FOR THE RECORD

Channel 5 has raised up to pounds 140 million for future developments through a bank syndicate. The loan will limit the exposure of the channel’s shareholders and increase the return on their investment. The chief executive, David Elstein, described the loan as ’a testament to the success of the retuning operation, the steady rise in our audience reach and viewing figures’.

Channel 5 has raised up to pounds 140 million for future

developments through a bank syndicate. The loan will limit the exposure

of the channel’s shareholders and increase the return on their

investment. The chief executive, David Elstein, described the loan as ’a

testament to the success of the retuning operation, the steady rise in

our audience reach and viewing figures’.



Ian Hargreaves, the editor of the New Statesman, has announced that he

is leaving the magazine ’to pursue a number of ventures’. He will

continue to be a director of the magazine and will remain in the job

until a replacement is found. Hargreaves, a former editor of the

Independent, joined the New Statesman two years ago.



The International media group, CLT-UFA, is looking to sell its UK radio

interests for more than pounds 65 million. It plans to sell its 80 per

cent stake in Atlantic 252 and its 62 per cent stake in Talk Radio UK

and Country 1035. Bids are expected by the end of April.



Laser Satellite and Cable, the sales operation which sells airtime for

the Gran-ada Sky Broadcasting channels, has parted company with its

sales director, Andy Hawkins. Hawkins said: ’I’ve achieved as much as I

am able and the job has run its course.’



BT is poised to buy Demon Internet for about pounds 60 million. Demon,

an Internet access provider, was set up in 1992 and now boasts more than

175,000 customers. It made losses of pounds 2.9 million last year

although its turnover doubled to pounds 18 million. The company’s

founder, Cliff Stanford, is expected to make about pounds 30 million

from the sale.



The National Magazine Company has appointed Elaine Luff as head of

licensing following the departure of Dominic Furey. Luff joins from MTV

where she was business development account director responsible for

licensing and merchandising as well as sponsorship and advertising on an

international basis.



Cartoon Network has overtaken all cable and satellite channels for the

housewives with children audience, according to its latest viewing

figures. The channel’s average monthly rating of 1.05 TVRs in February

is its highest ever, up 24 per cent year on year. The channel claims

that its rating of 2.27 for kids secures its position as the top cable

and satellite channel in that age range.



London News Radio has appointed a new head of local and regional sales.

Nick Williams has joined the company, which operates News Direct and

LBC, from the GWR Group station Mercia FM, and will be responsible for

managing LNR’s six-person local and regional sales team. He replaces

Nick Jordan who has moved to LNR’s national sales team.



Anna Harvey, the deputy editor of British Vogue, has been promoted to

editorial director of Conde Nast new markets Europe/Africa and editorial

director of Russian Vogue. She will work alongside Godfrey Deeny, who

has been editorial director of new markets Europe/Africa since last

year.



Blockbuster Video is using the youth cable TV channel, Rapture, for its

first TV activity of 1998 by signing up as sponsor of the top ten videos

chart on Rapture’s ACNY (At a Cinema Near You) show. The deal,

negotiated by Steve Huddleston at Media Solutions, includes on-screen

branding, competitions and giveaways.



Attic Futura’s teen title, TV Hits, has signed Twix to sponsor a CD

covermount with 17 tracks from artists such as Eternal, Louise and

Boyzone. Twix branding will be featured on the CD and sponsored

editorial will run over a number of issues. The deal, worth around

pounds 100,000, was planned by the Braben Company.



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