Two front page claims fell foul of the ASA this week. One appeared on an edition of the Sunday Express and stated “Free outdoor concert tickets for every reader.” In fact, readers had to ring a premium rate number and enter a competition for a chance to get their hands on the tickets and a… Continue reading ASA Questions Cover Claims
ITV partners Carlton and Granada saw shares fall yesterday after Zenith Media downgraded its global forecasts on Friday, dealing a blow to the advertising industry (see Zenith Cuts Ad Forecasts Again). Carlton was down 3.02% to finish at £3.05, a loss of 9˝p on the previous day, while Granada saw stock drop 2.68% to close… Continue reading Sharewatch
ISBA has registered concern with the Office of Fair Trading following a recent ruling to clear Scottish Media Group’s (SMG) acquisition of a 29.5% stake in Scottish Radio Holdings (SRH) (see Scottish Media Group Makes Further SRH Acquisition). ISBA is concerned in particular that the stake gives SMG power of veto over SRH, and consequently… Continue reading ISBA Concerned By OFT SMG Ruling
Online sales house 24/7 Media Europe was wound up yesterday with the loss of 30 jobs. Reports suggest that chief operating officer Carl White was in talks with potential backers up until Sunday night, after the company’s US parent pulled funding a month ago. When these talks fell through, immediate closure was the only option,… Continue reading 24/7 Media Closes Doors
Teletext has submitted a formal expression of interest to the ITC to renew its licence from January 2002. A business plan and details of proposed services has been submitted, on which the ITC is to base its decision as to the amount to be paid to Government over the next ten years. If Teletext were… Continue reading Teletext Looks To Renew Licence
ITV partners Carlton and Granada saw shares fall yesterday after Zenith Media downgraded its global forecasts on Friday, dealing a blow to the advertising industry (see Zenith Cuts Ad Forecasts Again). Carlton was down 3.02% to finish at £3.05, a loss of 9˝p on the previous day, while Granada saw stock drop 2.68% to close… Continue reading Sharewatch
Future Publishing is to close its monthly niche title Total Football after the September issue.Falling advertising revenue and the declining market have been blamed for the closure of the magazine which has seen circulation drop steadily since its launch in 1995.Publishing director for Future’s entertainment division, Robert Price, said: “With the massive expansion of TV,… Continue reading Future To Close Total Football
RTL is in talks with Guardian Media Group (GMG) and UBC regarding the sale of its 80% stake in longwave radio station Atlantic 252, according to press speculation.It has been reported that GMG and UBC plan to close Atlantic, which broadcasts across most of the UK, in order to replace it with an analogue version… Continue reading RTL To Sell Atlantic 252?
Despite the reassuring words of Granada’s chief executive about ITV Digital take-up (see Uptake Up At ITV Digital) and the appointment of a new head of communications (see Tory PR Man Joins Granada), shares in Granada were among the worst media performers of the week, losing over 10% in a week on week analysis, to… Continue reading Sharewatch
