A bidding war for a merger with the Mirror Group is expected to fire up following the resignation yesterday of chief executive, David Montgomery (see Possibilities For Mirror Group).One potential bidder, Trinity International, has said that it is waiting ‘for the dust to settle’ after the boardroom wrangles which dogged the Mirror Group in recent… Continue reading Bidding War Expected To Surround Mirror Group
Capital Radio released a trading statement today, revealing that ad revenue has increased year on year for the first four months of the financial year that began on 1 October 1998. Although business in its restaurants has seen a downturn ‘in line with consumer spending’, its interactive business is enjoying increased viewing, with sales revenues… Continue reading Capital Radio Sees A Growth In Ad Revenue
The Independent Television Commission (ITC) has issued formal warnings to three of its licensees for breaches of its programme code.Zee TV, the Asian television channel, was reprimanded for ‘undue prominence’ for products or services in programme time. One of the channel’s programmes included promotional material for a number of businesses, including contact details. Zee TV… Continue reading ITC Formally Warns Three Television Channels
We are opening up the opportunity for media companies to advertise jobs on MediaTel. The Economist is first to take this up – seeking a marketing media executive. MediaTel is also seeking media developers and web designers.For potential advertisers, the fee is £100 for 3 weeks – promoted from the MediaTel Anna Feletti at MediaTel… Continue reading MediaTel Recruitment
Emap Metro’s film title Neon is to close after failing to meet circulation targets. According to a spokesperson at the publisher, when the title launched in November 1996, aimed at the ‘neglected generation’ of film goers aged 16-24, there was a gap in the market for it. That gap, however, did not prove big enough… Continue reading Emap’s Neon Closes After Poor Sales
Cabal Communications, Sally O’Sullivan’s publishing group, has announced that it is to launch a new title into the cycling magazine market this spring. The monthly title, procycling, will be sold in a wide range of international markets including Britain, Ireland, USA, Canada, Australia, South Africa and Scandinavia.Edited by William Fotheringham (cycling correspondent to The Guardian,… Continue reading Cabal Launches New Cycling Title
Digital One, the digital radio consortium which holds the sole UK national commercial digital radio licence (see Newsline), has advertised for tender three brand new digital radio services, part of a package of seven.The three specific channels up for tender include a soft adult contemporary music station, a drama and comedy channel and an all… Continue reading Digital One Advertises Three Channel Tenders
BBC Online is the second most popular UK site after only a year – 42% of UK users have visited the site within 2 weeks. Only Yahoo! UK & Ireland claimed a larger amount of visits, with 61% of UK users having visited the site in the same period. These findings are according to the… Continue reading BBC Online Second Most Popular UK Website
This morning Mirror Group Newspapers lost its CEO, David Montgomery, amidst takeover discussions with regional newspaper publishers, Trinity International and Regional Independent Media (RIM) (see Montgomery Resigns From Mirror Group). He took the decision to step down ahead of a possible ousting by the company’s shareholders and non-executive director, Sir Victor Blank.Montgomery was seen as… Continue reading Possibilities For Mirror Group
Pearson, the international media group, announced yesterday that it is to sell off some of its business and reference titles. The businesses up for sale include: Jossey-Bass, MacMillan General Reference and McMillan Library Reference.The group, headed by Marjorie Scardino, looks set to make between £180 and £220 million from the sales.Pearson released a promising trading… Continue reading Pearson To Sell Off Business Titles
