MEDIA: FOR THE RECORD

By ALASDAIR REID, campaignlive.co.uk, Friday, 10 December 1999 12:00AM

Flextech is to sell a 38 per cent stake in TV Travel Shop to Barclays Private Equity for pounds 20 million. The deal values the business at pounds 52.6 million. Barclays Private Equity is to pay Flextech pounds 5 million of the total cost of its acquisition and invest the remaining pounds 15 million in the business to fund further expansion.

Flextech is to sell a 38 per cent stake in TV Travel Shop to

Barclays Private Equity for pounds 20 million. The deal values the

business at pounds 52.6 million. Barclays Private Equity is to pay

Flextech pounds 5 million of the total cost of its acquisition and

invest the remaining pounds 15 million in the business to fund further

expansion.





News Communications & Media, the regional newspaper group, has acquired

the Hampshire Chronicle group from Jacob and Johnson for pounds 16

million. The Hampshire Chronicle had a weekly circulation of 17,383 in

the 12 months to the end of June.





Chrysalis Radio has appointed Mary Gopsill as managing director of the

newly formed Chrysalis Radio Online. She joins from Hydra, the media

strategy adviser, where she was in charge of strategy and change

projects. Her role will involve developing the Heart and Galaxy radio

brands online.





Future Publishing unveils Internet Investor, the latest addition to its

ten-strong business and internet magazine portfolio, on 20 December. The

first issue, priced pounds 3.99, includes a beginner’s guide to the

stock market and an overview of online banks.





Time magazine is to use a teaser campaign on TV, radio and in the press

to promote the revelation of its ’person of the century’ award, due to

be announced in the issue on sale on 29 December. The campaign, created

by Bartle Bogle Hegarty, will list possible winners of the award,

including Martin Luther King and Mother Teresa.





Flux, the Manchester-based lifestyle magazine, is to gain national

distribution in major bookshops, galleries and record shops from

December through a deal with Central Books. Flux has a print run of

35,000, with distribution principally in the North of England.





MRI International, the global barter company which offers to exchange

superfluous product for the equivalent value in media space, has hired

Michael Harris as managing director of its UK operation. Harris was

previously head of sales at Active International.





Emap On Air is launching the Big City Network - formerly known as the FM

Network - as a national brand. Big City Network is made up of eight

urban radio stations targeting the 18- to 34-year-old market including

Radio City in Liverpool and Aire in Leeds.





The customer publishing agency, Citrus, has been awarded the contract to

launch a new customer magazine for Jupiter Unit Trust Managers. The

publication will be called Jupiter Universe and will launch in February

2000 with a print run of 100,000.





Action Time, the UK independent production company, has poached the MTV

Network’s former senior director, international programme enterprises,

Caroline Beaton, as head of international and new business.





The UK Federation of Zoos is to support the launch of a new title,

Endangered Species, in the UK. The quarterly magazine, priced pounds

2.95, will be available through subscription and some high street

retailers. The magazine’s pagination is 84 pages, A4 square backed with

glossy format.





Two Way TV, the interactive TV entertainment group, has appointed Jean

de Fougerolles as head of sales and distribution as it rolls out its

commercial service on digital cable. De Fougerolles was previously head

of distribution for MTV Europe and at Two Way TV will be responsible for

deploying the service strands across all emerging digital networks.





Optimedia will not be working on the Tommy Hilfiger fragrances range, as

reported in Campaign on 26 November. Optimedia has picked up media for

all Tommy Hilfiger brands except fragrances. Fragrances will continue to

be handled by CDP Media.



This article was first published on campaignlive.co.uk

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