Consumer magazine publisher, Future Network, has said that it will be launching at least nine new magazines over the next 12 months and hopes that tapping in to the US action sports sector will help boost group revenues in 2005.In a pre-close trading update, Future Network said that it hopes to launch two new US… Continue reading Future To Launch Raft Of Titles Over Next Year

Publishing group, Highbury House Communications, has announced that it will fail to meet expectations this year and as a result will not be paying an interim or final dividend, despite seeing a 24% jump in revenue during the first half of 2004.The group, which predicted a 27% year-on-year growth in profits from January to June… Continue reading Highbury House Unable To Meet Full-Year Expectations

Mobile phones are becoming increasingly more than just a communications device, according to a new report from Continental Research, as the number of people using their phone as a camera becomes even more popular.Over the past 12 months, the number of adults in the UK who own a mobile phone has grown to nearly 8… Continue reading Mobile Phones Not Just Used To Communicate

The Government’s media regulator, Ofcom, has outlined the steps that have to be taken to ensure the UK’s terrestrial broadcasters are ready for a fully digital future, which could become a reality as early as 2007.The consultation document adds weight to previous reports which predicted that analogue switch-off will become a reality for commercial television… Continue reading Ofcom Announces Plans For Early Digital Switch-Over

Consumer magazine publisher, Future Network, has today warned profits have been held back as a result of a weak Dollar, despite pre-tax profits growing by 7% during the first six months of this year.From January to June 2004, pre-tax profit rose to £7.2 million, up from £6.7 million year-on-year, while operating profit rose 9% to… Continue reading Future Network Profits Rise Despite Weakened Dollar

Global media company, Viacom, has today announced that advertising revenue for second quarter trading grew by 11% to $3.4 billion, citing an ‘outstanding’ period for the group which was led by double-digit operating income from cable networks and television.For the three months to June 2004, operating income increased by 10% to $1.4 billion, while revenue… Continue reading Viacom Reports Record Revenue In Second Quarter

Independent News & Media, publisher of the Independent and the Independent On Sunday, today announced that strong revenue growth has been enjoyed across all major markets for the first half of 2004.At today’s AGM, executive chairman Sir Anthony O’Reilly, said group total revenues are comfortably ahead of 2003, with the strong trading performance being a… Continue reading INM Delivers Strong Growth In First Half Of 2004

Aegis shareholders yesterday rejected the remuneration packages put forward by the media buying and research firm that would see its chief executive, Doug Flynn, receive a £2.35 million pay-off.At yesterday’s annual general meeting, the National Association of Pension Funds, led shareholders of the media buying agency to vote against the severance payment, which would see… Continue reading Aegis Boss Has Pay-Off Turned Down By Shareholders

Capital Radio today announced that further commercial success opportunities could be created by acquiring new radio licences this year.Revenues at the group rose by 4% to £59 million for the first half of this year, citing ten months of consecutive growth, though group profit only inched up by £100,000 on last year to £12.1 million.Capital… Continue reading Modest Revenue Improvements For Capital Radio

Satellite broadcaster BSkyB has reported, along with its third quarter results, that subscriber growth didn’t meet expectations, as it slowed to 66,000 net new subscribers over the period.This is below the average of 100,000 a quarter needed if Sky is to meet its target of eight million direct to home (DTH) subscribers by the end… Continue reading Sky Subscriber Rates Drop But Sky Plus Doing Well