Channel Islands Communications (Television): dominant position

Article Abstract:

Channel Islands Communications is involved in television broadcasting and has shown a steady growth in profits. The company holds a stake of 0.3% of UK advertising revenue and is the smallest contractor for Channel 3. The company has also acquired free news sheets for Jersey and Guernsey. CIC is also involved in the retailing of brown goods, and acitivity for which sales rose by 10% in 1995, and in rental services for which turnover remained stable. The company could achieve a profit of 1.5 million pounds sterling for 1996 to 1997.

Radio, Television, & Computer Stores, Radio, TV, Music, Electronics Stores, Channel Islands Communications

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Robinson fights back

Article Abstract:

Five executive directors from Granada are seeking compensation for changes to their contracts. They seek a total of 374,000 for reductions in their periods of notice should a takeover occur. Chairman, Gerry Robinson, will receive 140,000 pounds, and chief executive, Charles Allan, will have 110,000 pounds sterling. The group's renumeration committee has approved the payments. A renumeration committee member, John Ashworth, has stood for re-election and 19% of stockholders voted againts him, with 12% abstaining.

Granada Group PLC

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Board rift at CWC

Article Abstract:

Cable and Wireless Communications (CWC) is divided on its attitude to BSkyB. One camp is supporting a deal with BSkyB to buy movies from 1998, while the other camp favors direct negotiations with Hollywood studios. Cable companies are seeking independent access to buy TV content, and BSkyB holds a near monopoly on content and is raising prices for TV companies. If CWC deals with BSkyB there would be few opportunities for cable companies to have independent access to content.

British Sky Broadcasting Group PLC, Cable & Wireless Communications Inc.

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