Abbott Mead Vickers has sold off its Leagas Delaney business to a management team for £4 million.AMV has been the parent company of Leagas Delaney for the past 12 years, but said the agency was moving in a different direction. It has been rumoured for some time that staff at Leagas were looking to cut… Continue reading Abbott Mead Sells UK Ad Agency
Global advertising agency Abbott Mead Vickers (AMV) has released its preliminary annual results today for the year ended 31 December 1997; the results show a 19% increase in pre-tax profits at the group to £17.28 million.AMV’s turnover was up from £358.40 million in 1996 to £431.32 million this time – a rise of 20%. Operating… Continue reading AMV Pre-Tax Profit Up 19%
In France, a proposed new media law has been put on hold at the last minute. Due for debate in Parliament in April, the government has said its legislative agenda is now so full that it has no time to introduce the draft law into Parliament until much later in the year. The draft law… Continue reading FR: Media law on hold
The Guardian will be launching a revamped Saturday package on April 25 which will see the launch of a new supplement and the expansion of other sections.The Saturday edition of the newspaper will boast a new colour tabloid magazine called Travel while its sport coverage becomes a stand-alone section with increased features and more fixtures.… Continue reading Guardian Makes Changes To Saturday Package
Channel 5 plans to offer its ‘spare’ digital frequencies to other broadcasters to use for their own programming. The channel says that it wishes to focus its investment and spending on the one Channel 5 service which will be simulcast on both analogue and digital terrestrial, as well as digital satellite.This means that the channel… Continue reading Channel 5 To Offer Surplus Digital Frequencies
The Independent Radio Group, which owns stations such as Scot FM , Mercury FM and 102.4 Wish FM , today announced financial results for 1997 which show a fall in losses from £3 million in 1996 to £2 million. There was also a 60% rise in turnover to £3.6m.Chairman John Bateson said: “IRG is in… Continue reading Independent Radio Shows Improved Results
ITV today announced a £170 million schedule for Spring and Summer which is dominated by World Cup and Formula One action. This will culminate on July 12 when live coverage of the British Grand Prix at Silverstone is followed by the final of the World Cup in Paris.ITV also announced its presentation team for the… Continue reading Sport Leads The Way For New ITV Schedule
Marketing information company Taylor Nelson AGB today announced that its operating profit for 1997 was £12 million, a 40% increase on 1996’s £8.6 million. The merger with French information group Sofres, which created the world’s fourth largest market research company (subscribers see Taylor Nelson Buys French Rival), has helped lift Taylor Nelson’s performance in the… Continue reading Taylor Nelson Operating Profits Up 40%
Flextech this morning announced final year financial results for 1997 which showed an increase of 54% in turnover to £100 million while losses on ordinary activities before taxation fell from £14.2m in 1996 to £6.2m.The Discovery Channel and its sister channel, Discovery Home And Leisure , for which Flextech handles distribution, ad sales and research,… Continue reading Losses Improve At Flextech
Revenue According to agency estimates, total terrestrial television revenue for February (including GMTV) came in at £176.35 million. Of this, ITV brought in £120.83 million (down 0.8% year on year), Channel 4 £41.12m (up 9.3%), Channel 5 £9.53m and GMTV £4.87m (down 9.8%).Among the ITV franchises there was very little change year on year, though… Continue reading TV Round-Up – February
