UK: UNITED NEWS DIVESTMENT PLAN CONTINUES

Article Abstract:

United News & Media's divestment programme continued on 28 February 2000 with the US$ 220mn sale of Visual Communications Group (VCG), the UK-based firm's professional images and stock photography business. United News is looking to merge with Carlton Communications and is keen to focus its portfolio in the consumer publishing, business services and TV markets. VCG promotes image collections in the UK, Germany, France and the US and posted a US$ 6mn operating profit and turnover of US$ 90mn in 1999. US-based Getty Images is buying the business.

Photographic and Photocopying Equipment Manufacturing, Photographic Equip & Supplies, Photographic industry, United News

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UK: RAPIDINSURE STAKE ACQUIRED BY CHANNEL 5

Article Abstract:

Channel 5 has entered a deal with online insurance concern Rapidinsure, whereby it will advertise the company every day for a year in 30-second evening slots, in return for an 8% stake. A similar deal. worth GB[pound] 20,000, was recently concluded between the digital Money Channel and Updata, the software provider. Channel 5, which has 6% of the UK viewing share, is exploring ways of exploiting its airtime, taking US networks NBS and CBS as its models. Its agreement with Rapidinsure is worth around GB[pound] 1mn. Dot.com shares have also attracted media personalities such as Jonathan Ross and Hugh Scully, who have taken stakes in online toy retailer Toyzone and online auctioneer QXL.

Life Insurance, Direct Life Insurance Carriers, Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Insurance industry, Life insurance industry, Contracts, Property and casualty insurance, Property and casualty insurance industry, Channel 5 Broadcasting Ltd.

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UK: PEARSON DENIES INTEREST IN MEDIA GROUPS

Article Abstract:

Newspaper speculation that publishing group Pearson could seek in the independent television and media companies Carlton Communications and United News & Media have been denied by the group. Carlton and United are currently in talks to merge. Pearson says the acquisition would not be a strategic fit.

Newspapers, Newspaper Publishers, Newspaper publishing, Carlton Communications PLC, Pearson Inc.

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