Media group Pearson announced today that it has placed a number of shares to raise money for further investment in internet projects. It confirmed that 11,500,000 ordinary shares were placed at £22 per share to raise approximately £250,000,000.The funds will be invested over the course of the next two years in a number of projects… Continue reading Pearson Places Shares To Fund Further Net Investment
TalkSport has acquired the exclusive radio broadcasting rights for the biggest heavyweight fight ever to be staged in Britain. The UK’s first sports radio station, which launched earlier this month (see Talk To Launch UK’s First Sport Station), will broadcast coverage of the Mike Tyson and Julius Francis fight live from Manchester on Saturday. The… Continue reading TalkSport Secures Rights To Tyson Fight
ITV and the BBC will broadcast simultaneous coverage of England’s match against Germany as part of Euro 2000. The two channels, between whom live coverage for the competition is split, have confirmed their schedules for the matches this summer.If England reach the quarter finals or semi final, both BBC1 and ITV will show the match… Continue reading Euro 2000 Schedules Pit BBC And ITV Against Each Other
Football club Aston Villa has formed a media partnership with NTL, which will allow the cable group exclusive sponsorship and marketing rights in return for a £26 million loan. The deal translates to a 9.99% stake in the football club for NTL.For an initial five-year period NTL’s subsidiary Premium TV will act as exclusive agent… Continue reading NTL Announces Media Partnership With Aston Villa
The underlying inflation rate remained steady at 2.2% last month, according to official figures. The key index used by the Bank of England to set interest rates, which excludes mortgage interest payments, remained unchanged at 2.2% – still below the Government’s 2.5% target.According to the figures released by the Office for National Statistics this morning,… Continue reading Inflation Steady At 2.2%
Associated Newspapers has changed the name of the North West edition of its Metro title after losing an appeal to use the masthead in the city of Manchester (see Associated Loses Court Appeal Over Metro Title). The paper is now called News North West and continues to distribute in the region.The group lost its right… Continue reading Metro North West Changes Name After Losing Appeal
The amount and share of advertising spend which is placed on the internet are both set to soar over the next few years, but television will remain the marketers’ preferred medium. These are some of the latest findings from Fletcher Research’s Internet AdWatch survey.As the UK’s online population is set to explode – growing to… Continue reading Online Advertising Growth To Outperform Market, But Remain ‘Poor Relation’ To Broadcast
Media stock was affected by the announcement of the merger of EMI and AOL Time Warner yesterday. BSkyB was one of the main movers on the index with shares climbing 147p to £11.89˝ as analysts forecast further deals within the sector.Other companies boosted by the news included Pearson, up 141p to £23.04, advertising group WPP,… Continue reading Sharewatch
Monday MediaTel’s weekly industry focus, Media Track, is featured in Campaign Media Business.Tuesday The Retail Prices Index for December 1999 is released by the Office of National Statistics.Friday Director generalship of the BBC is officially handed from Sir John Birt to Greg Dyke. Birt decided to step down from the post two months early after… Continue reading The Week Ahead
The Audit Bureau of Circulations (ABC) has decided to establish a working party to review the Bureau’s auditing and inspections procedures following the discovery of a series of false circulation reports. In November last year the ABC found that three Birmingham Mail & Post newspapers had been reporting false circulation figures for a period of… Continue reading ABC Creates Working Party To Tighten Audit Procedures
