Rumours of a new media independent from ex-Saatchi Group director’s Alec Kenny and Nick Lockett (NewsLine 27/9) have been confirmed. Alec Kenny has resigned as media director of Saatchis and joins Zenith’s ex client services director Nick Lockett & Steve Booth (also ex-Zenith) in Kenny Lockett Booth (KLB) which will begin operating next week.KLB –… Continue reading New Media Independent Confirmed
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Touche Ross has conducted its eighth annual survey of profitability amongst advertising agencies.Results show that the WPP Group has now beaten Saatchi into second place as the biggest long – term borrower in the advertising industry . The general picture of the sector is of companies suffering from under-capitalisation, lacking strong management and weighed down… Continue reading Advertising Industry Financial Report
Diet Pepsi is to sponsor this autumn’s London Indoor Tennis Championship at Wembley. Pepsi has the option to extend the deal for future years.
British Telecom is to sell its 25% stake in the Children’s Channel to Flextech, a UK oil-services group which is currently diversifying into the media. United Artists Entertainment had originally hoped to acquire the share. The move reflects BT’s decision to move out of the cable industry.
“Due impartiality” must continually be observed on “individual issues” states a new amendment to the Broadcasting Bill announced yesterday. The legislation, which will apply to both television and radio, produced a heated reaction from broadcasters. The amendment was described as “constructive censorship”, and David Elstein, Thames Televsion’s director of programmes, claimed that the move “will… Continue reading Broadcasting Bill “Bias” Amendments
Home secretary David Waddington yesterday affirmed that the BBC’s licence fee increases will be set at less than rises in the RPI after next April. The Home Office is to appoint independent consultants to assess the way in which the Corporation spends its licence fee income. In response to the announcement, BBC director general Michael… Continue reading BBC Licence Fee Examination
LLoyd’s of London has disclosed it is considering the sale of its shipping newspaper LLoyd’s List.
ITV revenue for August showed a year- on-year increase for the first time since last October, coming in at £99,943,474, an increase of 0.1% on August 1990. August 1990 was, however, the steepest fall, year-on-year, during the whole of 1990, down 17.8%.Of the individual contractors,Yorkshire fell heavily, down 0.74% points to 8.18%, whilst HTV was… Continue reading TV Round-Up – August
The publisher Robert Maxwell is expected to announce disposals worth around $450m this week, to reduce Maxwell Communication Corporation’s debts of £1.9bn. Among sales to be announced it is thought one will be a consumer publishing company worth $100m. Maxwell has already confirmed his intention to sell his 20% stake in the UK specialist printers,… Continue reading Maxwell To Announce Disposals
Central Television has announced pre-tax profits down 40% from £11.3m to £6.79m for the six months to 30 June. Turnover was up 0.3% to £153.1m, comprising £113.4m of advertising revenue (£112.9m) and £39.7m (£39.1m) of other income. The group has projected that ad revenue for the full year will reflect “nil growth”.