BSkyB is planning to launch a new teenage soap on Sky One, as part of a strategy to grow its young audiences. $3.9m is to be ploughed into the soap, set in a back packers hostel in Australia and following the lives of teenaged travellers from around the world. The money will be invested by BSkyB and Newscorp affiliates Foxtel, Fox Latin America and Sky Perfect TV.
Charles Stern, finance director of United Business Media (UBM), has announced that he will not be returning to a full time role at the company. Stern, who has been employed in the position for more than eight years, went on sick leave in September last year, and has made this decision in the light of medical advice. Group financial controller Andy Crow is to continue to carry out the executive responsibilities of the role. Clive Hollick, UBM’s CEO, paid tribute to Stern’s “major role in the successful development of United over the last few years” and joined the board in wishing him a “speedy and full recovery.
The proprietors of the Daily Mail and the Daily Express, Lord Rothermere and Richard Desmond, have called a truce in the escalating battle taking place within their newspapers. Following Desmond’s takeover of the Express titles last year (see Newsline), the Mail has been attempting to persuade Desmond’s readers to change allegiance by highlighting his involvement with publishing softcore pornography magazines. Desmond has responded with exposés about Rothermere’s private life. It is believed that a meeting between executives took place during which the Express agreed to stop running the Rothermere stories in return for a cessation of the Mail’s porn references.
In his relatively short sojourn as boss of the Express, Richard Desmond is thought to have cleared nearly half of the debt he acquired when he took over the titles, thanks to a controversial cost cutting campaign which has seen the exit, voluntary or otherwise, of a large number of Express staffers.
IPC Media is expected to instigate cuts to its women’s lifestyle portal,
Andrew Neil has revealed that the revamped version of fledgling financial title, the
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