GWR makes move on London
Radio group GWR is taking a 31 per cent stake in the new company London
News Radio Limited (LNRL) which is acquiring London Radio Services,
operator of News 97.3 FM and News Talk 1152 AM.
New acquisitions for Pearson
Pearson is acquiring HarperCollins Educational Publishing, part of the
HarperCollins Publishing Group for dollars 588 million (pounds 377m).
Pearson subsidiary Future Publishing has bought consumer PC title PC
Review from Emap Images.
Emap does Latin American deal
Emap Computing has bought the fortnightly global telecommunications
magazine Communications Week International and its sister quarterly
Spanish language title Communications Week International Latinoamerica
from US hi-tech magazine publisher CMP Publications.
UK viewers almost the tops
UK television viewers are second only to Turkey in the number of hours
of TV they watch, according to a global research study by the Discovery
Channel. The survey, which questioned 40,000 people in 41 countries,
found that Italians watch the least TV.
Max Power goes into top gear
Emap’s Max Power has sped past BBC Magazine’s Top Gear in the latest
round of ABCs to become Britain’s biggest-selling monthly motoring
title. Sales leapt 43 per cent year-on-year to 160,461.
Conde Nast’s German link
Conde Nast is to launch a bi-monthly German edition of its magazine
Architectural Digest in January 1997.
Channel 4 to shell out pounds 74m
The ITC has ordered Channel 4 to pay pounds 74 million to the ITV
companies under the funding formula laid out in the 1990 Broadcasting
Act. When Channel 4 revenue exceeds 14 per cent of the total terrestrial
TV revenue, 50 per cent of the surplus must go to ITV.
Cramer heads for CNN
BBC head of news gathering Chris Cramer has been appointed vice
president and managing director of CNN International, based in Atlanta.