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 Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
- 4 The Greece debt crisis explained in less than 100 words
- 5 Cristiano Ronaldo storms out of interview after being asked about possible sale of Manchester United target Sergio Ramos
Hilary Swank: Million Dollar Baby star says she turns down roles to care for elderly father
Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
The Greece debt crisis explained in less than 100 words
Bastrop: The Texas town where many fear a large military training exercise will be used by President Obama to take their guns and impose martial law
Bakery sends 'horrific' version of Frozen-themed birthday cake to unsuspecting customer
More Britons believe that multiculturalism makes the country worse - not better, says poll
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
iJobs Money & Business
£40000 - £95000 per annum: Recruitment Genius: This is an exciting opportunity...
competitive: SThree: Are you passionate about sales?Do you have a keen interes...
£17000 - £30000 per annum: Recruitment Genius: This is an exciting opportunity...
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...