Pearson shares suffered again yesterday, after stockbroker Schroder Salomon Smith Barney reduced its full year pre-tax profit forecast. Shares ended down 51p at £19.48.ABN Amro appears to be behind dropping share prices at Reed International. It forecast continued weakness in the group’s core markets. Shares in Reed ended down 4p at £5.55.Elsewhere, Capital Radio was… Continue reading Sharewatch
The prospectus was issued and the name announced yesterday for the product of the CLT-UFA and Pearson TV merger (see Pearson In Merger Deal To Create European TV Giant). The new pan-European broadcaster will be known as RTL and will float on the London stock exchange on 26 July at an expected value of around… Continue reading Pan-European Broadcaster Announces London Listing Date
The marketing communications group Cordiant Communications (CCG) has announced a definitive agreement to acquire Donino, White and Partners (DWP). The initial consideration is to be satisfied by the issue of new CCG shares with a value of £7.3m, based on the average closing CCG share price for the 20 trading days prior to completion of… Continue reading Cordiant To Issue New Shares For DWP Acquisition
The chair of the Radio Authority, Richard Hooper, today unveiled the organisations vision for the future of radio. He revealed the areas for change proposed to the government at the Radio Festival, saying, “The radio regulator for the 21st century has one overriding objective in the management of the scarce spectrum allocated to it by… Continue reading Radio Authority Calls For End Of Points System And BBC Self-Regulation
The daily battle to get to work faced by London commuters may be eased slightly in future, thanks to a new addition to the The Jam Cam system is thought to be one of the biggest projects of its kind in Europe and is provided through a partnership with the Metropolitan Police and their contractor,… Continue reading London Live ‘Jam Cams’ Set To Ease The Capital’s Congestion
The BBC this week unveiled its new sports website (news.bbc.co.uk/sport) bringing up-to-date news and features from all its sports coverage into a interactive portal. Its launch coincided with a new report which finds sports websites are top scorers amongst online revenue earners, and predicts a massive growth during the next few years.Ad revenue is expected… Continue reading Web Report: Online Sports
A few years ago, the poaching of a computer magazine’s deputy editor by a rival publishing company was unlikely to make the front pages of the media trade press. When Dylan Armbrust, who held just that position at VNU’s fortnightly Computeractive left to join Future Publishing last month, Media Week were interested enough to give… Continue reading Feature: Home Computing Magazine Market Goes From Strength To Strength
Gains by Reuters were contrasted with losses elsewhere among media shares yesterday. Reuters ended up 62p at £11.89, while Pearson fell £1.01 to £19.99 and Reed International dropped 16p to £5.59.Carlton and United News and Media are still waiting to see how Granada’s possible takeover bid is resolved (see Granada Makes Board Appointments Ahead Of… Continue reading Sharewatch
The Independent has unveiled a cut-price marketing scheme through its website. For an indefinite period readers can buy the Independent and the Independent On Sunday for a minimum of £1.50 a week if they take out an advance subscription through the newspaper’s website.The scheme applies to 12, 24 or 48 week subscriptions of all seven… Continue reading Independent Lures Readers Through Website
The ITC has upheld complaints made against GMTV for insensitive scheduling. Eight viewers complained to the regulatory body after an advertisement for the Turkish Tourist Office was broadcast during reports on a football match between Galatasary and Leeds in the week of the fatal stabbing incident involving British fans in Turkey.The breakfast television company apologised… Continue reading GMTV Apologises For Insensitive Scheduling
