US business to consumer commerce spending will top $90 billion this year, due to some extent to the surging popularity of broadband, according to a new study from eMarketer. In its new report, North America E-Commerce: B2C & B2B, the research firm claims that spending on B2C products and services will increase by more than… Continue reading B2C Ecommerce Growth Maintained
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The Competition Commission has sent letters to Carlton and Granada indicating that they may have to sell their advertising sales houses if their proposed £2.6 billion merger is to go ahead. The letters, which are part of the Commission’s enquiry into the creation of a single ITV, contain a number of “hypothetical” remedies that could… Continue reading Carlton And Granada May Have To Sell Sales Houses
First quarter revenues at global outdoor advertising group JCDecaux declined by 1.6% to Â352.9 million, driven down by currency movements, according to the company. After adjusting for foreign exchange, organic revenues increased by 2.6%, it said. The company’s strongest sector was billboards, which saw a 3.8% rise in revenue to Â96.7 million. Markets in the… Continue reading JCDecaux Sees Challenging Ad Conditions As Q1 Revenues Dip 1.6%
The Competition Commission today outlined a number of potentially key sticking points in the proposed merger of Carlton Communications and Granada into a single ITV company (see Carlton And Granada May Have To Sell Sales Houses). In letters to the two companies, the regulator laid down a number of hypothetical remedies which may open the… Continue reading ITV Merger ‘May Not Go Ahead’ Finds Morgan Stanley
Omnicom Group, which owns the BBDO and TBWA advertising agencies, withstood uncertain advertising conditions to post a 12% increase in revenues for the first quarter of 2003. Net income remained flat at $128.6 million after severance costs related to layoffs in Omnicom’s European divisions were taken into account. However, this represented something of an achievement… Continue reading Omnicom Weathers The Storm In Q1
Vivendi Universal, the indebted media giant, has confirmed that it is to sell its US entertainment assets in a bid to achieve financial stability. The French-based corporation posted losses of Â23.3 billion in 2002 (see Vivendi Left Reeling By Staggering Losses), paying the penalty for the costly acquisition policy pursued by former chief executive, Jean… Continue reading Party Is Over For Vivendi
The number of UK households with internet access increased by 1.6 million to 11.4 million during 2002, according to a new report from the Office of National Statistics. The latest Expenditure and Food Survey found that the number of online homes remained constant at more than 11 million in the final three months of the… Continue reading Internet Usage Up 16% In 2002, Says ONS
Streaming media is set to show double-digit growth for both audio and video content through to 2005, according to new forecasts from AccuStream iMedia Research. Streaming media describes audio and video content which is transmitted via the internet in a ‘streaming’ or continuous fashion. The report says that video streams are on course to top… Continue reading Streaming Media Content To Show Double-Digit Growth
High Definition Television (HDTV) is now firmly established in the mindset of US consumers although questions remain over the extent to which viewers will be willing to pay for enhanced programming. This is the inference to be drawn from a new survey by Dove Consulting. The research found that 13% of US consumers now have… Continue reading HDTV Attracts Premium Viewers, Says Report
Cordiant Communications, the troubled UK advertising firm, said this morning that it has received “very preliminary approaches” from unidentified companies interested in buying it out. It emerged on Monday that Cordiant had lost the Allied Domecq account, one of the mainstays of its business (see Cordiant Shares Nose-Dive As Major Client Walks). The company’s share… Continue reading Potential Buyers Circle Crisis-Ridden Cordiant