A drop in the value of Saatchi & Saatchi’s agency acquisitions from the 1980s may lead to the company writing off up to £600m on agencies worldwide to cover the loss. If this goes ahead it could mean quite a substantial loss for the year. A US agency, bought for £450m in 1986, is thought… Continue reading Saatchi To Write Off £600m
Following the acquisition of 14 titles from International Thomson Business Publishing, Emap has shuffled the magazines around, fitting them into individual sections. Broadcast, TV World, Screen International and Screen Ads will move into Emap Media and be based at the company’s Bowling Green Lane office. The retail magazines will go to Emap Maclaren, Retail Jeweller… Continue reading Emap Settles ITBP Titles
A drop in the value of Saatchi & Saatchi’s agency acquisitions from the 1980s may lead to the company writing off up to £600m on agencies worldwide to cover the loss. If this goes ahead it could mean quite a substantial loss for the year. A US agency, bought for £450m in 1986, is thought… Continue reading Saatchi To Write Off £600m
Allied Radio has recorded a pre-tax loss of £1.72m for the 9 months to September 30 1992. Allied’s loss last year was not as severe, standing at £1.57m.
Allied Radio has recorded a pre-tax loss of £1.72m for the 9 months to September 30 1992. Allied’s loss last year was not as severe, standing at £1.57m.
Glasgow agency, Craig Advertising has gone into receivership with 27 redundancies. Craig handled accounts such as Tay Homes and Textile World and is thought to have debts of £500,000 owing to Scottish regional newspapers, including the Glasgow Herald.
Yesterday saw the opening of the Financial Times annual Cable & Satellite conference with speakers including William H Roedy, chief executive officer of MTV Europe who outlined the current situation in the Pan-European market and explained ‘lessons’ they have learned at MTV about how to make it a viable business.David Hatch, advisor to the director… Continue reading FT Cable
& Satellite Conference
UK SATELLITE TELEVISIONRecently appointed head of programming at BSkyB, David Elstein set out to show how much the television environment has changed since the launch of Sky and BSB in 1989 and how increasing competition is causing a growing upheaval in the relationship between consumers and suppliers of television.He points out that BSkyB has pioneered… Continue reading FT Cable & Satellite Conference
The Government has been told that it does indeed have the power to ban the controversial pornographic channel, Red Hot Television (formerly Red Hot Dutch) according to Collette Flesch, director general of EC’s Communication & Culture units.Speaking at the Financial Times Cable & Satellite conference yesterday Flesch seemed puzzled by the Government’s efforts to get… Continue reading Government Has Power To Ban Red Hot TV
United Newspapers (UN) signed a £200m distribution contract with Northern & Shell last summer which it is now attempting to dissolve by sueing a subsidiary of its own company. UN believes that the deal is not working out according to plan and is “increasingly difficult to operate” but Northern, which is planning legal action, describes… Continue reading United Newspapers In Dispute With N&S
