Guardian Media Group (GMG) is looking at the possibility of making a bid for Capital Radio, as part of plans to expand its radio interests. The move follows the breakdown of the group’s negotiations to buy out its joint venture associate, BC Partners, in the Autotrader publishing business. GMG, which publishes the Guardian and Observer,… Continue reading Guardian Media Sounds Out Capital Radio Bid
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Merrill Lynch analysts have slightly downgraded their 2003 US and global advertising growth forecasts, but say that the cuts are much less severe than expected given the “gyrations” experienced so far this year. Viewed in this way, Merrill says that the adjustments are a good thing. US growth, excluding direct marketing, is now expected to… Continue reading Latest US And Global Ad Forecasts From Merrill Lynch
Europe will overtake the US in the penetration of broadband internet in online homes by 2007, according to new forecasts from Jupiter Research. The group says that 48% of net-connected households in Europe will have broadband by this time, compared to 46% in the US. Jupiter says that there will be sustained growth for both… Continue reading European Broadband Penetration To Pass US In 2007
Recent figures from the Internet Advertising Bureau (IAB) and Price Waterhouse Coopers show that online adspend for 2002 reached £197 million, which equates to a 1.4% share of the total UK advertising market. The data suggests that the online industry is well on track to reach its target of almost 2% market share by 2004.… Continue reading INSIGHTanalysis: Web Advertising Pushes The Right Buttons
Radio airtime revenues at Scottish Radio Holdings (SRH) rose by 5.3% in its first half, not including new acquisitions; this is in line with predictions made in the group’s March trading statement (see Scottish Radio Sees First Half Broadcast Revenues Up 5%). Including the effect of acquisitions during the period, advertising revenues were up by… Continue reading SRH Sees Radio Revenues Up 5% In First Half
The US TV airtime upfront buying season has given a shot in the arm to the advertising industry by hitting record levels. Reports claim that the final tally could exceed $9 billion in committed spend. Last year, the upfront season fetched $8.1 billion – also a record figure. During upfront trading advertisers pre-book airtime slots… Continue reading US Upfronts Hit Record $9bn-Plus Autumn Sales
Digital Download Day 2, an event designed to publicise legal internet music downloads in the UK, can only be considered a partial success, according to figures released by Nielsen//NetRatings. The event, which took place on 18 April, was organised by OD2 and succeeded in attracting 523,000 visitors to the company’s website during the whole month.… Continue reading Uncertain Future For Digital Music Market
US online advertising revenue increased by more than 40% in the first three months of 2003, according to a poll carried out by the Online Publishers Association (OPA). The survey of 24 OPA members showed that, among these companies, ad revenue in the first quarter grew an average of 40.7% over Q1 2002. Moreover, total… Continue reading Online Advertising Revival Underway, Says Report
It has been another sobering week for mobile phone operators in the UK with analysts questioning the future of the UK’s first commercial third generation phone service and one of Europe’s leading players writing down the value of its 3G investments. In the heady days of 2000, the British government succeeded in raising £22.5 billion… Continue reading 3G Burden Getting Heavier
A new, but wholly familiar, figure has emerged as a bidder for the American entertainment assets of Vivendi Universal. Edgar Bronfman Junior, currently vice-chairman at Vivendi, has informed the board that he is convening a group of investors with a view to procuring the US-wing of the enterprise. The music company, film studios, theme parks… Continue reading Bronfman Joins Race For Vivendi’s Universal Assets