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Carlton Media
Carlton Communications plc was a British media company. It was led by Michael P. Green and listed on the London Stock Exchange from 1983 until 2 February 2004, when it was bought by Granada plc in a corporate takeover to form ITV plc. Carlton shareholders gained approximately 32% of ITV plc. As well as being the parent company of Carlton Television Limited it was also involved in several other media and broadcasting businesses and was a constituent of the FTSE 100 Index. History Founding In 1967 Michael Green established a printing and photo-processing company, ''Tangent Industries'', with his brother-in-law and his father-in-law (the future Lord Wolfson). In 1982, Green bought Transvideo, renaming the company ''Carlton Television Studios''. A year later the name was changed to Carlton Communications when the company went public. Soon after, the Moving Picture Company (MPC), Europe's largest video facilities provider, joined Carlton in a joint venture to acquire the UK subsidi ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Carlton Home Entertainment
ITV Studios Limited is a British multinational television media company owned by British television broadcaster ITV plc. It handles production and distribution of programmes broadcast on the ITV network and third-party broadcasters, and is based in 12 countries across 60 production labels, with local production offices in the UK, the US, Belgium, Australia, Germany, the Netherlands, Italy, Israel, France, Spain, and Scandinavia. About ITV Studios not only makes programmes primarily for its parent company ITV plc, but also for other networks such as the BBC and Channel 4. It was formed from a gradual amalgamation of the production divisions of all ITV plc owned 'Channel 3' licensees which occurred from 1994 to 2004, and for a number of years thereafter following the creation of ITV plc. The division is also responsible for ITV's production facilities The London Studios, 3SixtyMedia (based at ITV Granada, and co-owned with BBC Studioworks), and location hire company ProVision ...
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Thames Television
Thames Television, commonly simplified to just Thames, was a franchise holder for a region of the British ITV television network serving London and surrounding areas from 30 July 1968 until the night of 31 December 1992. Thames Television broadcast from 09:25 Monday morning to 17:15 Friday afternoon (19:00 Friday night until 1982) at which time it would hand over to London Weekend Television (LWT). Formed as a joint company, it merged the television interests of British Electric Traction (trading as Associated-Rediffusion) owning 49%, and Associated British Picture Corporation—soon taken over by EMI—owning 51%. Like all ITV franchisees at that time, it was a broadcaster, a producer and a commissioner of television programmes, making shows both for the local region it covered and, as one of the "Big Five" ITV companies, for networking nationally across the ITV regions. After its loss of franchise in 1992, it continued as an independent production company until 2006. The ...
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British Satellite Broadcasting
British Satellite Broadcasting plc (BSB) was a television company, based in London, that provided satellite television, direct broadcast satellite television services to the United Kingdom. It started broadcasting on 25 March 1990. The company was merged with Sky Television (1984–1990), Sky Television plc on 2 November 1990 to form Sky UK, British Sky Broadcasting. Development In January 1977, the World Administrative Radio Conference assigned each country five high-powered satellite television, direct broadcast by satellite channels for domestic use. In 1982, after being awarded two of the channels, the BBC proposed its own satellite service, but the government imposed two conditions on it: * Use of a satellite built by United Satellite, a consortium of British Aerospace and Matra Marconi Space (now Airbus Defense and Space), with costs estimated at £24 million per year. * A supplementary charter was agreed in May 1983 which allowed the BBC to borrow up to £225 million to c ...
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Independent Broadcasting Authority
The Independent Broadcasting Authority (IBA) was the regulatory body in the United Kingdom for commercial television ( ITV and Channel 4 and limited satellite television regulation – cable television was the responsibility of the Cable Authority) – and commercial and independent radio broadcasts. The IBA came into being when the Sound Broadcasting Act 1972 gave the Independent Television Authority responsibility for organising the new Independent Local Radio (ILR) stations. The Independent Television Commission formally replaced the IBA on 1 January 1991 in regulatory terms; however, the authority itself was not officially dissolved until 2003. The IBA appointed and regulated a number of regional programme TV contractors and local radio contractors, and built and operated the network of transmitters distributing these programmes through its Engineering Division. It established and part-funded a National Broadcasting School to train on-air and engineering staff. Approach ...
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London Weekend Television
London Weekend Television (LWT; now part of the non-franchised ITV London region) was the ITV (TV network), ITV network franchise holder for Greater London and the Home Counties at weekends, broadcasting from Fridays at 5.15 pm (7:00 pm from 1968 until 1982) to Monday mornings at 6:00. From 1968 until 1992, when LWT's weekday counterpart was Thames Television, there was an on-screen handover to LWT on Friday nights (there was no handover back to Thames on Mondays, as from 1968 to 1982 there was no programming in the very early morning, and from 1983, when a national breakfast franchise was created, LWT would hand over to TV-am at 6:00am, which would then hand over to Thames at 9:25am). From 1993 to 2002, when LWT's weekday counterpart was Carlton Television, the transfer usually occurred invisibly during a commercial break, for Carlton and LWT shared studio and transmission facilities (although occasionally a Thames-to-LWT-style handover would appear). Like most ITV ...
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Leonard Wolfson, Baron Wolfson
Leonard Gordon Wolfson, Baron Wolfson (11 November 1927 – 20 May 2010) was a British businessman, the former chairman of GUS, and son of GUS magnate Sir Isaac Wolfson, 1st Baronet. He is the father of Janet Wolfson de Botton. He attended The King's School, Worcester, from 1942 to 1945. He married Ruth Sterling in 1949; they were married for 41 years and had four daughters. After they divorced, he married Estelle Jackson in 1991.https://www.theguardian.com/business/2010/jun/17/lord-wolfson-obituary Having been knighted in 1977, he was created a Life Peer on 13 June 1985 with the title Baron Wolfson, ''of Marylebone in the City of Westminster''. He was a member of the Conservative Party. On the death of his father in 1991, Lord Wolfson succeeded as 2nd Baronet (styled "of St Marylebone in the County of London"). He was granted a leave of absence from the House of Lords from 2008. He was Chairman of the Wolfson Foundation. He was elected an Honorary Fellow of the British Ac ...
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FTSE 100 Index
The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on the London Stock Exchange. History The index started on 3 January 1984, having been constructed by the London Stock Exchange to better reflect activity on the market. The index would replace the Financial Times' own FT 30 after its public unveiling on 14 February. As late as 10 February, the Stock Exchange referred to the index as 'SE 100', cutting out the Financial Times who had not contributed to its construction. Recognition was ultimately given to the fact that having the FT involved in the official launch possessed value. The new index allowed the Stock Exchange's own London Traded Options Market (LTOM) to launch an options contract derived from the FTSE's real-time data in May 1984, while competitors LIFFE were quick to coinci ...
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Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offer. It can also include shares in the new company. Takeover types Friendly takeover A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In a private company, because the shareholders and the board are usually the same people or closely connected with on ...
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GMTV
GMTV (an initialism for Good Morning Television), now legally known as ''ITV Breakfast, ITV Breakfast Broadcasting Limited'', was the name of the national ITV (TV network), ITV breakfast television contractor/licensee, broadcasting in the United Kingdom from 1 January 1993 to 3 September 2010. It became a wholly owned subsidiary of ITV plc in November 2009.ITV buys remaining 25 pct stake in GMTV
Reuters report on Interactive Investor, 26 November 2009
Shortly after, ITV plc announced the programme would end. The final edition of ''List of GMTV programmes#GMTV, GMTV'' was broadcast on 3 September 2010. GMTV transmitted daily from 6 am with GMTV's weekday breakfast magazine programme ''List of GMTV programmes#GMTV, GMTV'' broadcasting until 8:25 (9:25 on Friday), followed by ...
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London News Network
London News Network (or LNN) was a television news, production and facilities organisation in London. It was created in 1992 as a joint operation between London's two ITV contractors, Carlton Television and London Weekend Television, with each company holding a 50% stake. Overview After weeks of shadowing Thames and LWT, LNN debuted on air on 1 January 1993 as Carlton replaced Thames Television as London's weekday ITV franchise. The company's flagship programme, '' London Tonight'' launched three days later, replacing the previous separate news services provided by Thames and LWT. The company's headquarters were located at The London Television Centre on the South Bank (home to LWT and The London Studios). A view of the London skyline, including St. Paul's Cathedral, could be seen from the window set of Studio 7, the main news studio. LNN continued production of ''London Tonight'' (and ''London Today'') until 2004, when ITN took over those responsibilities. The final edi ...
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ITV Digital
ITV Digital was a British digital terrestrial television broadcaster which launched a pay-TV service on the world's first digital terrestrial television network. Its main shareholders were Carlton Communications plc and Granada plc, owners of multiple licences of the ITV network. Starting as ONdigital in 1998, the service was rebranded as ITV Digital in July 2001. Low audience figures, piracy issues and an ultimately unaffordable multi-million pound deal with the Football League led to the broadcaster suffering large losses, and it entered administration in March 2002. Pay television services ceased permanently on 1 May of that year, but carriage of the remaining free-to-air channels such as BBC One and Channel 4 continued. In October, ITV Digital’s former terrestrial multiplexes were taken over by Crown Castle and the BBC to create the Freeview free-to-air service. History On 31 January 1997, Carlton Television, Granada Television and satellite company British Sky B ...
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