Carlton may go to DTN
Thursday 22 May 1997
The company indicated that if its consortium lost the battle for a digital terrestrial TV licence then it would consider offering programming to the rival bidder, Digital Television Network. Carlton said that not only would it be involved in digital through ITV, but also "as a major producer and distributor of television programmes and films".
City analysts said yesterday they had anticipated Carlton's alternative plans, expecting the company to exploit its programming and production expertise. One analyst said: "If Carlton aren't successful with BDB, you'd expect them to go round the back door and negotiate with DTN."
Robert Jolliffe, media analyst at ABN Amro Hoare Govett, said the digital television environment was "generally incredibly good news for Carlton".
He said: "Digital television will mean that there are more buyers of the kind of programming that Carlton produces - high-quality UK drama."
Carlton's shares jumped 18.5p to 517.5p after it announced pre-tax profits up 11 per cent to pounds 158.6m for the six months to the end of March. The results were roughly in line with expectation, but some analysts were reserving judgement on the full year until the results of the digital licence awards were known.
Carlton's television advertising revenues rose 11 per cent in the half- year. However, some analysts predicted that growth may not be so strong for the full year as the election had a negative impact on advertising revenues.
Three of Carlton's four divisions continued to grow, but the video operation reported a 12 per cent drop in turnover, in part due to the strength of sterling.
- 1 Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
- 2 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 3 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 4 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Jennifer Lawrence: Leaked 4Chan sex video branded 'fake' by users
Jennifer Lawrence 'naked sex video' will be leaked next, threatens 4Chan celebrity photo hacker
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...