The creditors of insolvent German media group KirchMedia have voted unanimously to accept a â‚Ź1.3 billion bid for the ProSieben broadcasting business from US media investor, Haim Saban (see Saban Back In For KirchMedia). The agreement comes just two months after another â‚Ź2.0 billion proposal collapsed (see Kirch TV Deal Hits The Rocks). Saban’s â‚Ź7.50… Continue reading KirchMedia Creditors Accept Saban’s €1.3bn ProSieben Offer
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The advertising recovery is taking longer than anticipated and analysts have been forced to revise their forecasts to reflect industry realities. Signs are that growth will be limited this year and hopes for a more significant recovery are pinned on 2004. The US continues to outpace the Eurozone but certain media sectors are performing better… Continue reading INSIGHTanalysis: Media Healthcheck – July 2003
Internet users with broadband connections accounted for almost a third of all consumer spending online in the US last year, despite representing less than a fifth of the online population. The findings, from Scarborough Research, are a further indication that broadband access is conducive to spending more time and money online. US broadband users –… Continue reading Broadband Users Account For A Third Of Online Spend
The conventional wisdom that the 18-49 year old demographic is the most attractive to mass-market advertisers has been challenged by a survey carried out by US market research group InsightExpress. In what InsightExpress claims is the largest media buying study in the history of television, advertisers chose 25-54 year old adults over the 18-49s as… Continue reading TV Buying Survey Finds 25-54s Are Key Advertiser Demographic
BSkyB’s monopoly over top-flight English football looks set to come to an end after the European Commission warned it will force the Premier League to auction off its football right packages individually. The EC insists it will not be pressured into letting BSkyB walk away with all three gold, silver and bronze packages of 138… Continue reading BSkyB Could Face Red Card Over Premiership Rights Bid
The tentative advertising recovery in the US is continuing, according to analysts at Merrill Lynch. However, growth is not strong and universal; rather, there are fits and starts between the different media, with share of adspend being moved around between them. The broker says that television and cable network advertising currently seems to be drawing… Continue reading US Ad Recovery Remains Tentative And Slow, Says Merrill Lynch
US business to business (B2B) print advertising declined again during May this year, with revenues down by 1.1% and ad pages down by 5.9% year on year. The latest figures from American Business Media (ABM) also show that in the year to May spending was up slightly by 0.7%, whilst pages have declined by 4.4%.… Continue reading US B2B Print Ad Revenues Dip 1.1% In May
Shipments of mobile handsets increased by almost a fifth in the second quarter of 2003, according to the latest figures from IDC. The firm’s Worldwide Handset QView shows that global shipments rose by 19.2% year on year to 118.3 million units. This represented an increase of 6.7% over the first quarter total (see Global Handset… Continue reading Growing Demand For Handsets In Second Quarter
Revenues at Vivendi Universal fell by 14% in the three months to June, raising doubts about the price tag put on the company’s US entertainment unit. Turnover was down to Â6.10 billion from Â7.08 billion in the the second quarter last year, with the decline blamed on asset disposals and the falling value of the… Continue reading Vivendi Reports Sharp Revenue Drop
After months of twists and turns the saga of WPP’s £266 million takeover of Cordiant Communications finally closed today, as the deal was formally completed this morning. The takeover was approved by shareholders earlier this month, although rebel stakeholder, Active Value, succeeded in removing Cordiant’s chief executive, chairman and finance director from the board (see… Continue reading WPP Completes Cordiant Acquisition