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04-02-2013, 04:39 PM | #1 | |||
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"Alexander and Evgeny Lebedev have won
the hotly-contested battle for the local TV licence for London, with Ofcom awarding the franchise to the Evening Standard's London Live bid. The victory is significant for Independent proprietors the Lebedevs, with the London franchise regarded as the most lucrative new UK TV licence to be awarded since the launch of Channel 5 in 1997. London Live was one of five bids for the licence, and the Lebedevs will be banking on their entry into the UK TV market helping to move their newspaper assets to profitability. The new Evening Standard-backed TV channel – which will initially offer an 18-hour-a-day service covering news, current affairs, entertainment, weather and sport – is critical to building a cross-media portfolio including the loss-making Independent, I ndependent on Sunday and 20p i, that will significantly boost appeal for advertisers. An initial five-year plan for London Live will include annual marketing support of £5m, and it has been indicated that it could launch early next year. London Live will air on channel 8 on Freeview, which will give access to potentially 4m homes. In its submission the Evening Standard said that it will also launch London Live on Sky and Virgin Media to give blanket coverage of the capital, although this will require separate negotiations. Sky has earmarked channel 117, but Virgin Media has not yet assigned a channel. It will cost the Evening Standard up to £1m a year in fees to launch across the two platforms, the vast majority on satellite capacity, uplink and playout fees." http://www.guardian.co.uk/media/2013...cal-tv-licence 18 Hours - that may be good, Longer interview times. ITV1 London said its due to start at the end of this year. ITN's group lost the bid. Last edited by arista; 04-02-2013 at 05:30 PM. |
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