Regional Independent Media has rejected a second bid offer from rival Gannett. Venture capital firm Candover, which owns 50% of RIM, is understood to have been approached by the group with a consortium bid.Under the terms of the offer, the assets of RIM, which include the flagship Yorkshire Post, would be divided between Johnston Press,… Continue reading RIM Rejects Second Bid Proposal From Gannett
GWR’s subsidiary Now Digital is launching the first three of its local digital multiplex services on 31 January (see Now Digital Wins Third Local Digital Radio Multiplex Licence). The three licences, which cover the areas of Bristol & Bath, Coventry & Wolverhampton and Shrewsbury & Telford represent a combined reach of 2.5m adult listeners.Russell Stuart,… Continue reading GWR Prepares To Launch First Local Digital Offerings
Analysts Merrill Lynch downgraded Johnston Press yesterday, causing shares to fall 4p to £3.11. The group has today also reduced forecasts for both Granada Media and Carlton. Shares ended yesterday up 5p at £3.95 and up 8½ at £5.50 respectively.Pearson held an investor seminar in New York yesterday regarding its education business. It will run… Continue reading Sharewatch
Rosie Boycott has quit her position as editor of The Express after three years in the job, putting an end to the speculation about her possible departure that began with Richard Desmond’s surprise takeover of the Express Group newspapers last year (see Gossip And Girlie Publisher Takes On Express And Star). Her deputy editor, Chris… Continue reading Rosie Boycott Resigns From Express
Capital Radio reported a 12% increase in revenues during the last quarter of 2000 following the successful acquisition of Beat 106 (see Capital Buys Beat 106, Announces Online Plans) and Century Radio (see Capital Radio Wins Battle For Border). In its Annual General Meeting today the group said like for like revenues across the three… Continue reading Capital Radio Reports Increased Revenues
RevenueAll but one of the terrestrial TV channels increased their December revenue year on year, according to agency estimates. The exception was GMTV, which dropped 10.7% compared to 1999. The largest increase among the terrestrials was Channel 5, which went up 15% year on year. Its revenue is still dwarfed by ITV, which managed revenue… Continue reading TV Market Round Up – December 2000
Postar was the topic under discussion at the first MRG meeting of the New Year, which took place yesterday evening at a swanky new venue in London’s West End. Our speakers were Helen Tridgell, managing director of Postar, Mungo Knott, buying director at Posterscope and the ever charismatic David McEvoy, marketing director at J C… Continue reading MRG Evening Meeting – Postar Power
WPP has acquired 75% of Cheetham Bell Limited, a creative advertising agency in Manchester. The group will be merged with the Manchester division of WPP’s ad agency, J Walter Thompson.Cheetham Bell’s clients include Manchester United, Manchester Evening News, Pontin’s and Vimto. The merged group will be managed by CEO Dr David Bell, creative director Andy… Continue reading WPP Acquires 75% Of Cheetham Bell
Associated Newspapers and the Guardian Media Group are to join forces to publish a free morning newspaper in Manchester. GMG is to license its Metro title to Associated in a deal which will bring to an end months of wrangling between the two publishers.Free morning papers from both groups have been circulating in the city… Continue reading Associated And GMG Sign Metro Deal In Manchester
ONdigital is to take on the highly competitive TV listings magazine market on 3 March by launching a new customer magazine with full listings and a weekly, rather than monthly, output. ON7 will be the first magazine to carry full listings for all the digital free to air channels as well as for all the… Continue reading ONdigital To Take On TV Listings Market With ON7
