Takeover rumours and a broker’s recommendation helped shares in Cable & Wireless soar to close up 81p at 974˝p. Further rumours of a tie between Pearson and AOL pushed shares in the former to an all-time high of 1,781p, a rise of 143p.BSkyB surged up 62p yesterday on the possibility of a resumption of merger… Continue reading Sharewatch
The growth in worldwide advertising expenditure is set to remain above 6% for the next three years, according to new forecasts published by global advertising group, Zenith Media. In 2000, growth is expected to accelerate to 6.5%, with levels in 2001 and 2002 holding above 6%.North America is set to be the fastest-growing region in… Continue reading Worldwide Adspend Growth To Stay Above 6%
The Independent Television Commission (ITC) has given ITV broadcasters the opportunity to reschedule their regional programmes in order to push up audience figures. The Commission has decided that the ITV companies may move regional programmes which currently air at 5:30pm, against BBC1’s Neighbours, to earlier in the afternoon. The decision follows poor ratings for the… Continue reading ITC Allows ITV To Reschedule Regional Programmes
Sky One, BSkyB’s entertainment channel, has appointed a new general manager. David Bergg, who is currently director of planning and strategy at ITV Network, will report to Mark Sharman, director of broadcasting at Sky Networks.His appointment completes a dramatic new management structure at Sky Networks, which has taken place since Bruce Steinberg announced his resignation… Continue reading Sky One Appoints New General Manager
At its recent Council meeting, the Institute of Practitioners in Advertising (IPA) elected a number of new companies into membership. Ellison Communications, HDM Agency, i-level and Wieden & Kennedy join the IPA to take its total number of agency members to 204.The IPA has also awarded Fellowships to a number of members as recognition of… Continue reading IPA Elects New Members
There was much enthusiasm for media stocks yesterday: Financial Times publisher Pearson rose 117p to its best-ever price of £16.38p amid a host of rumours, particularly in the internet department. The group has been developing its Net presence lately, its most recent venture a deal with online auction house icollector (see Sharewatch). Current rumours include… Continue reading Sharewatch
The Guardian Media Group has joined with the GWR Group and Scottish Radio Holdings to bid for the second digital radio multiplex licence for London. The three groups are united under the Score Now consortium, which was formed in November (see GWR And Scottish Radio Unite In London Licence Bid)The Radio Authority decided to make… Continue reading Guardian Media Group Joins Bid For Digital Radio Licence
The Institute of Practitioners in Advertising (IPA) has said that it is not satisfied with undertakings made by the Birmingham Post & Mail (BPM) to offer advertisers compensation for six years of inflated circulations for three of the group’s newspapers.Last month it was discovered by BPM’s parent company, Trinity Mirror, that the Birmingham Evening Mail,… Continue reading IPA Unhappy With Plans To Handle Birmingham Papers’ False ABCs
As news emerged that cable company Telewest has been holding merger talks with Flextech, shares in the latter shot up 182˝p to 1,532˝p. Telewest’s prices closed up 12p to 351źp.Shares in broadcaster BSkyB fell as it announced a deal with German pay-TV group Kirsch (see BSkyB Moves Into German Pay-TV Market). Prices closed down 6˝p… Continue reading Sharewatch
Guardian Unlimited has appointed David Rowan as editor. He takes over from Simon Waldman, who was made head of the newspaper’s nine sites in October (see Guardian Unlimited Appoints New Head).Rowan has been at the Guardian for over ten years and is currently editor of the digest magazine, Editor. David Rusbridger, editor of the Guardian,… Continue reading Guardian Unlimited Gets New Editor
