Reed Elsevier today reported a 3% increase in pre-tax profits for the first half of 2003 and expressed confidence that full year revenue growth targets will be reached. The Anglo-Dutch publisher outperformed analysts’ expectations and the market as a whole partly as a result of a 4% rise in revenues at the science and medical… Continue reading Reed On Target As Profits Rise In H1
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The emergence of the ‘multichannel consumer’ – an evolutionary descendant of the online consumer – is leaving media companies with the costs of providing integrated cross-channel content with virtually no associated upswing in revenues. Forrester Research has identified this new consumer profile after tracking the changing behaviour and demographic of the online consumer that was… Continue reading Multichannel Consumers Demand More Content But Offer Little Revenue
US magazine advertising revenues increased by 7.9% year on year in July, reaching $1.2 billion, according to the latest figures from the Publishers Information Bureau (PIB). Whilst revenues rose, the number of advertising pages was more or less flat during the month, down 0.2% at 14,696. In the year to date, ad revenues rose by… Continue reading US Magazine Ad Revenues Climb 8% In July
The number of mobile users worldwide will surpass two billion by 2007, although the growth rate between now and then will slow almost to a standstill, according to projections from InStat/MDR. This ‘catastrophic slowdown’ comes as penetration in western Europe approaches 83.6% in 2007 – a virtual saturation point in the market. As a result,… Continue reading Western European Mobile Market Will Hit Saturation By 2007
Guardian Media Group has agreed a deal to take full control of Trader Media Group, publisher of the car magazine AutoTrader. TMG which owns 70 publications in the UK and Ireland also has operations in Italy, Holland and South Africa. As the company is valued at £1.14 billion, GMG will pay almost £600 million for… Continue reading GMG Buys Up AutoTrader Publisher
The sale of ITV’s two airtime sales houses is the most likely outcome of the Competition Commission’s ‘remedies’ for the merger of Carlton Communications and Granada, according to analysts at Morgan Stanley. The Commission has already presented a number of possible restrictions which would allay its concerns over a single ITV’s share of the television… Continue reading Divestment Of Sales Houses Will Cost ITV, Say Analysts
Vodafone and BSkyB have joined Hutchison Whampoa in bidding for the rights to show Premiership football highlights on mobile phones from next year, according to reports this week. Hutchison secured the mobile rights for £35 million back in June 2001 and is keen to retain the contract in order to popularise its third generation service… Continue reading Three-Way Battle For Mobile Football Rights
The US hot-spot service market will be worth in excess of $800 million by 2007, according to a study by research firm Parks Associates. The findings are based on consumer surveys and interviews with service providers conducted for Public Hot Spots: Moving beyond Road Warriors, a recent report on the state of the Wi-Fi market… Continue reading Hot-Spot Service Revenues To Grow As Market Demand Increases
ITV advertising is expected to fall by 5.0% in September and by 3.2% in the full year, according to forecasts from Morgan Stanley. Other reports predict that the total TV market will return to a slight positive growth of 0.7% in September. Commentators are talking of a continued cautiousness in the advertising market partly as… Continue reading ITV Revenues To Fall 3.2% In 2003, Says Morgan Stanley
Online travel travel company, lastminute.com, today said that it is still on track to make its first profit by the end of this year, in what is a symbolic milestone for one of the pioneers of internet commerce. The group’s Q3 2003 financial results show profits before exceptional items and tax of £1.6 million, up… Continue reading Lastminute.com Moves Toward First Profits