The GWR Group has today announced the acquisition of Plymouth Sound, which operates an AM and FM licence in the South West.GWR, owner of Classic FM, bought the group for £5.28 million from The Local Radio Company (TLRC). GWR already had an interest in Plymouth Sound through its 20% holding in TLCR. Plymouth Sound’s two… Continue reading GWR Acquires Plymouth Sound For £5.3 Million
Scottish Radio Holdings fell by 17˝p to 950p yesterday. The group denied rumours yesterday that it was in merger talks with Clear Channel (see Newsline).Adscene’s stock remained unchanged at 229˝p, but reports are emerging this morning that the regional newspaper group is being split in two in a deal involving 3i and Northcliffe Newspapers. Details… Continue reading Sharewatch
The latest batch of readership figures, released by the National Readership Survey (NRS) yesterday, show that the Sunday national newspapers are continuing to shed readers. Year on year only the Independent On Sunday, Mail On Sunday and the Observer reported increases in readership.The News Of The World, Sunday Express, Sunday Mirror, Sunday People, Sunday Telegraph… Continue reading National Newspaper NRS Round-Up – May 1999
In the first results of a two-year investigation, the European Commission (EC) has found that the sale of broadcasting rights for Formula 1 (F1) motor racing is restricting competition. The Commission has told the FIA, the official governing body of F1, that it is abusing its dominant position both in the sale of TV rights… Continue reading F1 Broadcasting Deals Found To Be Restricting Competition
Pay-TV operator Flextech has appointed Mike Smallwood, previous chief executive of Western International Media, to head up marketing activities across the company.As senior vice president, marketing, Smallwood will be in charge of the marketing strategy for Flextech’s channels, which include Living, Trouble and Screenshop.Brent Harman, Managing Director of Flextech said: “I am delighted that we… Continue reading Flextech Appoints New Senior Vice President To Marketing Department
Officials from the 15 member states of the European Commission, known as the Expert Group, have found in their first report that there is no single market in Europe for advertisers.In a publication out this week, the Expert Group argues that a single commercial communications market is being seriously hampered by widely divergent laws and… Continue reading No Single European Market For Advertisers, Finds Expert Group
The Independent Television Commission (ITC) and the BBC have announced some revisions to guidelines on the allocation of party political broadcasts. The consultation, which began last year, decided that further consideration was needed to the scheduling times of such broadcasts, and the new proposals set out a plan to focus party broadcasts at key times… Continue reading ITC and BBC Revise Rules On Political Broadcasts
Stocks in US-based cable company, NTL, were boosted yesterday following reports that the group is to re-enter its takeover talks with Newcastle United Football Club. Earlier in the year NTL made a £160 million offer for 50.7% of the club; this offer was then withdrawn in April following BSkyB’s failure to buy Manchester United (see… Continue reading NTL Stock Rises Over Possible Newcastle United Takeover
US media group, Clear Channel, has denied reports that it is in purchase negotiations with Scottish Radio Holdings (SRH). Market rumours circulating over the weekend and yesterday speculated that Clear Channel is interested in taking a stake in SRH. Scottish Radio owns a series of radio stations, local papers and billboards sites and has bid… Continue reading Clear Channel Denies Interest In Scottish Radio
WPP rose 13p yesterday to 550p after issuing a positive trading update for the first five months of the year (see Newsline).Scottish Radio jumped 47˝p to 967˝p yesterday. The radio group was yesterday rumoured to have been approached by the Clear Channel, which is believed to be interested in purchasing a stake in the group.Pearson,… Continue reading Sharewatch
