Reed International, the London listed arm of Anglo-Dutch publisher Reed Elsevier, released its second profit warning of the year today, predicting that this year’s profits may be substantially lower than those achieved in 1998 (see Newsline).Reed, which publishes New Scientist and Computer Weekly, revealed that it has been hit hard in the online business information… Continue reading Online Competition Forces Second Profit Warning From Reed
According to Digital One, the GWR/NTL-run national digital radio group (see Digital One Advertises Three Channel Tenders), a raft of major media and radio companies have applied to run the country’s first national digital radio stations. The national digital service is scheduled to launch in the last quarter of 1999; the closing date for application… Continue reading Major Media Companies Show Interest In National Digital Radio
Granada, which at the end of last week was rumoured to be interested in the Mirror Group’s Live TV, fell 34p to 1,261p (see Newsline). The group releases its interim financial results on Wednesday.EMAP dropped 32p to 1,305p, and Capital Radio climbed by 25p to 890p. CE Digital, the groups’ digital radio consortium, was awarded… Continue reading Sharewatch
Wednesday Granada releases its interim financial results. It is understood that the media company is about to unveil details of a free internet service provider (ISP) containing interactive programming information and ecommerce.Bristol United Press, publisher of the Bristol Evening Post, releases year-end financial results.Thursday Radio audience listening figures for quarter one 1999 are released by… Continue reading The Week Ahead
Pearson has redesigned its Financial Times website, ft.com, as part of an increase in its online activities. The new-look, augmented website is accompanied by an advertising campaign which breaks this week.ft.com is to introduce new online services later this year in line with plans for the site to become part of a business portal. The… Continue reading ft.com Gets Redesign And Marketing Push
Dixons has confirmed that Freeserve, its free ISP which it launched last year, is to float as a public offering on the stock market (see Newsline). Freeserve, which currently has more than 1 million users, is expected to be valued at between £500 million and £2 billion by the floatation.John Pluthero, chief executive at Freeserve,… Continue reading Dixons To Float Net Subsidiary Freeserve
Granada is understood to have expressed an interest in buying Mirror Group’s television interest, Live TV. According to industry rumours, Granada is proposing to replace Live TV with its own transactional channel, Shop! (see Newsline).Towards the end of April, pay-TV programme provider, Flextech, also registered an interest in Live TV (see Newsline). The station is… Continue reading Granada Rumoured To Be Interested In Live TV
Portsmouth & Sunderland Newspapers, which yesterday announced a 55% increase in pre-tax profit (see Sharewatch), fell by 10p to 2,090p by the close of trading yesterday.United News & Media (UNM) and BSkyB launched free ISPs this week, but both media groups saw losses in their share prices yesterday. UNM, which kicked off its free ISP… Continue reading Sharewatch
The Radio Authority (RA) has awarded the local digital radio multiplex service for the Manchester area to CE Digital. The group, which is a 50:50 venture by Emap and Capital Radio, was the only bidder for the licence in April (see Newsline).CE Digital is planning to broadcast a total of eight programme services in the… Continue reading CE Digital Wins Manchester Digital Radio Licence
Gill Hudson, launch editor of Maxim and editorial director of Dennis Publishing, is leaving to join BBC Worldwide as development editor. She will oversee titles such as BBC Homes and Gardener’s World, and a women’s lifestyle launch is rumoured. Exeter based publishing group Europa is planning to launch a new men’s music title, following the… Continue reading Newsline Brief
