As predicted, Granada and Carlton have today agreed terms for the sale of their respective interests in the HTV and Meridian franchises. Carlton will purchase the licence and broadcasting interests of HTV, the ITV broadcaster for Wales and the West of England, from Granada for £181m in cash.As part of the deal, they will transfer… Continue reading Granada Media Consolidates Ownership Of Meridian And Sells HTV To Carlton
Open has signed agreements with 35 new content providers whose goods will be available through the platform’s latest launch. Open Extra, an interactive “department store” will initially offer 300 products aimed at women and their families, hoping to entice shoppers in the run-up to Christmas.Included in the line-up are Dorling Kindersley, Girl Heaven Limited, Alton… Continue reading Open Launches Interactive “Department Store”
Advertising group WPP rose 14p to 870p after posting a positive third quarter trading update. A number of brokers recommended the group, which reported a revenue climb of 21% during the three months to the end of September (see WPP Reports Revenues Up 21%).Despite making gains throughout the day yesterday, buoyed by the announcement of… Continue reading Sharewatch
Teenagers, it seems, are the latest demographic group to whip up a flurry of interest from the media world. As a relatively untapped market, their pester-power spending, avid consumption of media and, if we are to be a little cynical, impressionable young age makes this group appealing to media owners and advertisers.Teenagers, according to Adam… Continue reading Feature: New Teen Titles Hope To Buoy Declining Sector
Cable group Telewest has joined forces with global venture consultancy Atomic Tangerine in an interactive television venture. The new company, SmashedAtom, will offer services to TV channels, advertisers, retailers and Government departments wanting to capitalise on or benefit from the growing market for interactive television services.Flextech Interactive, established in 1998 (see Flextech Moves Into The… Continue reading Telewest Forms Interactive Venture
The chairman of the Broadcasting Standards Commission resigned yesterday after the News Of The World printed a series of revelations about his private life. Lord Holme of Cheltenham handed in his notice to Culture Secretary Chris Smith after the newspaper published details about his extra-marital affairs.The peer said he had decided to “fall on my… Continue reading BSC Chairman Resigns
The amount of people expressing concern about the content of television programmes has grown, according to the latest briefing from the Broadcasting Standards Commission. Half of all respondents said that they had been offended by television output during 1999, a 17% increase on the previous year.Violence continues to be the prime offender, with 39% of… Continue reading 37% Of People “Personally Disgusted” By TV Content, Says Report
WPP today reported a 21% increase in revenues in its quarterly trading update. New billings for the period were worth £830m, compared to £730m for the same period last year, as the company benefited from large assignments from new and existing clients including Ford, Motorola, Nike and KPMG.The company is now the biggest advertising group… Continue reading WPP Reports Revenues Up 21%
The Radio Authority has received three applications for the local digital multiplex licence for the North-East England licence, advertised to run initially for a period of twelve years from commencement of broadcasting. The applicants are the Digital Radio Group, which counts The Wireless Group, GWR, Emap Digital Radio, SMG and the Carphone Warehouse among its… Continue reading Three Applications Received For North East Digital Radio Licence
Shares in information group Reuters jumped almost 6% after posting above-forecast interim results and confirming plans to push ahead with the partial flotation of its broking arm Instinet. Prices closed at £13.11, an increase of 73p.United News & Media was lifted by a positive trading update on Thursday, in which the group announced plans to… Continue reading Sharewatch
