News Corporation yesterday reported a return to third quarter profits as a strong performance from the television unit overshadowed losses at the newspaper business. The media giant said that revenues were up 14% year on year to $4.4 billion as income rose in the the US TV and cinema sectors. Fox Broadcasting has enjoyed ratings… Continue reading Profits Boost For News Corp In Q3
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First quarter revenues at NASDAQ-listed UK cable operator, NTL, were more or less flat year on year, down from £556.1 million to £546.5 million. NTL’s business growth was essentially put on hold until January this year, when it emerged from a Chapter 11 bankruptcy procedure (see NTL Emerges From Bankruptcy) that alleviated its substantial debt.… Continue reading NTL Returns To Growth After Chapter 11
French advertising network, Publicis Groupe, has reported strong first quarter revenues and record new business wins and said it sees some encouraging signs in the development of the market. Consolidated group revenues were up by 57% year on year to Â905 million. This strong performance is due to the consolidation of the agencies of the… Continue reading Publicis Sees Encouraging Signs As Q1 Improves
Global market research firm, Taylor Nelson Sofres (TNS), has this morning confirmed that it plans to buy NFO Worldgroup for $425 million. The announcement comes after a preliminary statement from TNS last week, in which it confirmed that discussions with NFO’s owner, Interpublic Group, were underway (see Taylor Nelson Looks At NFO WorldGroup Acquisition). Based… Continue reading TNS Shares Jump On $425m NFO Worldgroup Acquisition
Omnicom and WPP are performing most strongly of the major global agencies, whilst Havas and Interpublic Group are weaker, according to the recent round of first quarter financial results. Data compiled by Lehman Brothers in the graph below show that Omnicom’s figures are considerably ahead for both organic growth and reported revenues, whilst Havas remains… Continue reading First Quarter Ad Agency Performance Comparisons
US radio advertising revenues fell by 2.0% year on year in March, reversing a stronger trend that had been established in January and February. National dollars rose by 4%, whilst local spend fell by 3%, according to the latest figures from the US Radio Advertising Bureau (RAB). The decline in local spending was attributed by… Continue reading US Radio Revenues Dip 2% In March After Strong Start To The Year
Almost one hundred million homes, equivalent to 10% of global TV households, will have access to digital television by the end of this year, according to a new report from Informa Media. The information provider says that by the close of 2003, the number of DTV households will have effectively tripled in the space of… Continue reading Digital TV Approaches 100 Million Homes
BSkyB added 150,000 subscribers to its digital satellite service in the third quarter of its financial year, beating the consensus expectations. Analysts had predicted that there would be between 137,000 (Merrill Lynch) and 153,000 (Morgan Stanley), with Lehman Brothers forecasting 145,000 (see Morgan Stanley Expects 153k New Sky Subs In Q3). The group now has… Continue reading BSkyB Adds 150k New Subs In Q3, Strong Financials
Bertelsmann, the Germany-based global media group, is selling its scientific publishing arm, BertelsmannSpringer, to UK venture capitalist groups, Cinven and Candover. The two groups will pay Â1.05 billion (£700 million) for the BertelsmannSpringer division, which comprises 70 different publishing companies. This deal will given the two private equity firms one of Europe’s largest publishers of… Continue reading UK Equity Groups Take BertelsmannSpringer For €1.1bn
The broadband market has defied the downturn in the rest of the telecoms and internet sector and ‘enjoyed striking growth’ across the globe in the last three years, according to The McKinsey Quarterly. This expansion is set to continue for the foreseeable future as consumers tap into the benefits of high-speed internet access. In its… Continue reading INSIGHTanalysis: Broadband To Be A Boon For Business