The BBC might need to begin carrying advertising in order to raise its revenue, according to a submission from the Incorporated Society of British Advertisers (ISBA) to the BBC Funding Review Panel today. It follows submissions from both ITV and the CRCA (see Newsline).ISBA believes that in order to maintain the quality and diversity of… Continue reading ISBA Suggests BBC Uses Spot Advertising To Increase Revenue
The Independent Radio Group, owner of six radio licences in Scotland and the north-west, yesterday posted its annual financial results for 1998. The group, which launched Wire FM at the beginning of last year, reported a reduction in pre-tax losses from £2.8 million to £2.5 million.Group sales increased by 10% to £3.9 million, with an… Continue reading Independent Radio Reduces Losses
The Commercial Radio Companies Association (CRCA) and ITV have today submitted a letter to the secretary of state for culture, media and sport, Chris Smith. Both are voicing a shared view as regards the future funding of the BBC.The two bodies feel that the BBC Funding Review Panel, which is asking for money for further… Continue reading Commercial Broadcasters Say BBC Should ‘Live Within Its Means’
The Scottish Media Group (SMG), owner of Scottish Television and the Sunday Herald, has announced that it has acquired the Scottish outdoor advertising companies Baillie Advertising and Baillie Lite.Baillie is based in Edinburgh and has a total of 357 larger 48-sheet sites and 367 smaller 6-sheet sites spread across Scotland. The acquistion adds to SMG’s… Continue reading Scottish Media Group Expands Outdoor Portfolio
EMAP fell sharply yesterday following an analysts’ briefing which caused profit forecasts to be downgraded. Shares closed down 61p at 1,220p. The TV campaigned for EMAP’s Heat magazine has this week been banned by the Independent Television Commission (see ITC Bans Hot Emap TV Advert)Adscene, the regional newspaper publisher, was boosted by the news that… Continue reading Sharewatch
IPC Magazines’ SouthBank Publishing Group has appointed Yvonne Ramsden as the new publishing director of its Home Interest Group following the departure of Jackie Newcombe.IPC’s Home Interest Group launched Living etc (see Newsline) and 25 Beautiful Homes (see Newsline) last year, and Yvonne was a key part of those launches. She has been part of… Continue reading New Publishing Director At IPC’s SouthBank
Johnston Press released its financial results for 1998 today, and recorded an increase in pre-tax profit of 33%, rising to £45.9 million. Headline earnings per share were 15.73p ( a rise of 20%), and the group saw advertising revenue rise by 7% throughout the year.Johnston Press bought eight titles from Eastern Counties towards the end… Continue reading Johnston Press Reports 33% Rise In Pre-Tax Profit
Johnston Press, which reported its financial results today (see Newsline), closed with its share price at 277˝p yesterday, although today, the publisher’s stock had risen by 1˝p to 279p by 11:30am.Reports in this weekend’s press claimed that ONdigital, rival to BSkyB in the digital TV market, is about to announce slow initial sales figures for… Continue reading Sharewatch
The Mirror Group has announced that it is creating a new group division – Mirror New Media and Interactive Services. The branch, headed up by David Clarke as chief executive (formerly chief executive at Virgin Net), will launch a free Internet service, ic24.co.uk (see Newsline). These developments are a result of the review which the… Continue reading Mirror Group Announces New Media Division and Free ISP
Talk Radio has sealed a deal for the exclusive rights to broadcast cricket’s Coca-Cola Cup, which takes place in Sharjah, Dubai. The tournament, a warm up to the World Cup in May, takes places between 7 and 16 April and will see England face up to Pakistan and India.Talk will broadcast coverage of the matches… Continue reading Talk Radio Catches Coca-Cola Cricket Coverage
