ITV merger gets poor reception
Article Abstract:
A single ITV company could emerge in the United Kingdom as the sector consolidates, but this could lead to problems with the industry regulator. There are four large groups as acquisitions have already taken place from the original 15 franchises. Ulster TV is a possible target. ITV accounts from some 67% of TV advertising and the Office of Fair Trading has established a 25% maximum for one company. Mergers are also constrained by restrictions on the viewing share of any one company.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Acquisitions still likely after 6 billion pounds sterling merger
Article Abstract:
Reed Elsevier is likely to seek acquisitions following its merger with Wolters Kluwer. The merger means that there are likely to be fewer bidders for educational, tax, legal and professional information concerns. Costs savings are estimated at 1% three years following the merger. The new company will be the biggest supplier of scientific and professional information with sales of more than 5 billion pounds sterling and a market value of some 20 billion pounds sterling.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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BSkyB ahead of news
Article Abstract:
British Sky Broadcasting (BSkyB) stocks offer investors good value over the longer term, though there could be problems in the shorter term. Three brokers from a sample of six rate the company's stocks a buy, and they are Salmon Brothers, Dresdner Kleinwort Benson and BZW. Schroders and ABN Amro Hoare Govett rate the stocks a weak hold. HSBC James Capel argues that it is better to wait before buying BSkyB stocks since the price could initially fall.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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