The internet and e-commerce division of Flextech has agreed to buy a 77.5% stake in rock and pop ticketing agency Way Ahead. The deal, worth £7.2 million, will complete the groups online entertainment guide, SceneOne, by allowing visitors to buy tickets to advertised events immediately.The pay-TV group has been developing its SceneOne brand in recent… Continue reading Flextech Interactive Buys Ticket Agency
Chrysalis Radio has turned in an annual profit of £0.7 million for the 12 months ended 31 August 1999, according to the Chrysalis Group’s final results released today. The radio division’s profits were hit by the start-up costs of the new Galaxy 105-106 North East station, which launched in June this year, but were still… Continue reading Chrysalis Radio Moves Into The Black
Fashion title Scene is to close and reopen next year in electronic form. Published by Get Seen Magazines, its December edition will be its last print one.In March 2000 the magazine will relaunch as “the world’s finest interactive fashion and lifestyle experience on the web” according to publisher and director of the group Tony Franks.… Continue reading Scene Becomes Electronic As Magazine Closes
The Ginger Media Group has drawn up a shortlist of potential buyers for the sale of all or part of the company. Four bidders have emerged including Scottish Media Group (SMG), Clear Channel and French radio group NRG. Each of the bids is similar in value, averaging between £225 million and £235 million. Scottish Media… Continue reading Ginger Media Group Draws Up Suitors Shortlist
Shares in Southnews rose 16˝p as the regional publisher reported good interim results (see Southnews Announces 5% Profit). Prices closed at 615p.Reuters also climbed as chief executive Peter Job bought shares in the information group, boosting the stock which closed up 26p at 697p.Radio group Chrysalis rose 2˝p as its prepares to announce its year-end… Continue reading Sharewatch
Southnews, publisher of paid-for and free newspapers in London and the Home Counties, announced a pre-tax profit of £6.5 million in its interim results today, an increase of 5% on the same period last year. Earnings per share increased 6% to 21˝p and operating margins were reduced to 20.5% from 21.9%.During this period the group… Continue reading Southnews Announces 5% Profit
ITV companies Carlton Communications and United News & Media (UNM) are understood to be holding talks to form a united front against growing competition in the pay-television market. Between them, Carlton and United own six of the 15 ITV regional franchise companies; Carlton is also a 50% stakeholder, along with Granada, in digital terrestrial TV… Continue reading Carlton And UNM Collaboration Talks Reported
It is becoming increasingly difficult to categorise people into groups according to their age, sex and social class as a growing proportion of the population today live “spider lives” in which they take on different roles and personalities.According to a report published by the Henley Centre this weekend, a large proportion of the population regularly… Continue reading Most People Lead “Spider Lives”, Says Henley Centre Report
GWR and Radio Investments are to buy the 50.02% stake in Minster Sound Radio which they do not already own. The two radio groups will pay up to £4.79 million for total ownership of the group, which holds a radio licence in York, Minster FM, and three licences in the north of England.An offer of… Continue reading Radio Groups Buy Stake In Minster
Granada fell 12p on Friday as the media and leisure group prepares to announce its full year results this week. Prices closed at 538p.Shares in Flextech took a tumble; prices fell 55p to 1080p. The pay-tv group last week signed a deal with Telewest Digital (see Flextech And UKTV Sign Carriage Deal With Telewest Digital).Radio… Continue reading Sharewatch
