Abstracts » Retail industry

Losers' fury at decision on Channel 5

Article Abstract:

Channel 5 Broadcasting, a consortium led by media concern Pearson, has won the licence to operate Channel 5, the newest terrestrial television service in the UK. The decision has attracted considerable controversy because Channel 5 Broadcasting made a bid of 22 million pounds sterling, 14 million pounds sterling less than the bid made by UKTV. The Independent Television Commission (ITC) decided not to award the licence to UKTV, even though it submitted the highest bid, because it felt that its programming proposals lacked quality.

Channel 5 Broadcasting Ltd.

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Real goal is money in TV football sale

Article Abstract:

The ownership of the right to broadcast UK Premiership football on television will be extremely important as digital television, which will allow broadcasters to transmit many more programmes along the same frequencies, becomes established. Neither the BBC nor ITV can afford to pay for the right to show live, exclusive football, but they hope to be able to show highlights, the rights for which could alone cost up to 20 million pounds sterling a year. Live football will probably now only be seen on pay television.

Football, Media coverage

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Moguls bid to bring 5 alive

Article Abstract:

Leading media concerns are currently competing strongly for the licence to broadcast on the new Channel 5. Observers believe that the winning bidder may have to invest as much as 200 million pounds sterling to set up the new channel, although the rewards from doing so are likely to be very high. Advertising revenues will be large, as the new channel is predicted to reach around 70% of UK households.

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