The BBC has unveiled that it is planning to take radical cost cutting measures so that more of its £2.68 billion licence fee income can be invested in making programmes.According to a report in today’s Financial Times, a small team of managers overseen by John Smith, BBC finance director and chief operating officer, is planning… Continue reading BBC Plans Radical £100 Million Cost Reductions

The international specialist consumer magazine group, Future Network, has today revealed that revenue for the first five months of 2004 is up by 8%, fuelled by growth in Europe and the United States.The trading update, issued prior to the interim results due on 14 September 2004, shows that mainland Europe outperformed all other regions, growing… Continue reading UK Lags Behind Europe And US Growth For Future

Telecoms giant, British Telecom (BT), is set to slash the rental cost of high-speed broadband for new and existing customers from 1st July 2004.Almost all of BT broadband packages are set to be slashed. Customers can now expect to save a massive £13.00 when using the fastest connection package ‘BT Yahoo! Broadband 1Mb’, which is… Continue reading BT Cuts Broadband Prices To Boost Uptake

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

Search engine marketing is becoming an indispensable tool in reaching highly targeted audiences and no self-respecting marketer should be without it, according to the latest white paper from redtagdm.Search engine marketing now accounts for well over a third of online advertising revenue in the UK and companies should do all they can to ensure that… Continue reading Search Engines Find Advertising Revenue Success

WPP chairman, Philip Lader, said today that the US advertising market continues to show growth but that conditions in Western Europe remain relatively tough, particularly in France, Germany and the United Kingdom.Commenting on operating for the first five months of this year, Lader (pictured) said: “2004 is certainly proving to be a better year than… Continue reading WPP Says Conditions Remain Tough In UK

The online advertising market was given a much needed confidence boost yesterday when America Online (AOL) announced the acquisition of internet marketing firm, Advertising.com.The online advertising market had recently been written off after it collapsed following the dotcom frenzy in 2000 and many asked whether the advertising model was viable.Advertising.com, which was founded six years… Continue reading AOL Acquisition Boosts Online Advertising Confidence

ITV has today announced that its multi-channel revenue target for the next three years has been set at £150 million, with an ambitious increase of £36 million being invested in programming.The investment increase will enable the UK’s largest commercial broadcaster to double ITV2’s programme budget and launch the new ITV3 channel for older, upmarket viewers… Continue reading ITV Reveals Ambitious Multi-Channel Revenue Targets

UBC Media, owner of Classic Gold, today announced that it is starting to reap the benefits of the emerging digital radio market, as revenues for the year grew by 29.1% to £13.3 million.Revenue from the groups Unique Interactive unit, which supplies digital radio software to over five countries, rose by 62% for the year ending… Continue reading Digital Radio Helps Boost Revenues At UBC

New research published by Euromedia has predicted that by 2013 the number of multi-channel television receivers in European homes will double to 213 million, with almost half being digital terrestrial television (DTT) receivers.In ten years time 8.3 million subscribers will be generating an annual revenue of €1.12 billion and using 102 million DTT receivers, which… Continue reading DTT Set To Reach Half Of Europe’s Multi-Channel Homes