UK publishing group Highbury House Communications (HHC) has made a £32 million offer for Paragon Publishing, which produces magazines in the videogames, personal computing and internet and home entertainment sectors. Highbury says that the deal will create one of the UK’s leading special interest consumer publishers and the third largest publicly-quoted consumer magazine publishing group.… Continue reading Highbury House To Buy Paragon Publishing For £32m
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Advertising and marketing conditions in the second quarter are shaping up to be similar to Q1, with positive trends in the US whilst elsewhere remains mixed and quite weak, according to analysts at Merrill Lynch. Indications are of an upward momentum, with improved trading at the media companies likely to be followed by a similar… Continue reading Merrill Lynch Tweaks Advertising Forecasts
The online music sector will experience only limited growth in the near future, due to the lack of co-operation between broadband service providers (BSPs) and the recording industry, according to a new report. A survey by Jupiter Research has found that 43% of consumers are still not convinced of the need to pay for internet… Continue reading Music Industry Must Embrace The Net, Says Study
Current pricing plans for multimedia messaging services (MMS) could cannabilise revenues from the popular SMS text messaging sector, leaving mobile operators in the lurch in the short-term. This is according to analyst and consulting company Ovum, which says that if operators do not revise their pricing strategies they face a potential revenue ‘time bomb’. According… Continue reading Mobile Operators Could Cannabilise Their Own Revenues, Warns Ovum
The French advertising group Publicis has moved to refute speculation that it plans to make a takeover attempt for Cordiant Communications. The company has a long held interest in Cordiant’s 25% shareholding in ZenithOptimedia and made a bid for the parent group last month (see Cordiant Shareholder Rules Out Deal With WPP). However, it lost… Continue reading Publicis Denies Designs On Cordiant
Total US magazine advertising revenues rose by 8.5% in June, to close at $1.6 billion, according to new figures from the Publishers Information Bureau (PIB). However, the number of advertising pages fell by 3.2% year on year to 18,834 due to the uncertain economic environment. In the year to date, advertising revenue closed at $8.6… Continue reading US Magazine Revenue Grows But Volumes Down In June
BT has revealed an increase in the demand for high-speed internet access across the UK, which will help to speed-up its drive to bring broadband to 90% of homes and businesses. The telecoms giant is to introduce 56 new exchanges into its broadband upgrade programme and plans to launch 500 new broadband exchanges over the… Continue reading BT Reveals Increasing Demand For Broadband
Developments in the European digital TV market are sparking demand for receivers and a new report from Datamonitor claims that shipments of adaptors are set to increase eightfold over the next four years. According to the study, Beyond the STB: new device and service opportunities, the device market is set to explode as new products… Continue reading 100 Million DTV Devices In Europe By 2007, Says Report
Emap is on track to meet end of year targets, with healthy revenues flowing into the company, according to chairman Adam Broadbent. The cross-media corporation held its AGM today and there was general satisfaction at performance in the year to date. Broadbent said that Emap had been “performing reasonably well” given the state of the… Continue reading Emap In Line To Meet Full-Year Expectations
Future Network, the specialist consumer magazine publisher, has reported a 7% increase in turnover for the first five months of 2003 with growth occurring in both circulation and advertising. Since May’s AGM (see Future Lifted By Bright Start To Year), steady progress has been maintained with revenues from circulation up by 8% while advertising revenue… Continue reading Gaming Points Way Ahead For Future Network