMRO’s -5.4% UK ad growth prediction comes to pass, it will be the worst since the recession at the start of the last decade. But… Continue reading Feature: Future Predictions
Future Publishing has signed a deal with Haymarket Publications to acquire the subscriber list and usage rights to Haymarket’s suspended title the net.Future plans to merge the title, which closed last month, with its own internet magazine .net.Publisher of .net, Dave Taylor, said: “We’re looking forward to welcoming these new subscribers and more newsstand readers… Continue reading Future Acquires Rights To the net
Centaur Communications is to close New Media Creative as a stand-alone title in order to merge its content into New Media Age.Nigel Roby, New Media Age group publishing director said: “It is sad to have to lose New Media Creative as a stand-alone title. But if we can serve the creative community and those promoting… Continue reading Centaur Closes New Media Creative
ITV partners, Carlton and Granada, continued to see shares fall yesterday after Zenith Media downgraded its global forecasts on Friday (see Zenith Cuts Ad Forecasts Again), casting a shadow over the advertising industry. Carlton was down 0.98% to finish at £3.02, a loss of 3p on the previous day, while Granada saw stock drop 1.55%… Continue reading Sharewatch
The number of UK homes with multi-channel TV has reached the 10 million mark according to the latest figures from the British Audience Research Bureau (BARB).The figures show that 41% of the UK’s 24,458,000 TV households now have multi-channel TV and that almost 28 million individuals throughout Britain have access to multi-channel services.The news comes… Continue reading 10 Million Homes Have Multi-Channel TV
