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Pearson today announced interim pre-tax profits of £54.6m, an increase of 57% on the same period last year.The company, which has a 17.5% stake in BSkyB, has cut its workforce by 3000 since 1990. Results were also boosted by a strong contribution from Lazards Brothers bank, where Pearson has a 50% holding. The newspaper section… Continue reading Pearson Profits Increase
Penguin has teamed up with Classic FM in an unusual project to promote the Penguin Classics list.Launching on 13 September for 13 weeks, Classic FM’s Book Browse will read excerpts from some of the titles from the Penguin Classics list. The package also includes 21 promotional trails per week, and is worth £75,000.Classic FM 071… Continue reading PENGUIN TEAMS UP WITH CLASSIC FM
The Radio Authority has today announced which bidders have been awarded the eight ILR licences for Greater London.LBC, which has broadcast since October 1973, has lost its franchise on both AM and FM, to London News Radio. The new licence comes into effect on 8 October 1994. The chairman of London News Radio is Peter… Continue reading LBC LOSES FRANCHISE
The Media Business Group has beaten Zenith Media to the £23m press buying business for the Book Club Associates (BCA) book and music club account. Zenith has retained the £450,000 BCA broadcast buying.Watson Ward Albert Varndell has held the account for the past five years. Ken Mansfield, who resigned as media director at WWAV earlier… Continue reading Media Business Group Wins BCA
Johnston Press increased their interim pre-tax profits by 24% from £4.85m to £6.02m, in the six months to June.The Edinburgh based publishing group attributed the rise to the West Sussex County Times achieving a significant profits increase, aided by the Worthing Guardian, which was acquired at the end of 1992.
Grampian TV is joining with Border TV in a bid for the Central Scotland regional radio licence. (Newsline 1/9).The two stations are bidding jointly as Central Scotland Radio, under the chairmanship of Sir David Steel. They propose to run a 24-hour talk and music service aimed at adults. Grampian holds 55% and Border 35%, the… Continue reading Grampian TV Bids For Radio
The Times announced yesterday that it is to cut its cover price indefinitely from 45p to 30p on weekdays and from 50p to 40p on Saturdays, after the experimental reduction in Kent. (Newsline 2/8) At 30p the Times will be 2p cheaper than the middle market papers the Daily Mail and the Daily Express, and… Continue reading Times Cuts Price
Anna Home, Head of BBC Television Children’s Programmes, today announced the details of children’s programmes for the next year. The £59m package places emphasis on quality programmes.There is a new Sunday teatime drama called Smokescreen, starring Anita Dobson, Paula Wilcox and Joan Sims. There is also a new series of The Borrowers, starring Daniel Newman.Live… Continue reading BBC CHILDREN’S SCHEDULE
Ever Ready is to end its sponsorship of the Derby next season.Epsom racecourse, home of the Derby, is likely to be sold, despite the withdrawal of sponsorship. However, if the sale goes ahead, potential sponsors who will be asked to contribute in excess of £1m annually, are unlikely to sign a deal until a purchaser… Continue reading Derby To Lose Sponsors