UK cable operator NTL is to proceed with a $1 billion rights issue as it seeks to reduce its debt burden and generate new business in the UK. The Sunday Times reports that the company has received the backing of two major shareholders, WR Huff Asset Management and Franklin Mutual Advisors, and hopes to save… Continue reading Rights Issue Underway At NTL

Scottish Radio Holdings (SRH) has said that like-for-like group revenues are estimated to have increased by 5% in the past year and the company anticipates further growth in coming periods. In a trading statement today, SRH claimed that radio revenues for the twelve months to September 30 are expected to be 6% higher than last… Continue reading SRH Buoyed By Strong Revenue Growth

Senior ITV executive, Mick Desmond, has reportedly warned that the television network could face an annual loss of £100 million in advertising revenue if the Government forces the sale of both of its sales houses. Desmond, joint managing director of ITV, reportedly said that the divestment of Carlton and Granada’s sales houses to be run… Continue reading ITV Boss Warns Divestment Could Lead To £100m Ad Loss

US online ad spending will increase by 14.5% to almost $7 billion this year, higher than previously anticipated, according to Geoffrey Ramsey, CEO of new media research and analysis firm eMarketer. Speaking at MediaPost’s annual Forecast 2004 conference in New York last week, Ramsey told delegates that total US online adspend would easily surpass last… Continue reading Online Advertising Back In Fashion, Says Research Head

Talk of a business press revival has cooled after it was revealed that US B2B advertising pages fell by almost 10% in July. The latest data from American Business Media (ABM) shows that ad spending was 7.9% lower in July 2003 than in the same month last year. Pages declined by 9.7% with all twelve… Continue reading US B2B Advertising Slows In July

The market for multi-channel television has experienced unprecedented growth so far this year and now extends to more than 10 million homes in the UK, according to a new study from Continental Research. The Autumn 2003 Digital TV Report reveals that the successful launch of Freeview and growth of the Sky digital subscriber base has… Continue reading Digital TV Now Reaches More Than 10 Million UK Homes

There has been a sharp recovery in radio airtime sales at UBC Media Group, leading the company to upgrade its outlook for the remainder of the year, it said this morning. At the time of UBC’s AGM in August, the company said that airtime sales at the commercial division had been performing below target, in… Continue reading UBC Sees Sharp Recovery In Radio Airtime Sales

Newcastle-based independent radio group, Forever Broadcasting, has sold its Juice Liverpool radio station to Absolute Radio UK for £3.1 million. Forever will realise £1.4 million from the disposal and this will be used to reduce the group’s debt. Juice Liverpool made an operating loss of £0.76 million in the year ending 30 September 2002 and… Continue reading Forever Broadcasting Sells Juice Liverpool For £3.1m

Global cinema admissions will fall by 3.8% in 2003 to 8.46 billion, according to a new report from Informa Media Group. This follows a strong year in 2002, after declines in 1998, 1999 and 2000. At the same time, overall global box office receipts will fall by 2.6% to $20.1 billion in 2003. This is… Continue reading Global Cinema Admissions To Fall 3.8% In 2003

Some of the biggest-spending advertising brands are starting to move their expenditure to online advertising, driving the overall growth of the medium, according a new report from Nielsen//NetRatings. For example, Nielsen’s US-based survey has found that the business and consumer services category – which includes some of the largest advertisers such as financial services and… Continue reading Heavyweight Advertisers Turn To Online, Finds Nielsen