The Monopolies & Mergers Commission issued a report yesterday which points out to the ITV Network that its present networking arrangements do not pass the competition test. The Commission has stated that ITV companies must change the way they deal with independent producers – allowing the producer to agree a contract with the network centre… Continue reading ITV Welcomes MMC Report
Capital Radio’s sales director David Lees is to leave the company this month. His successor has yet to be announced.
Pre-tax losses for media buying group Aegis for the year ending December 1992 are as follows:Pre-tax losses: £1.9m (£54.4m)Turnover: £2.84bn (£2.1bn)Losses per share: 19.9p (+20.4p)Net average debt: £68m (£35m)No final dividend
Independent Newspapers, with interests in the Republic of Ireland and the UK recorded yearly pre-tax profits as shown below (December 1992):Pre-tax profits: Ir£16m (Ir£7.97m)Operating profits: Ir£23.4m (Ir£16.2m)Total dividend: Ir5.5p (Ir4p)
A new credit sequence is being introduced to the ITV Network weather bulletin, backed by Powergen, as part of an original £2.2m sponsorship deal. The sequences will illustrate how weather conditions affect plants and animals, with one featuring Gemima the white duck sliding over an icy surface. The deal between ITV and Powergen has been… Continue reading Gemima The Duck Promotes Powergen
The chief executive of the Financial Times, David Palmer, has left his position at the paper due to “differences in management style”. He has been replaced by David Bell, currently advertisement and marketing director at the Financial Times.
Homes Counties Newspapers suffered a fall in pre-tax profits to £747,000 from £1.06m (-29%) for the year ending December 1992. Earnings per share increased to 7.2p and turnover to £22.9m from £21.5m.
Principal sponsor of the Welsh Rugby Union, Whitbread plc, has shown concern over a vote of no confidence in the general committee, passed on Sunday. The company has invested £3.1m in the League until 1996.
The new chairman of ITN, Michael Green, emphasised yesterday that the news company is a profit making organisation which “must continue to be an efficient producer of programmes”.Speaking at a press conference Mr Green pointed out to staff that there could be no job guarantees, and that the current number of employees (674) may have… Continue reading New ITN Chief Gives First Warning
T&S Stores, owners of cigarette discount outlets, Supercigs, will soon add to their retail portfolio by selling top magazines at reduced prices. The decision is an attempt by the group to expand into the south of England, where they believe customers are more interested in discounted magazines than cigarettes.This will mean that titles like the… Continue reading Cut Price Magazines At T&S Stores
