Reuters put in a good performance yesterday, climbing 0.57% to close at 395˝p following the announcement that Sir Christopher Hogg will be replaced as chairman by Sir Niall FitzGerald (see Reuters Appoints FitzGerald As New Chairman).Meanwhile, The Daily Mail Group took the biggest tumble of the day, slipping 1.90% to 671p. The group has reportedly… Continue reading Sharewatch: Reuters Climbs As New Chairman Takes Helm
Hollinger International, the parent company of the Daily Telegraph, has confirmed that it is pressing ahead with the auction of its newspapers and will welcome any offer from the Barclay brothers.The announcement follows a final order from a US court that prevented Lord Conrad Black from selling his majority stake in Hollinger Inc to the… Continue reading Hollinger Invites Barclays To Join Telegraph Auction
Cable group NTL reduced losses by 79% in the fourth quarter of 2003. Its year end results, released today, show that net loss at the troubled company fell to £130m across the quarter, to total £584 million for the year, compared to £1.5 billion in 2002.Revenues were up 8% to £577m during the fourth quarter… Continue reading NTL Reports Reduced Losses And Rise In Broadband Homes
The outdoor industry looks set to announce a record nine percent share of the total UK advertising market when official revenue figures for 2003 are released later this month.The growth in outdoor advertising equates to a 1% rise year on year and follows a tough few months for other sectors, with television and national newspaper… Continue reading Outdoor Advertising Set To Claim Record Market Share
Almost 80 applicants are understood to have put their names forward for the role of BBC chairman following Gavyn Davies’ recent decision to step down in the wake of the Hutton Enquiry.The number of hopeful candidates for the role is understood to have quadrupled compared to the last time the position became vacant three years… Continue reading BBC Chairman’s Job Attracts Raft Of Applications
The Scotsman has become the latest UK broadsheet to enter the increasingly competitive tabloid market with the launch of a compact version of its Saturday paper.The move follows decisions by the Independent and the Times to produce tabloid editions, which have helped to boost circulation by 4.7% and 3.8% and respectively in the latest ABC… Continue reading The Scotsman Turns Tabloid On Saturdays
Chime Communications chairman Lord Tim Bell has given his support to David Elstein’s controversial proposals to break-up the BBC and abolish its licence fee.Bell, who is one of the best known figures in the UK communications industry, has backed wide-ranging plans for BBC funding to be transferred to a special public broadcasting authority that would… Continue reading Chime Communications Boss Backs BBC Break-Up
The Times has this week unveiled an extensive outdoor marketing campaign to promote its sports section as the largest of any daily newspaper.The Biggest for Sport campaign will run for two weeks on the London Underground and will comprise a range of 96-sheets and 48-sheet posters on platforms, as well as 12-sheet posters and escalator… Continue reading Times Promotes Sport Section With Outdoor Push
ITV’s chief executive of broadcasting, Mick Desmond, outlined a seven-point plan for future strategy at the annual ISBA conference this week. Top of the list was building strong partnerships with advertisers and he pointed to the arrival of Justin Sampson as ITV’s first head of customer relationship management.The ITV strategy included:Delivering commercial impacts to common… Continue reading Desmond Outlines New Strategy For Post Merger ITV
The newly merged ITV company dipped by 1.10% yesterday to settle at 134žp following publication of its first financial results since the multi-billion pound merger was completed last month. The company announced a fall in advertising revenue for 2003, but revealed signs of improvement during the first quarter of this year (see ITV On Target… Continue reading Sharewatch: ITV Dips Following Post-Merger Results
