The forced divestment of Carlton & Granada’s sales houses would render the ITV merger ineffective, according to analysis by Lehman Brothers.Trade and Industry Secretary, Patricia Hewitt is due to announce her decision on the merger this week, following an exhaustive Competition Commission investigation into the likely implications of the deal.The Lehman study pretty much rules… Continue reading Sales House Issue Is Key To Success Of ITV Merger
ITV partners Carlton and Granada were in the spotlight again yesterday after rumours that their £4 billion merger will be allowed to go through without the double divestment of their sales houses. The stocks were seen up 9.17% and 5.37% respectively.The outcome of the merger will be announced later today and analysts claim it will… Continue reading Sharewatch: Carlton And Granada Rise On Merger Speculation
Carlton and Granada saw stocks rise today as the city welcomed news that the ITV partners could go ahead with their planned £4 billion merger without divesting their sales houses.Lorna Tilbian, analyst at Numis Securities, said: “The merger is the best possible outcome and allows ITV to better compete with a strong BBC and BSkyB.”The… Continue reading Carlton And Granada See Shares Rise As City Backs Merger
BBC Radio 1 has announced that Sara Cox is being replaced as host of the station’s flagship breakfast show after listening figures reportedly dropped by half a million.Cox will be replaced by drivetime host, Chris Moyles, who will move into the early morning slot at the beginning of next year.The shake-up will see Cox remain… Continue reading BBC Radio 1 Drops Sara Cox From Breakfast Show
The Telegraph Group has announced that its managing director of sales, Len Sanderson, is to leave the company at the end of this month.The move, which is part of a wider management restructuring at the paper, follows the decision of editor Charles Moore to relinquish his position in order to devote more time to his… Continue reading Telegraph Parts Ways With Managing Director Of Sales
The Telegraph has unveiled a raft of management changes which will see Hugo Drayton, who is currently managing director of Hollinger Telegraph new media, take over as managing director of the Telegraph Group.Drayton will replace Jeremy Deedes, who will stay on as a consultant to the group. Commenting on the shake-up, Dan Colson, deputy chairman… Continue reading Telegraph Unveils Management Shake-Up
Today’s decision by trade and industry secretary, Patricia Hewitt, paves the way for what many regarded as the inevitable creation of a single ITV company, as Carlton and Granada prepare to merge. With only behavioural remedies imposed, the two ITV heavyweights have emerged from the year-long Competition Commission investigation with one of the better outcomes… Continue reading MediaTelINSIGHT: What Next For One ITV?
ITV partners Carlton and Granada were in the spotlight after rumours that the Department of Trade and Industry was to reveal its decision on their proposed merger as early as today. The stocks were seen up 0.61% and 2.09% week on week.However, many analysts believe that the decision will come later in the week as… Continue reading Sharewatch: Carlton And Granada In The Spotlight
ZenithOptimedia’s managing director, Greg Turzynski, is stepping down to pursue other opportunities, in a move that has prompted the agency to restructure its senior management team.Turzynski joined Optimedia in September 1996 as managing partner and became joint managing director when the agency merged with Zenith last year. He took over as sole managing director following… Continue reading ZenithOptimedia Loses Turzynski As Managing Director
Capital Radio has created a new entertainment division within its brand sales department in an attempt to maximise cross-platform promotions.The new team is designed to meet the special demands of music and entertainment advertisers by creating new opportunities to combat the decline in revenue from music and record brands, while exploiting the surge in growth… Continue reading Capital Expands Brand Sales With New Entertainment Team
