Profits at GWR Group increased by more than 11% in the year to March 31, according to financial results released this morning. Figures were in line with expectations (see GWR Sees Radio Revenues Down By 3.9% In Q4) and reflected the success of restructuring efforts over the past twelve months. The group’s total revenues were… Continue reading GWR Achieves Objectives In ‘Difficult’ Conditions
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GWR Group is selling its stake in Vibe Radio Services to Scottish Radio Holdings after having its acquisition of Chrysalis-owned Galaxy 101 blocked by the Competition Commission (see Watchdog Blocks GWR-Backed Acquisition Of Galaxy 101). The move puts an end to GWR’s immediate plans to strengthen its position in Wales and the West, in a… Continue reading GWR Sells Vibe Following Competition Rebuttal
The number of broadband internet homes in the UK has reached two million, with new connections running at 35,000 every week, according to new figures from Oftel. The telecoms regulator says that many of the new subscriptions come from customers upgrading their narrowband services to broadband. “It took two years to reach one million connections,… Continue reading UK Broadband Reaches Two Million Homes
Wireless connectivity is increasingly being seen as a desirable commodity and is now present in more than 2 million US homes, according to new research from Parks Associates. The home networking market has been one of the main beneficiaries of the growth of mobile connectivity (see Wireless Home Networks Win Consumer Backing) and wi-fi solutions… Continue reading Wireless Is Preferred Solution For Home Networkers
In the week that Carlton Communications chairman, Michael Green, described ITV as a dysfunctional company that cannot compete effectively with its competitors (see Carlton Results Push Shares Up As Profits Return), a new report from Datamonitor claims that digital TV (DTV) – and particularly free-to-air – is undermining the businesses of existing broadcasters and channels.… Continue reading DTV Undermines Traditional Broadcasters’ Business, Says Datamonitor
The increasing popularity of Freeserve has helped digital TV penetration to rise to 55% of AB adults aged between 25 and 54, according to the latest wave of VIPer research. The study, which explores the media consumption of the UK’s most influential and affluent socio-economic group, shows that the growth of digital TV has enabled… Continue reading VIPers Sink Fangs Into Digital TV
Carlton Communications has this morning unveiled first half financial results that beat market expectations, pushing shares in the group up by 7.2% to 119p by 10:00am this morning. Earnings before interest and tax were up from £11.3 million in H1 2002 to £32.0 million this time. The group moved into a pre-tax profit of £37.0… Continue reading Carlton Results Push Shares Up As Profits Return
The Radio Authority has urged the new super-regulator, Ofcom, to carry on its model of regulation when it assumes its full responsibilities at the end of the year. In its final Annual Report before being phased out by the new catch-all regulator, the current radio watchdog emphasised that its ability to oversee “fifty thousand programme… Continue reading Radio Authority Calls For Ofcom To Carry On Legacy
Hollinger chairman Lord Black faces a frosty reception from shareholders tomorrow as concerns mount over falling ad revenues and huge debts at the international media group. Operating revenues at the Telegraph Group, Hollinger’s UK newspaper division, totalled £84 million in the first quarter of 2003, down from £86.6 million in the same period last year.… Continue reading Telegraph Group Sees No Upturn In 2003
Over a third of US households will have at least one online game player by the end of 2003, according to a new study by Ipsos-Insight. The report, commissioned by the Interactive Digital Software Association (IDSA), estimates that the proportion of online gamers will reach 37% this year, up from 18% in 1999 and 31%… Continue reading Online Gaming Wins New Players