Trinity Mirror is on track to achieve its objective of £25 million of annualised savings by 2005, following a spate of cutbacks throughout the company, according to analysts at Merrill Lynch. The broker asserts that Sly Bailey’s appointment as chief executive (see Bailey Leaves IPC To Replace Graf At Trinity Mirror) has stimulated activity at… Continue reading Trinity To Reap Rewards Of Cost-Cutting, Says Merrill Lynch

Radio station operator and production company, UBC Media, said that it has managed to boost commercial airtime revenues in June and July, after taking ‘remedial action’ earlier in the year. In June, UBC said that airtime sales for the first two months of its financial year were below expectations (see UBC Moves Into Profit In… Continue reading UBC Sees Radio Revenue Turnaround After Weak Start

Another survey of broadband internet users has found that whilst they want more compelling, premium content, very few are actually willing to pay for it. Strategy Analytics questioned 525 US broadband households on which kinds of services they would be interested in and whether they would be willing to subscribe to them. The response was… Continue reading Broadband Users Want Premium Content, Few Willing To Pay

Newspaper executives are to get an insight into how lucrative mobile services can be on a two-day study trip organised by the World Association of Newspapers (WAN). The trip to Oslo on 1 and 2 September will feature case studies of profitable news and information services from around the world, an explanation of how newspapers… Continue reading Press Bosses To See Benefits Of Mobile Services

Lower retail prices and the increase in digital content are set to boost demand for integrated digital televisions (iDTVs) and high-definition TVs (HDTVs), according to a new report from IMS Research. Consumer take-up of iDTVs, which are capable of receiving digital programming without a separate set-top box, has had a slow start, says IMS. High… Continue reading Demand For Integrated Digital TV Sets To Rise, Says IMS

Reed Elsevier today reported a 3% increase in pre-tax profits for the first half of 2003 and expressed confidence that full year revenue growth targets will be reached. The Anglo-Dutch publisher outperformed analysts’ expectations and the market as a whole partly as a result of a 4% rise in revenues at the science and medical… Continue reading Reed On Target As Profits Rise In H1

The emergence of the ‘multichannel consumer’ – an evolutionary descendant of the online consumer – is leaving media companies with the costs of providing integrated cross-channel content with virtually no associated upswing in revenues. Forrester Research has identified this new consumer profile after tracking the changing behaviour and demographic of the online consumer that was… Continue reading Multichannel Consumers Demand More Content But Offer Little Revenue

US magazine advertising revenues increased by 7.9% year on year in July, reaching $1.2 billion, according to the latest figures from the Publishers Information Bureau (PIB). Whilst revenues rose, the number of advertising pages was more or less flat during the month, down 0.2% at 14,696. In the year to date, ad revenues rose by… Continue reading US Magazine Ad Revenues Climb 8% In July

The number of mobile users worldwide will surpass two billion by 2007, although the growth rate between now and then will slow almost to a standstill, according to projections from InStat/MDR. This ‘catastrophic slowdown’ comes as penetration in western Europe approaches 83.6% in 2007 – a virtual saturation point in the market. As a result,… Continue reading Western European Mobile Market Will Hit Saturation By 2007

Guardian Media Group has agreed a deal to take full control of Trader Media Group, publisher of the car magazine AutoTrader. TMG which owns 70 publications in the UK and Ireland also has operations in Italy, Holland and South Africa. As the company is valued at £1.14 billion, GMG will pay almost £600 million for… Continue reading GMG Buys Up AutoTrader Publisher