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
The Guardian Weekly is due for a fresh look in order to raise the profile of the Guardian brand overseas. The paper features the best of the Guardian’s weekly coverage, along with a selection of articles from the Washington Post and Le Monde.The title celebrates its 80th anniversary this year, and from 4 July will… Continue reading The Guardian Weekly Prepares To ‘Liven Up’
London listings guide Time Out will unveil a new look this week, which will include more colour and a new style, in attempt to freshen up and modernise the entertainment title.2 new contents pages will highlight features and listings within the magazine, and the letters pages will be moved to the front. When Newsline spoke… Continue reading Time Out London Prepares To Unveil New Look
Media group Pearson has confirmed that Marjorie Scardino, CEO, has stepped up to take the place of Greg Dyke as chairman of Pearson Television. Mr Dyke is to be the next director-general of the BBC (see Newsline).The move will allow Scardino to monitor developments at the TV group whilst directors search for a replacement for… Continue reading Scardino Replaces Dyke As He Prepares For BBC DG Post
The advertising and media group WPP has released a trading update after its annual general meeting today.The group’s worldwide revenues were up by almost 11% on a constant currency basis. UK interests for the group showed a 13% increase in revenues. WPP’s public affairs and PR sectors showed the biggest rise in the first 5… Continue reading WPP Sees Positive Trade In First Half Of 1999
The Dixons Group has announced that it is to float 18.25% of its successful internet subsidiary Freeserve on the London Stock Exchange and the Nasdaq in the US. John Pluthero, chief executive of Freeserve, commented: “The floatation of Freeserve is an important milestone in our strategy to become the UK’s home on the internet.”Shares will… Continue reading Dixons To Float One Fifth Of Freeserve
Scottish Radio Holdings, which has been approached by Clear Channel with a proposal to buy a stake in the company, fell 15p to 920p by the close of trading on Friday, .Cable & Wireless Communications dropped 3p to 630p. The group has announced that its basic digital cable TV package is to cost less than… Continue reading Sharewatch
Cable & Wireless Communications has announced that its digital television service is to be available from £9.98 per month – this includes a digital set-top box, telephone line rental (with reductions of up to 50% on a standard BT phone call), a basic channel pack and from October, TV email and access to interactive services.A… Continue reading Cable & Wireless Digital Package To Cost From £9.98 Per Month
Pet food manufacturer, Pedigree Masterfoods, has signed a deal with ITV to sponsor its new peak time series Mad About Pets. The first 5 shows will feature credits for Whiskas, and the following shows in the series will carry credits to Pal. The series will start on 2 July, and the deal was negotiated by… Continue reading Pedigree Group To Sponsor ITV Peak Time Pets Series
