BSkyB’s controversial £623 million bid for Manchester United has been rejected by the Monopolies & Mergers Commission’s investigation, according to an article in the Daily Telegraph this morning. Quoting sources close to the Department of Trade & Industry, which is now considering the MMC’s report, the newspaper says that the Commission has found the proposed… Continue reading Sky’s Man Utd Bid May Have Been Turned Down
Telewest Communications has appointed Philip Jansen, Dunlop Slazenger’s group marketing director, to the same position at the cable company. Jansen, who has marketed products with Proctor & Gamble as well as Dunlop, will have overall responsibility for Telewest’s Group marketing and brand strategies.Telewest yesterday posted its year-end financial results and announced 90,000 new customers in… Continue reading Telewest Appoints Marketing Director
CE Digital, the digital radio alliance set up by Capital Radio and EMAP Radio at the end of last year (see Emap And Capital Join Forces To Bid For Digital Licences), was the sole bidder for the Birmingham area digital licence according to the Radio Authority (RA). The licence covers a broadcast area with an… Continue reading EMAP And Capital Bid For Birmingham Digital Radio Licence
The regional and local newspaper industry has all but halted its decline in sales according to the latest ABC figures and the Newspaper Society (NS). In the July-December 1998 audit period, 65% of all regional titles increased sales compared to 56% for the same period in 1997 and 45% the year before that.The figures show… Continue reading Regional Press Halts Sales Decline In Latest ABCs
UK companies are increasingly using the internet to conduct business, rather than merely as a communication tool, according to the UK Internet Survey 1999 by Fletcher Research. The survey has found that 41% of sites are now using the web to raise or save money online; this compares to 35% in 1998.Advertising is the dominant… Continue reading Business Usage Of The Net Is On The Increase
ITV today unveiled its first full schedule since the untimely demise of News at Ten. The £170 million schedule, which ITV is hoping will give it a significant lead over the BBC, is packed full of new factual programming, entertainment shows, comedies and drama and film premieres. Over the course of the new schedule there… Continue reading ITV Promotes Factual Programmes In Spring/Summer ’99 Schedule
Reed International continues to strengthen after Reed Elsevier’s trading statement released last week caused the share price to tumble (see Sharewatch). Reed closed yesterday up by 20źp at 546p.Telecoms companies Cable & Wireless and Telewest both held steady yesterday following a slip in shares caused by the surprise sale of 10% of C&W stock (see… Continue reading Sharewatch
The telecoms sector was rocked yesterday by the surprise, discounted sale of 10% of Cable & Wireless stock by German telecommunications company, Veba. ABN Amro and Cazenove, Veba’s joint brokers, placed 246 million shares with a number of instutional investors at around 735p. This price is an enormous 11.5% discount on C&W’s 830˝p closing price… Continue reading Sharewatch
Outdoor company, More Group UK, has acquired a controlling shareholding in the London based billboard contractor, Postermobile, and will be making an offer for the remaining shares. The management of Postermobile will continue to run the company and will also take responsibility for sales across More’s 48-sheet portfolio in the ‘Golden Triangle’ (Carlton, Anglia and… Continue reading More Group Acquires Postermobile
The Mirror Group has today sold its old headquarters in Holborn, London to former publisher Lord Hamlyn, for £40 million. The Mirror Group is hoping to reduce its debt to in order to force any prospective new owners to increase their bids for the company.Mirror Group has received and rejected bids from both Trinity International… Continue reading Mirror Group Nets £40m For Former Holborn Headquarters
