The board of Paramount Communications yesterday said it was terminating its existing merger pact with Viacom in favour of a hostile $10bn (£6.7bn) bid from the television shopping channel QVC Network. It is still likely that Viacom will put in an increased offer.GRANADA BOSS GETS 17% PAY RISEThe chief executive of Granada TV, Gerry Robinson,… Continue reading Paramount Recommends Bid
The Morgan Partnership (Glasgow) has made a dozen redundancies including the Media Director Marc Fincham. The media department has been reduced by 50% in the last month.
The cycling Tour Of Britain, otherwise known as the Milk Race is urgently looking for a sponsor as the Milk Marketing Board, backers since 1958, are being abolished on 1st April.If a new sponsor cannot be found by the end of January, the event will effectively be over. Numerous companies are willing to support parts… Continue reading Milk Race Sponsorship Ends
The Government yesterday approved the takeover of Thames Valley Newspapers by the Guardian Media Group, which had been investigated by the Monopolies and Mergers Commission. Thames Valley Newspapers, a division of Thomson Regional Newspapers, publishes the Reading Evening Post, a weekly paid-for title and free weeklies in Reading Wokingham and Bracknell, Berkshire.The deal increases GMG’s… Continue reading Newspaper Takeover Approved
The BBC have given Janet Street-Porter a key job in developing the BBC’s entertainment output. As Head of Independent Production for BBC TV’s Entertainment Group she will commission comedy and entertainment ideas from independent companies.
First Choice, the new radio sales house set up in November (Newsline 18/11) has announced the 12 radio stations for which it is selling from now onwards: Minster FM (York) Yorkshire Post Radio Wear FM (Sunderland) Radio Wave (Blackpool) Mellow 1557 (Frinton) RTM (Thamesmead) 1170 (High Wycombe) Sunshine 855 (Ludlow) Radio Ceredigion (Aberystwyth) Radio Maldwyn… Continue reading Radio Sales House Details
At the board meeting of Newspaper Publishing, owner of the Independent papers held yesterday, staff were told that there would not be any cuts in the editorial budget. Patrick Morrison, chief executive, had argued for cuts of £8 million.This means that the papers will have to look to an outside group for survival The most… Continue reading Independent Spared Editorial Cuts
British Sky Broadcasting has made its first £50m payment to its shareholders. The payment was the first return on a total of £1.6bn invested in the project so far. Operating profit had reached £3m a week by the end of November, but the figure for the full half year is not yet released. Richard Brooke,… Continue reading BSkyB Subscription Move A Success
The ITC yesterday published guidelines about the interpretation of its Programme and Sponsorship Codes with regard to television coverage of the National Lottery.In principle the ITC has no objection to the National Lottery being advert- ised, although some technical amendment will be required. The ITC also has no objection to shows screening National Lottery draws.… Continue reading ITV Clear To Bid For Lottery Show
British Sky Broadcasting has made its first £50m payment to its shareholders. The payment was the first return on a total of £1.6bn invested in the project so far. Operating profit had reached £3m a week by the end of November, but the figure for the full half year is not yet released. Richard Brooke,… Continue reading BSkyB Subscription Move A Success
