United Business Media has today announced that operating profit was up nearly 52%, pushed on by a significant turnaround from its technology and health care division, CMP Media.In a statement released this morning, UBM said for the six months ending 30 June 2004 that most of its businesses performed strongly, driving pre-tax operating profit up… Continue reading United Business Media Sees Operating Profit Jump By 52%

Publicis Groupe, the owner of media buying giant ZenithOptimedia, announced today that revenues for the second quarter of 2004 rose by 4.5% as Europe, along with all other operating regions showing encouraging growth.Although steadily picking up, growth in the European market still lagged behind the rest of the world with growth of 2.2% taking revenues… Continue reading Publicis Revenues Up 4.5% With Encouraging Global Growth

Trinity Mirror said this morning that the ‘media storm’ surrounding the publication of fake photographs of Iraqis being abused by UK soldiers was the reason circulation at its flagship newspaper the Daily Mirror fell by 5.3% year-on-year.Sly Bailey, chief executive, said that despite the disappointing circulation performance during the period in May, there have been… Continue reading Strong Performance From Trinity Mirror Despite Mirror Fiasco

Havas, the French advertising group, has said it is interested in bidding for American rivals, Grey Global Group, starting with an offer of over $1 billion (£550 million).Chairman and chief executive officer of Havas, Alain de Pouzilhac, told French newspaper Le Figaro that he was interested in buying Grey and had secured financial backing.During the… Continue reading Havas Chairman Confirms Interest In Bidding For Grey

Outdoor advertising giant JCDecaux announced this morning that revenues for the first half of this year grew by 4.5% to €792.3 million, spurred on by the European advertising recovery in quarter two.For the six month period ending 30 June 2004, the street furniture division performed strongly, growing by 5.5% year-on-year to over €430 million. The… Continue reading European Advertising Recovery Spurs JCDecaux Revenue

Venture capital groups are limbering up to bid for the BBC’s commercial operations if the sale is given the green light by the Corporation’s chief executive, Mark Thompson.According to reports over the weekend, Rupert Gavin, who quit this month as chief executive of BBC Worldwide and Roger Flynn former chief executive of BBC Ventures, are… Continue reading Buyers Prepare To Snap Up BBC Commercial Arms

By 2010 there will be nearly 40 million digital radio receivers in Europe, growing rapidly at a compound annual growth rate (CAGR) of 86.1%, according to a new report by marketing consultancy Eureca Research.The European Digital Radio – On A Roll Or Another False Dawn report predicts that the UK will account for 44.2% of… Continue reading Digital Radio Set For Boom In Europe

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

A new report from the World Association Of Newspapers (WAN) says that the migration of classified advertising from print to the internet is much slower than many predicted, but it is relentless nonetheless.As part of WAN’s ‘Shaping the Future of the Newspaper’ project, the New Classified Models report was released and revealed that only the… Continue reading Migration Of Print Ads To Internet Slower Than Expected

After difficult trading conditions in 2003, consumer magazine publisher Highbury House Communications today announced that it expects pre-tax profits for the first six months of 2004 to be up 27% year-on-year, spurred on by expected improvements in advertising revenue.Although a marked improvement on last year, which saw profits dive by £25.7 million, the group said… Continue reading Highbury House Profits Expected To Rise By 27%