DOCSLIB.ORG

Channel 5 Deal Overview February 2014 DRAFT Executive Summary

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

DRAFT Channel 5 Deal Overview February 2014 DRAFT Executive Summary Sony Pictures Television (“SPT”) has an opportunity to acquire Channel 5 (a subsidiary of Northern & Shell), an FTA channel that is the only privately owned commercial public service broadcaster in the UK • Channel 5 is a multi-channel network with its channels (i.e., Channel 5, Multichannel 5*, Multichannel 5 USA, and Demand 5) available on Freeview, satellite (e.g., Sky), cable (e.g., Virgin) and IPTV • Northern & Shell (“N&S”) has hired Barclays to run a sale process for the entire business with initial non- binding indications of interest due by February 27, 2014 – We estimate a preliminary valuation for 100% of Channel 5 in the range of $825M – $945M (£516M – £591M), representing a 10.3x to 11.7x CY13 Adj. EBITDA multiple and a 7.6x – 8.7x CY14 Adj. EBITDA multiple – This is a preliminary valuation estimate based on limited information and prior to due diligence • Channel 5 provides an opportunity for SPT to become a powerhouse in a key international free-to-air market and to realize significant synergies across Sony Pictures Television networks, distribution, production, ad sales divisions as well as Sony One benefits – Expand SPT’s distribution and reach and cross promote channels and drive viewership and ad sales – Platform to launch new formats and co-productions in the UK – Distribution outlet for SPE content (film and TV series, soaps, talk shows, children’s, library product) – Immediate digital presence in the UK market with Demand 5’s catch-up and VOD service • SPT proposes to submit a preliminary and non-binding indication of interest, subject to due diligence, of $850M (£531M) for Channel 5, representing a 10.6x CY2013 Adj. EBITDA multiple and 7.8x CY2014 Adj. EBITDA multiple – SPT to form a JV and own 51% of the equity, which would allow for consolidation [TBD] – Transaction assumes no leverage 2 • With preliminary synergies, the Channel 5 acquisition has an NPV of $26M, IRR of 13.4%, DWM of ($434M), Note: Assumes £ to $ exchange rate of 1.60. and payback in FY23 based on an SPT equity investment of $434M for 51% of the equity DRAFT Situation Overview • In July 2010, RTL Group, the leading European entertainment network, announced the sale of Channel 5 to the N&S company owned by British publisher Richard Desmond for a total cash consideration of $167M (£104M) – The deal valued Channel 5 at LTM revenue multiple of 0.4x and LTM EBITDA multiple of 12.4x – Channel 5 experienced significant revenue and profit decline relative to the market in 2008 and 2009; the company underwent a comprehensive restructuring process at the time of sale – Rival bidders also included Channel 4, Time Warner and Endemol • Northern & Shell has now appointed Barclays to advise on a potential sale of Channel 5 – Process expected to be a competitive auction and possibly a two-stage process – Interest so far from a broad array of bidders, although private equity seen to be relatively reluctant – Signing expected prior to the summer break • Next Steps: Indicative non-binding proposals are due by 9:00am GMT on February 27, 2014 3 Note: Assumes £ to $ exchange rate of 1.60. DRAFT Company Overview Company Highlights • Channel 5 is a multi-channel network with channels available on Freeview, satellite (e.g. Sky), cable (e.g. Virgin) and IPTV • 6.0% Channel 5 family Share of Viewing (“SOV”)1 in all of UK • Launched in 1997 as the fifth and final national terrestrial UK network • Acquired by Northern & Shell from RTL Group in 2010 • The Department for Culture, Media and Sport announced in November 2012 that Channel 5’s PSB license would be renewed until 2024. The final license renewal announcement was made by Ofcom on February 11th 2014 for the licensing period starting from January 2015 to end of 2024 Key Brands Channel 5 Multichannel 5 Multichannel 5 USA Demand 5 • UK’s fifth most popular • 0.6% SOV1 in 2013 • 1.0% SOV1 in 2013 • Catch-up and VOD service channel, with 4.4% SOV1 and • Shows a mix of soaps, • Shows drama, films, sports, • Provides PC, tablet, mobile reached 48M viewers in movies, dramas and comedies and youth and connected TV access to December 2013 documentaries with a focus programming from the US Channel 5’s programming • Programming revolves around on 16 – 34 year olds • Key Programming: • Achieves 12M views per entertainment, • Key Programming: month documentaries, kids, news, • Partner in the YouView films and sports consortium, a next generation • Key Programming: IPTV service Channel 5 is the UK’s only privately owned commercial Public Service Broadcaster (“PSB”)2, viewed by 80% of the UK population in a typical month and has a 9.6% UK Share of Commercial Impacts (“SOCI”) 4 (1) Source: Broadcasters Audience Research Board. Refers to 2013 and Channel 5’s main channel, 5USA, 5* Multichannels and +1 channels. (2) PSB’s include Channel 5, BBC1, BBC2, ITV and Channel 4. DRAFT Strategic Acquisition Rationale Opportunity Consideration • Revenues are highly concentrated on advertising • Inter-company revenues (predominantly air time) amount to 9.4% of total sales. Channel 5’s contracts with N&S expected • Become a powerhouse in a key free-to-air international market to be extended to CY16, thereafter N&S likely needs to be by combining SPT and Channel 5’s networks replaced • Utilize unused digital spectrum to launch new channels • Big Brother makes up a significant portion of total impacts • Refocus strategic positioning of multichannels 5* and 5USA to (15%), which creates uncertainty in projected periods Networks target key demos and improve ratings • SPT recently signed a 7 year ad deal with Sky to sell the UK • Cross-promote channels to increase ratings and ad revenues channels’ ad inventory ; ad synergies in the first 7 years may • Utilize Channel 5’s program library across SPT channels come from multichannel launches only • Potential to improve ad rates by bundling SPT channels ad • TV ads and N&S publications ads appear to be sold in inventory with ad inventory from new Channel 5 launches packages. The impact from selling TV ads on stand alone basis is unclear • Ad sales team of 97 people appears to be shared across all N&S properties • Channel 5 predominantly outsources original production - opportunity to leverage SPT’s production capabilities in the UK • Channel 5 has an in-house production company which Production • Test and launch new formats in the UK - creates a larger contributes relatively small revenue and has not generated opportunity to discover a hit format and capture international flagship IP sales • Expiration of current distribution agreement with DRG is • Incremental distribution of TV series, soaps, library product unknown Distribution • Distribute original shows produced by SPT and in-house • Limited near-term upside given estimated small size of productions in international markets international revenue from original productions • Immediate digital presence in UK market and ability to • Digital economics not provided at this time leverage the team and technology across SPT channels Digital • YouView is incurring significant losses and Channel 5 has • Ownership in YouView, a JV with 6 others, UK’s fastest funding commitments; may be diluted thereafter if it stops growing connected TV platform funding • The channel has had steady ratings and share over the last 4 years • Improve ratings and diversify revenue streams (digital, • Certain factual Channel 5 productions are co-produced and production, retransmission) co-financed by an agency (GroupM). Without the co-financing partner Channel 5 may need to increase its program spend • High upside from retransmission fees, if allowed Financial although unlikely to be very significant • Cut G&A and operating costs, such as transmission fees, • Retransmission fees are uncertain,subject to regulatory when bundled with SPT channels approvals 5 • Channel 5 has a lean overhead operation • Channel 5 and N&S expected to renew inter-company contracts at market rates through CY16 DRAFT Programming Overview ($M) Overview Key Program Spending • Acquisitions (licensed content) comprise $184M (56%) of 2013 • Big Brother: $54M (£33.6M) of program spend in CY13 total programming costs – Reality show produced by Endemol targeting ages 16-34 – TV and film account for $141M and $43M, respectively demo, Channel 5’s flagship commission – SPT Distribution expected to sell ~$21M of content to Channel – Last contract extension was in July 2012 5 – Contract expires in December 2015 • Original programming (commissions) comprise $144M (44%) of • Neighbours: $36M (£20M) of program spend in CY13 2013 total programming costs – Soap opera produced by FremantleMedia Australia – Top 3 shows (Big Brother, Neighbours and Home and Away) – Contract renegotiated in 2010 to reduce costs by $19M comprise $111M or ~80% of original programming spend (£12M) annually – Remaining original shows cost $31M or ~20% of original – Contract expires in 2017 and represents the biggest programming spend contract commitment - $128M (over 50% of total commitments) – SPT expected to produce 50% of original shows outside of top 3, which accounts for $15M or ~10% of original programming • Home and Away: $24M (£15.3M) of program spend in spend CY13 • Channel 5 comprise 87% ($286M) of total programming spend in – Soap opera produced by Red Heart Entertainment 2013 – Contract expires in December 2016 and represents the 2nd largest acquired contract commitment - $69M • MultichannelsCY10 – CY13 comprise Programming 13% ($42M) of total Breakdown programming spend, Channel 5 CY13 Programming by Genre (£43M) with over 90% on acquisitions (licensed content) Original Scripted Childrens Drama Documentary Special Interest Reality Other Non-Scripted Format Original International Non-Scripted 6 Note: Assumes £ to $ exchange rate of 1.60. DRAFT Programming Overview (cont.) • Channel 5’s ratings and impacts are strongly influenced by several shows (i.e.
Recommended publications
  • Print Journalism: a Critical Introduction

    Print Journalism: a Critical Introduction

    Print Journalism A critical introduction Print Journalism: A critical introduction provides a unique and thorough insight into the skills required to work within the newspaper, magazine and online journalism industries. Among the many highlighted are: sourcing the news interviewing sub-editing feature writing and editing reviewing designing pages pitching features In addition, separate chapters focus on ethics, reporting courts, covering politics and copyright whilst others look at the history of newspapers and magazines, the structure of the UK print industry (including its financial organisation) and the development of journalism education in the UK, helping to place the coverage of skills within a broader, critical context. All contributors are experienced practising journalists as well as journalism educators from a broad range of UK universities. Contributors: Rod Allen, Peter Cole, Martin Conboy, Chris Frost, Tony Harcup, Tim Holmes, Susan Jones, Richard Keeble, Sarah Niblock, Richard Orange, Iain Stevenson, Neil Thurman, Jane Taylor and Sharon Wheeler. Richard Keeble is Professor of Journalism at Lincoln University and former director of undergraduate studies in the Journalism Department at City University, London. He is the author of Ethics for Journalists (2001) and The Newspapers Handbook, now in its fourth edition (2005). Print Journalism A critical introduction Edited by Richard Keeble First published 2005 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon, OX9 4RN Simultaneously published in the USA and Canada by Routledge 270 Madison Ave, New York, NY 10016 Routledge is an imprint of the Taylor & Francis Group This edition published in the Taylor & Francis e-Library, 2005. “To purchase your own copy of this or any of Taylor & Francis or Routledge’s collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.” Selection and editorial matter © 2005 Richard Keeble; individual chapters © 2005 the contributors All rights reserved.
  • Camelot Judgment

    Camelot Judgment

    Neutral Citation Number: [2012] EWHC 2391 (Admin) Case No: CO/3102/2012 IN THE HIGH COURT OF JUSTICE QUEEN'S BENCH DIVISION ADMINISTRATIVE COURT DIVISIONAL COURT Royal Courts of Justice Strand, London, WC2A 2LL Date: 22/08/2012 Before : LORD JUSTICE STANLEY BURNTON MR JUSTICE KENNETH PARKER - - - - - - - - - - - - - - - - - - - - - Between : THE QUEEN on the application of CAMELOT UK LOTTERIES LIMITED Claimant - and - THE GAMBLING COMMISSION Defendant - and - (1) THE HEALTH LOTTERY ELM LIMITED (2) – (52) THE COMMUNITY INTEREST COMPANIES LISTED AT APPENDIX 1 Interested parties ‐and‐ THE PEOPLE’S HEALTH TRUST Intervener - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - David Pannick QC and Kate Gallafent (instructed by Baker & McKenzie) for the Claimant James Goudie QC and Christopher Knight (instructed by Field Fisher Waterhouse) for the Defendant Thomas Sharpe QC and James Dingemans QC (instructed by Rosenblatt Solicitors) for the Health Lottery ELM Ltd Susanna Fitzgerald QC and Alexander Brown (instructed by Salans) for the Community Interest Companies Hearing dates: 11, 12, 13 July 2012 - - - - - - - - - - - - - - - - - - - - - Approved Judgment Judgment Approved by the court for handing down. Camelot Lord Justice Stanley Burnton: Introduction 1. This is my judgment following the rolled-up hearing of the Claimant’s application under CPR 54.4 for permission to proceed with its claim for judicial review, with the substantive hearing to follow if permission was granted. As is usual, we heard full submissions on the basis that we would in due course decide whether or not to grant permission and, if so, whether the claim succeeded and what if any relief should be granted. We would consider whether Camelot should be refused permission on the ground of its delay in bringing its claim.
  • British Media Coverage of the Press Reform Debate : Journalists Reporting Journalism

    British Media Coverage of the Press Reform Debate : Journalists Reporting Journalism

    This is a repository copy of British media coverage of the press reform debate : journalists reporting journalism. White Rose Research Online URL for this paper: http://eprints.whiterose.ac.uk/165721/ Version: Published Version Book: Ogbebor, B. orcid.org/0000-0001-5117-9547 (2020) British media coverage of the press reform debate : journalists reporting journalism. Springer Nature , (227pp). ISBN 9783030372651 Reuse This article is distributed under the terms of the Creative Commons Attribution (CC BY) licence. This licence allows you to distribute, remix, tweak, and build upon the work, even commercially, as long as you credit the authors for the original work. More information and the full terms of the licence here: https://creativecommons.org/licenses/ Takedown If you consider content in White Rose Research Online to be in breach of UK law, please notify us by emailing [email protected] including the URL of the record and the reason for the withdrawal request. [email protected] https://eprints.whiterose.ac.uk/ British Media Coverage of the Press Reform Debate Journalists Reporting Journalism Binakuromo Ogbebor British Media Coverage of the Press Reform Debate Binakuromo Ogbebor British Media Coverage of the Press Reform Debate Journalists Reporting Journalism Binakuromo Ogbebor Journalism Studies The University of Sheffield Sheffield, UK ISBN 978-3-030-37264-4 ISBN 978-3-030-37265-1 (eBook) https://doi.org/10.1007/978-3-030-37265-1 © The Editor(s) (if applicable) and The Author(s) 2020. This book is an open access publication. Open Access This book is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence and indicate if changes were made.
  • Contents Issue 91 Autumn 2012

    Contents Issue 91 Autumn 2012

    23015 Amicus 91 Autumn text.qxd:Text 5/12/12 12:05 Page 1 Contents Issue 91 Autumn 2012 THE POLITICS OF PRESS REGULATION “A sloppy, elephantine piece of work that relies on nobody Articles having the time to read it before taking sides.” This dismissal The Common European Sales Law proposal – European of Lord Justice Leveson’s four-volume report, An inquiry into Private law at the crossroads? 2 the culture, practices and ethics of the press (November 29, 2012), was delivered by Peter Preston, a former editor of the Interpreting the neW South African Companies Act: some Guardian and an influential figure in the world of newspaper challenges 12 journalism. Mr Preston’s Views are shared by many editors Institute News 15 and others within the media opposed to LeVeson’s central recommendation for the creation of an independent self- Articles (cont’d) regulatorY body underpinned by statute to regulate the press. Reducing overreliance on credit ratings; failing strategies Some have found the report much more to their liking, and the need to start from scratch 17 notably the Hacked Off campaign which represents those who consider themselves to have been Victims of abusive practices Cameras in the courts: why the prohibition occurred in by the press. Hacked Off wants Leveson to be implemented the UK 22 in full without delay, backed by a petition signed by over 100,000 people and supported by well-known figures such as the HarrY Potter author J K Rowling and entertainer Stephen The report is long and detailed, but even those who FrY.
  • MICHAEL GOVE - MEETINGS with MEDIA ORGANISATIONS – 6 May 2010 – 15 July 2011

    MICHAEL GOVE - MEETINGS with MEDIA ORGANISATIONS – 6 May 2010 – 15 July 2011

    MICHAEL GOVE - MEETINGS WITH MEDIA ORGANISATIONS – 6 May 2010 – 15 July 2011 This list sets out the Secretary of State’s meetings with senior media executives for the period May 2010-July 2011. This includes all meetings with proprietors, senior executives and editors of media organisations for both newspapers and broadcast media. It does not include those meetings with journalists that ended up in interviews that appeared in the public domain, either in newspapers and magazines. It may also exclude some larger social events at which senior media executives may have been present. This is the fullest possible list assembled from the Secretary of State’s Parliamentary diary, their departmental diary, personal diary and memory. Every effort has been taken to ensure that this is as accurate as possible but the nature of such an extensive exercise means something may have inadvertently got missed. Declaration of interest: The Secretary of State worked for the BBC from 1991 to 1995 and News International from 1996 to 2005. He wrote a weekly column for News International from 2005 to 2009. His wife currently works for The Times and has done so since 1998. Secretary of State, Michael Gove Date of Name of Media Organisation Purpose of Meeting Meeting 19 May 2010 Rupert Murdoch (News Corporation), Dinner and general Rebekah Brooks (News International), discussion plus more than ten others. 28 May 2010 Bill Kristol (Weekly Standard), plus Dinner and general several others discussion 30 May 2010 Alan Rusbridger (The Guardian), Jon Dinner at the Hay
  • Mr Kerry Green. 1St Assistant Director ______

    Mr Kerry Green. 1St Assistant Director ______

    MR KERRY GREEN. 1ST ASSISTANT DIRECTOR _____________________________________________________________________________________________________________________________________________________________________ DIARY SERVICE CONTACT DETAILS PERSONAL DETAILS Diary Service: Callbox Communications. Julia / Amy / Paige / Connie Mobile Number: 07915 396643 Telephone Number: 01932 592572 Email Address: [email protected] Email: [email protected] Location: London ___________________________________________________________________________________________________________________________________________________________ 1st Option Managing Covid 19 Risks On Production APA Covid-19 Assessment Test DBS Checked Experience with: Tracking Vehicles / Cranes / Russian Arms / Steadicam / Motion Control / Drones / Stop Frame Animation / High Speed Cameras / Stunts / Wire / Fire / Water / Green Screen / Cars / Children / Animals / Crowds ___________________________________________________________________________________________________________________________________________________________ COMMERCIALS / IDENTS / VIRALS - (500 CREDITS) Starbucks ‘Make The Change’ Amazon ‘Doors 1’ Haribo Maoam ‘Dancer’ Walkers ‘Big Bag Blast’ Ebay ‘Fantastic Beasts’ Epson ‘Robot’ Diet Coke ‘Put Perfect On Ice PC: Fresh Films PC: Blink PC: Stink PC. AMVBBDO PC: Rubber Republic PC: Citizen Films PC: Recipe Films Directors: The Queen Director: Fred Rowson Director: Greg Brunkalla Director: Ben Jones Director: Matt Golding Director: Rollo Hollins Director: Peter Lee Scott
  • A-Level Media Studies Year 11 Into Year 12 Transition Work What Can I

    A-Level Media Studies Year 11 Into Year 12 Transition Work What Can I

    A-level Media Studies Year 11 into Year 12 Transition Work What Can I Do To Prepare For A Level Media Studies? The A level course contains lots of set texts. These include music videos, print and audio- visual advertisements, films, computer games and newspapers. It would be useful for you to look at some of these in preparation for when they appear in your lessons. The table below contains details of the set texts you must look at/watch. Completing the additional research will also develop and strengthen your understanding. (Whilst you might not have time to watch the to films in full, you should still complete the research tasks.) Make sure you keep any research/notes you make - they will come in handy, eventually! Set text Further research 'Tide' washing powder print advert Select another 2 Tide adverts. (1950) called 'Tide's Got What Women How are they similar/different? Want'. How do all 3 adverts placed together represent women in the 1950s? Kisss Of The Vampire' film poster (1963) Look at 2 more posters for 'Hammer Horror' films from the 1960s. What similarities can you identify? 'WaterAid' charity advert: Watch a different WaterAid charity advert. www.youtube.com/watch?v=Uiy3dkTwP How is it similar or different? cQ Beyonce - 'Formation' music video: Research the background of 'Hurricane Katrina' www.youtube.com/watch?v=WDZJPJV__ and the damage it did to New Orleans. bQ Vance Joy - 'Riptide' music video: Research French 'New Wave' cinema. What was www.youtube.com/watch?v=uJ_1HMAG it? b4k How do you recognise it? What do these films look like? Ca you idetify ay liks etee Ne Wae iea ad the Riptide usi ideo? Film - 'I, Daniel Blake' - directed by Ken What is 'social realism' in film? Loach What does it look like? Is I, Daiel Blake a soial realist fil? Film - 'Black Panther' (2018) Compile some background research into the MCU (Marvel Cinematic Universe) - what is it, who owns it, how much profit does it make? Leap Into Media This booklet contains several articles written specifically for Media Studies students and taken from 'The Media Magazine'.
  • This Item Was Submitted to Loughborough's Institutional Repository

    This Item Was Submitted to Loughborough's Institutional Repository

    This item was submitted to Loughborough’s Institutional Repository (https://dspace.lboro.ac.uk/) by the author and is made available under the following Creative Commons Licence conditions. For the full text of this licence, please go to: http://creativecommons.org/licenses/by-nc-nd/2.5/ The ‘Tony’ Press: Media Coverage of the Election Campaign. To be published in Geddes, J. and Tonge, J. (eds) Labour’s Second Landslide. Manchester: Manchester University Press, 2001 Introduction. Compared with previous campaigns, the 2001 election made for a less compelling journalistic story.1 The competitive race of 1992 had been followed by an extraordinary Labour victory in 1997. Though several commentators had labelled both campaigns boring, there was a consensus that the 2001 election had been an even more tedious event. Perhaps not unrelated to this were the unprecedented levels of voter abstention. Following the election media contributors joined defeated politicians to reflect on shortcomings in their performances. When discussing the democratic process scholars disagree over the precise nature, if any, of media effects.2 During the 2001 campaign this debate was minimal because the size and consistency of the Labour lead in public opinion polls diminished interest in this particular topic. Nonetheless politicians did appear to believe that the media mattered because they spent considerable time and sums of money on using the two complimentary promotional techniques of public relations and advertising.3 Public relations strategists, the so-called 'spin doctors', co-ordinated contact with the 'free' media of journalism. Getting favourable coverage through news reporting would, it was hoped, help politicians reach the electorate.
  • Liberal Legacies and Media Reform After Neoliberalism

    Liberal Legacies and Media Reform After Neoliberalism

    Goldsmiths Press • Liberalism in Neoliberal Times Chapter 16: Liberal Legacies and Media Reform after Neoliberalism Jonathan Hardy Published on: Sep 11, 2019 Updated on: Apr 02, 2019 License: Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC-BY-NC-ND 4.0) Goldsmiths Press • Liberalism in Neoliberal Times Chapter 16: Liberal Legacies and Media Reform after Neoliberalism Of the values liberalism has bestowed on media, plurality ranks high. Yet to address the failures of both liberal and neoliberal approaches to media plurality we need the insights of the radical tradition. In the West, the governing values forming twentieth-century communications were liberal, albeit split into its libertarian, private-property-protecting forms, and more interventionist, social market variants. Modern liberalism supported measures to ensure public value, from obligations on private trustees of the airwaves in the United States, to public service media, and measures to safeguard political and, later, cultural diversity, ranging from press subsidies to ownership controls. Over the last four decades neoliberalism has become the dominant value system, favouring ‘deregulation’ and free markets, although it has not supplanted entirely the justifications for positive intervention for social and cultural ends, or indeed allowed free market rhetoric to hamper statist action on behalf of capital control, and social control. Liberalism has been displaced, but challenging neoliberalism requires acting upon radical critiques. Liberalism values a plural media but, in general, has wished the ends while restricting the means. Classic liberalism made the values of free speech conditional on private media ownership. Twentieth- century liberalism remained troubled by state intervention in media markets, yet, grappling with corporate combinations and commercialism, built a case for states to use the wealth of government and the rule of law to support public service media, subsidies, and obligations on private providers.
  • Hitting the Jackpot: How Charity Lotteries and the National Lottery Are Complementary, Not in Competition

    Hitting the Jackpot: How Charity Lotteries and the National Lottery Are Complementary, Not in Competition

    Hitting the Jackpot: How Charity Lotteries and the National Lottery are complementary, not in competition April 2021 Joe Saxton and Sarah Eberhardt [email protected] www.nfpsynergy.net 2 Hitting the Jackpot: How Charity Lotteries and the National Lottery are complementary, not in competition www.nfpsynergy.net Foreword from Lord Mancroft Britain is lucky to have a thriving lotteries sector that provides regular and sustainable funding for a huge range of charities and good causes across the whole country. Funds raised from lotteries support good causes ranging from small local community groups to multi-national organisations – and virtually everything in between. This includes hospices, air ambulances, animal shelters, support for cancer patients, tackling homelessness, the arts and culture, environmental protection, and encouraging sport and well-being. Name your favourite charity and it is more than likely that it benefits from lottery fundraising! Charity lotteries existed in Britain for many years before the National Lottery was launched. While the National Lottery is much bigger than every charity lottery put together, it works in a different way. National Lottery money is distributed by Distribution Boards, who direct the money where they think best. Charity lotteries, on the other hand, are promoted by individual charities, which spend the money they get from their lotteries in the way their Trustees think best - and they are in the best position to spend that money wisely, rather than as the latest fashion dictates. This is important because it is often the smaller charities, with less money to spend on publicity, that do the best work.
  • Representation of the News of the World Phone Hacking Scandal And

    Representation of the News of the World Phone Hacking Scandal And

    Representation of the News of the World phone hacking scandal and the Leveson Inquiry: an analysis of the British Press coverage of the debate that arose from the scandal Binakuromo Ogbebor School of Journalism, Media and Cultural Studies Cardiff University This thesis is submitted to Cardiff University in fulfilment of the requirement for the Degree of Doctor of Philosophy January 2018 ii Acknowledgement Representation of the News of the World phone hacking scandal and the Leveson Inquiry is the product of an amazing support network and community. I am glad I have this space to say thank you to all who contributed to the successful completion of my study for a PhD in Journalism Studies at Cardiff University. My sincere thanks go to the School of Journalism, Media and Cultural Studies (JOMEC), the major sponsors of this thesis. This thesis is evidence of the great support and care students receive at Cardiff University and especially at JOMEC. Your support spanned academic, economic and social well- being. I shall ever remain grateful to you. Special thanks go to my supervisors, Dr Inaki Garcia-Blanco and Dr Stephen Cushion whose patient tutelage, professional advice and profound support brought me this far. The Director of Post Graduate Research Studies at JOMEC, Professor Paul Bowman was amazing. I appreciate the time you sacrificed to listen to all my requests, questions, complaints etc. and you were quick to provide solutions - thank you very much. I am also indebted to Professor Matt Carlson of Saint Louis University whose inputs on metajournalistic discourse were very useful. My years of working in the teaching teams of Professor Bob Franklin, Professor Justin Lewis, Professor Allan Stuart, Dr John Jewell and Dr Kerry Moore broadened my knowledge and perspectives on research and key academic debates in Journalism Studies, some of which were applied to this thesis.
  • Hitting the Jackpot: How Charity Lotteries and the National Lottery Are Complementary, Not in Competition

    Hitting the Jackpot: How Charity Lotteries and the National Lottery Are Complementary, Not in Competition

    Hitting the Jackpot: How Charity Lotteries and the National Lottery are complementary, not in competition April 2021 Joe Saxton and Sarah Eberhardt [email protected] www.nfpsynergy.net 2 Hitting the Jackpot: How Charity Lotteries and the National Lottery are complementary, not in competition www.nfpsynergy.net Foreword from Lord Mancroft Britain is lucky to have a thriving lotteries sector that provides regular and sustainable funding for a huge range of charities and good causes across the whole country. Funds raised from lotteries support good causes ranging from small local community groups to multi-national organisations – and virtually everything in between. This includes hospices, air ambulances, animal shelters, support for cancer patients, tackling homelessness, the arts and culture, environmental protection, and encouraging sport and well-being. Name your favourite charity and it is more than likely that it benefits from lottery fundraising! Charity lotteries existed in Britain for many years before the National Lottery was launched. While the National Lottery is much bigger than every charity lottery put together, it works in a different way. National Lottery money is distributed by Distribution Boards, who direct the money where they think best. Charity lotteries, on the other hand, are promoted by individual charities, which spend the money they get from their lotteries in the way their Trustees think best - and they are in the best position to spend that money wisely, rather than as the latest fashion dictates. This is important because it is often the smaller charities, with less money to spend on publicity, that do the best work.