Advertising on the internet is seeing significant growth but it is set to remain a modest part of newspaper revenues for many years to come, says a new report from the World Association of Newspapers.The Profiting from Digital report from the Shaping the Future of Newspaper (SFN) project says, publishers need to look for other… Continue reading Newspapers Must Be ‘Cleverer’ To Profit From Digital Content

Global information and news group, Reuters has saw revenues fall by 4.4% to £528 million during the third quarter of this year, however the results were ahead of the 5% expected decline.For the full-year, recurring revenue is forecast to be down ‘by close’ to 5.5%, implying a quarter four decline of around 3%.Chief executive, Tom… Continue reading Reuters Revenues Down 4.4% And Expects A Further Drop In Q4

Bill Gates, head of the world’s largest software company, Microsoft, predicts a future for the entertainment industry in which traditional broadcast television is rendered irrelevant.A host of new technology entering the market, such as personal video recorders and digital video recorders are changing the way that viewers watch television. They now have more control than… Continue reading Bill Gates Predicts TV Broadcasting Will Be ‘Irrelevant’

Search engine giant, Google has struck a deal with internet service provider, Tiscali, to offer its web targeted advertising product on Tiscali’s European websites.The agreement will see Google’s search results available on Tiscali portals in The Netherlands, Denmark, the Czech Republic and will expand to the other main countries where the ISP operates by mid-2005.As… Continue reading Tiscali Strikes A Deal With Google AdWords

Over half of UK households can now access the internet from home, says the latest report from the Office of National Statistics (ONS).From April to June 2004, over 52% (12.8 million) of households in the UK could access the internet at home, compared to just over 9% (2.2 million) in the same quarter of 1998.According… Continue reading Research Shows 52% of UK Households Now Online

UK media regulator, Ofcom, has today issued a statement that outlines the approach it will take to determine a fair renewal price for Channel 3, Channel 5 and teletext broadcast licences.In accordance with The Communications Act 2003 and Broadcasting Act 1990, Ofcom is required to set a cash value for the licences as if they… Continue reading Ofcom Issues Guidelines On TV Licence Renewal

The National Magazine Company has today unveiled its latest foray into the women’s weekly celebrity market with the launch of Reveal, a new celebrity focused title designed to compete with Emap’s fledgling Closer.The magazine, which is backed by a £16 million marketing spend and has been in development for under a year, is hailed by… Continue reading First Issue Review: Reveal

The board of ITV has today confirmed that it has completed the 25% acquisition of Scottish Media Group’s stake in breakfast television franchise, GMTV.Further to the earlier announcement on 10 May 2004, ITV has increased its stake in the highest rated UK breakfast time programme to 75%, with The Walt Disney Company owning the remaining… Continue reading ITV Completes Acquisition Of GMTV

Europe has nearly twice the number of television households as North America, but still drags behind its US cousin in terms of digital penetration, according to new research.By 2010 there will be nearly 238 million television households in Europe with just 53% subscribing to a cable or satellite service, compared to 126 million in North… Continue reading Free Terrestrial TV Hampering Digital Penetration

Jobs at WPP’s newly acquired American advertising group, Grey Global, will be cut by almost 7%, in a bid to reduce costs and boost profits.According to today’s Times, a number of jobs will be culled at Grey’s London office by WPP, the world’s second largest advertising agency, which acquired Grey last month for £845 million.The… Continue reading WPP Planning To Cut 7% Of Jobs At Grey