Revenues generated from digital television electronic programme guides (EPGs), particularly as they develop into interactive programme guides (IPGs), could rise from the current $500 million to $1.7 billion worldwide by 2007, according to a report from In-Stat/MDR. “With on demand technology becoming important [see INSIGHTanalysis: Video On-Demand Remains On Hold], EPGs must be able to… Continue reading Digital TV To Drive Programme Guide Revenues
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Revenues from gaming via mobile devices are set to reach almost $7 billion by 2010, surpassing even broadband internet gaming, which will generate $4.1 billion by this time. This is according to new gaming forecasts from Informa Media Group, which show that three emerging sectors – broadband, mobile and interactive TV (iTV) – will contributed… Continue reading Revenues from gaming via mobile devices are set to reach almost $7 billion by 2010
Media giant, AOL Time Warner, today reported a 6% jump in revenues during its second quarter, boosted by strong performances from the film and cable divisions. The group’s revenues hit $10.8 billion for the quarter, whilst net profit jumped from last year’s $396 million to $1.1 billion this time. Chairman and CEO, Dick Parsons, described… Continue reading AOL TW Figures Improve, But Online Is Still Weak
The fate of Cordiant Communications has been all but sealed this afternoon, as shareholders voted overwhelmingly in favour of the proposed takeover of the group by WPP. At an extraordinary general meeting today, shareholders representing 99.2% of the company’s stock voted to proceed with WPP’s £266 million takeover bid (see WPP Closes In On Cordiant,… Continue reading WPP Triumphs In Cordiant Battle
After approving the takeover by WPP earlier today (see WPP Triumphs In Cordiant Battle), Cordiant Communications’ shareholders have also voted in favour of removing the company’s chief executive, finance director and chairman from its board of directors, according to a report from Reuters. Cordiant’s largest shareholder, Active Value, had called for the directors to be… Continue reading Directors Go In Cordiant Shareholder Vote
The Guardian Media Group (GMG), publisher of the Guardian and Observer newspapers, has posted strong financial results for the twelve months to March 2003, despite the difficult trading conditions that have typified the period. The group said that advertising revenues were up by 4.1% to £254.9 million, whilst circulation revenues rose by 6.2% to £81.7… Continue reading Guardian Media Group Posts Good Figures In Weak Markets
Sunrise Radio’s bid to acquire Mean Country 1035 AM has been given preliminary approval by the Radio Authority, following the passing of the Government’s Communications Act last week (see Parliament Finally Green Lights Communications Act). Sunrise, which operates radio stations for Asian listeners in London and across the UK, is planning to takeover Mean Radio… Continue reading Watchdog Shines On Sunrise Radio’s Mean Country Bid
Trinity Mirror is to close the Daily Mirror’s two Saturday magazines M and Look, as part of a wider cost cutting strategy being launched by the publisher. The company told staff yesterday that the flagship weekly magazine, M, and the listings title, Look, are to close with the loss of almost 30 jobs. The move… Continue reading Trinity Mirror Closes Saturday Magazines To Cut Costs
The US hi-tech publishing sector saw its advertising page volumes decline by 15.4% year on year during June, according to the latest figures from United Business Media (UBM). The group’s own CMP Media business saw volumes drop by just 4.7% during the month. In the calendar year to June, the technology publishing market saw volumes… Continue reading UBM Reports Continued Hi-Tech Ad Decline In June
Following a less than impressive second quarter, analysts have revised their outlook for US radio advertising and growth in this sector is predicted to be less than originally envisaged. Radio revenues were flat during May (see US Radio Revenue Flat In May, Q3 Growth Predicted) and Merrill Lynch is sticking to its Q2 growth forecast… Continue reading US Radio Update From Merrill Lynch