LWT has released its final defence document in which it predicts pre-tax profits of £43.8m, an increase of 43% on 1992, much higher than analysts had expected. This was attributed to a 3.8% increase in advertising revenue and lower costs. These figures do not include however the costs of defending the offer from Granada.
The document, which was sent to all shareholders, sets out more reasons why the Granada offer should be rejected; LWT has performed well, better than Granada and it is big enough to survive on its own.
LWT- Christopher Bland 071 261 3131
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
