Media Sector

ITV Granada Studios to be sold at £26.5 Million Sale

Granada-Studios.It's time to sell ITV's Granada Television Studios.

The studios that are present at Quay Street in Manchester would be sold in a £26.5m deal to Allied London and Manchester City Council.

The parent company would be shutting down the site. This place is famous for being a hub to the commercial television in the North West since 1956.

UTV Realizes Fall in Shares

UTVFollowing half-year results, shares in UTV tended to plunge. According to a recent report, the results said the advertising revenue along with missed expectations were on a continuous decline in Ireland.

STV Returns to Dividend List

STVSTV is now making a comeback in the dividend list. Its shares in the Scottish broadcaster were reported to have climbed up six percent yesterday.

Chief executive of STV Rob Woodward said that the dividend's return was an evidence that the company is now doing good. The net debt of STV was also reported to have gone down 22% to £43.4m.

Heading Towards Bankruptcy, Reader’s Digest is Looking Forward to Grow Further

Heading Towards Bankruptcy, Reader’s Digest is Looking Forward to Grow FurtherIt's been decades that Reader Digest has come into existence but now its private equity owners have dragged its 91-year-old publisher into bankruptcy. With emergence of internet libraries and electronic media, most of the costumers have shifted their idea of reading books to online reading.

4 People blame Trinity Mirror for Phone Hacking

4 People blame Trinity Mirror for Phone HackingIt was a complete shock for Trinity Mirror, publisher of the Daily Mirror and Daily Record of Scotland, as well as for people when allegations of phone hacking were levied on the group.

Newsweek Announces Publishing Transition

Newsweek-DailyNewsweek, which is a magazine brand, recognized internationally in the world, has decided to put its publishing of a print edition to closure soon, a recent report has uncovered. It is a world of free online content, the company says, which does not let it make enough profits.