The much-anticipated merger between Telewest and Flextech (see Telewest And Flextech Close To Merger) was delayed yesterday due to legal complications. The two companies are expected to complete the deal, in which Telewest will pay £2 billion for Flextech, in the next few days. Telewest stock closed up 26žp at 340p; Flextech finished up 5p… Continue reading Sharewatch
Details of the proposed merger between Flextech and Telewest have been revealed after the formal announcement of the deal was postponed yesterday (see Sharewatch). A legal hitch involving Microsoft, which agreed to buy a 29.9% stake in Telewest earlier this year and which is still awaiting regulatory clearance, is believed to have caused the delay.Under… Continue reading Telewest/Flextech Merger Plans Revealed
Pre-tax profits at the Daily Mail & General Trust group (DMGT), owner of the Daily Mail and Mail On Sunday, grew by 9.5% for the year ended 3 October 1999, the company announced this morning. DMGT also owns the Evening Standard and London Metro newspapers.DMGT’s national and London newspapers are run by the company’s Associated… Continue reading Daily Mail & General Trust Profits Up 9.5%
Fru Hazlitt, sales director at Capital Radio, has resigned the group to join Yahoo Europe. She is to take up the position of European sales director when her contract expires in six months’ time.Hazlitt told Newsline: “I have got the best media job in Britain at the moment and I am very sad to leave… Continue reading Yahoo Swipes Capital Radio Sales Director
Daily Mail & General Trust climbed 18p yesterday as the newspaper group prepared to release its annual financial results this morning. Prices closed at £42.18p.Cable group Telewest fell as the whole telecoms sector suffered a decline and negative rumours surrounded its proposed merger with Flextech (see Telewest And Flextech Close To Merger). Prices dropped 28žp… Continue reading Sharewatch
The Radio Advertising Bureau (RAB) has promoted its two founding members of staff – Douglas McArthur and Justin Sampson – to chief executive and managing director respectively. McArthur has been managing director at the RAB since its launch in 1992 and Sampson is currently operations director for the Bureau.The RAB’s chairman Peter Warren says: “For… Continue reading RAB Appoints Chief Executive And Managing Director
Johnston Press has joined the race to bid for Newscom today by submitting an application to the Department of Trade and Industry, just a week after US publishing giant, Gannett, tendered its own proposal for the regional publisher (see Gannett Seeks Permission To Bid For Newscom).Johnston Press, which publishes titles ranging from the Glenrothes Gazette… Continue reading Johnston Press Joins Bidding Race For Newscom
The Government’s plan to ban tobacco advertising has been ruled legal by a court this morning, following an appeal by the tobacco industry. The ban on all tobacco advertising in the UK was intended to come into force on 10 December (see Government Sets A Date For Cessation Of Tobacco Advertising), but an appeal by… Continue reading Tobacco Ad Ban Upheld By Court
London radio station BBC GLR is to be renamed next year as part of a major rebranding of the BBC’s services in the capital. BBC London Live, as it will be called, will be relaunched with increased news and speech and a reduction in music programming. The coming of the anti-Christ is just one of… Continue reading Newsline Brief
The GWR Group’s Now Digital bid has been awarded the digital radio multiplex licence for the Wolverhampton, Shrewsbury and Telford area, the Radio Authority has announced. The licence covers an area with a population of around 1.1 million adults (15+).Now Digital will broadcast a selection of nine programme services drawn from a number of radio… Continue reading GWR’s Now Digital Takes Wolverhampton Digital Licence
