UK magazine publisher, Highbury House Communications, says that trading in the first quarter of the year has been encouraging, with profits ahead of last year. The group says that the consumer portfolio is performing well, although difficult conditions remain in the business publishing market. However, a few business sectors have shown some improvement. Trading figures… Continue reading Highbury House Sees Encouraging Trading, Despite Iraq Glitch
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Deals that see advertisers agreeing to commit a proportion of their budget to ITV in return for air-time discounts, could be banned by the Competition Commission if the proposed merger of Carlton and Granada is allowed to go ahead. The ban is one of a number of suggestions being put forward by the Commission, which… Continue reading Competition Commission May Ban ITV Share Deals
US advertising spend rose by 1.5% year on year in the first quarter, according to preliminary figures from Nielsen Monitor-Plus, the advertising information service of Nielsen Media Research. Hispanic television showed the greatest gain, at 15%, while national magazines grew 14%, and local newspapers rose almost 9%. US Advertising Growth, Q1 2003 … Continue reading US Advertising Grows 1.5% In First Quarter
The UK business-to-business (B2B) press market has now seen the worst of the downturn, according to industry commentators who are forecasting that trading conditions are on the road to improvement. The PPA‘s B2B Strategic Conference was told that there will be steady growth in the sector over the next twelve months. Speaking at the conference,… Continue reading UK Business Press Set To Emerge From The Doldrums
Commercial radio has seen advertising expenditure rise to record levels, with £138.9 million being spent on the medium in the first three months of this year, according to the latest data from the Radio Advertising Bureau (RAB). The figures represent a 2.3% increase on the same period the previous year and take first quarter adspend… Continue reading Commercial Radio Sees Highest Ever First Quarter Adspend
There are a total of 24 million digital pay TV subscribers in Western Europe and this number is set to double over the next five years, according to a new report from IDC. The study, Digital Television Services in Western Europe: Forecast and Analysis, 2002-2007 examines the progress of the DTV market in the 16… Continue reading Digital TV Is Having A ‘Deep-Seated’ Effect, Says Report
The widely anticipated consolidation of the commercial radio industry suffered a set-back this morning, with confirmation that the Competition Commission has blocked GWR’s bid to buy Chrysalis Radio’s Galaxy 101 and merge it with Vibe FM. GWR, which jointly owns Vibe Radio Services with Scottish Radio Holdings, announced its intention to buy the Bristol-based dance… Continue reading Watchdog Blocks GWR-Backed Acquisition Of Galaxy 101
Regional newspaper publisher Johnston Press continues to perform competently and is on target to achieve year-end targets, according to analysts at Merrill Lynch. The ‘modest’ growth seen in the first quarter (see Johnston Press Remains ‘Acquisitive’ As Profits Rise) has been maintained throughout April and May. Advertising revenue is up 2% in 2003, in line… Continue reading Advertising Upturn Helps Johnston To Prosper
Online retailer Lastminute.com yesterday reported its second successive quarterly loss as the war in Iraq and the SARS virus impacted on the travel industry. Although higher than envisaged, the deficit of £4.2 million (before goodwill, exceptional items and taxation) represented an improvement on the same period last year when losses totalled £5.3 million. Total transaction… Continue reading Losses Fail To Dent Confidence At Lastminute
Misfortune continues to stalk the corridors at Vivendi Universal, which yesterday reported a fall in sales for the first quarter of 2003. The once mighty media group recorded the biggest annual loss in French corporate history last year (see Vivendi Left Reeling By Staggering Losses) and has been forced to sell assets in order to… Continue reading Vivendi Sees Revenues Slide In Q1