Cable & Wireless, the troubled UK telecoms firm, appears to have averted a crisis after agreeing a deal with the Inland Revenue that will settle a £1.5 billion tax dispute. According to a statement, C&W will pay £380 million to the Revenue to cover outstanding corporation tax liabilities for the ten years to March 31… Continue reading C&W Settles Tax Dispute With Revenue
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Capital Radio has said that it expects its radio revenues to decline by 3% in the three months to March 2003, following a 6% drop in the final quarter of last year (see Capital Radio Ad Revenue Falls 6% In Q4 2002). The group said in a trading statement this morning that the figures will… Continue reading Capital Sees Revenues Down 5% In First Half
Independent News & Media (INM) has this morning posted a positive set of financial results for 2002, with like for like pre-tax profits rising by 8% to Â129.0 million. The group, which publishes the Independent in the UK, said that overall newspaper revenues were up 0.7% in constant currencies, but down 3.2% in real terms… Continue reading INM Profits Rise 8%, Confident Outlook For 2003
Independent News & Media (INM) is selling its UK regional newspaper assets to Newsquest for £60 million, the group announced along with its financial results this morning. INM, publisher of the Independent national paper in the UK, has reached an agreement with Newsquest’s US parent, Gannett, to sell the 29 paid-for and 16 free weekly… Continue reading Independent News Sells UK Regional Papers To Newsquest
Influential Labour peer, Lord Puttnam, is believed to have warned the Government that he intends to lead a rebellion of peers opposed to the liberalisation of the cross-media ownership regulations. It is understood that in a speech during the second reading of the Communications Bill in the House of Lords, Puttnam said the Bill contained… Continue reading Puttnam To Lead Media Ownership Rebellion
Large, traditional advertisers are embracing the internet for their campaigns in a trend that could provide a significant boost for the online advertising sector. According to a new report from Nielsen//NetRatings, the top 100 US traditional advertisers accounted for over 30% of online ads by the end of 2002, as measured by ad impressions. This… Continue reading Traditional Advertisers Turn To The Web
Although limited in size, the mobile corporate enterprise market is set to be a major source of revenue for the US telecoms industry in years to come. So says a new report from the mobile marketing and intelligence provider Telephia. Corporate enterprise users are defined as subscribers who use mobile services at least 50% of… Continue reading Mobile Operators Put Faith In Corporate Enterprise Users
The number of digital television households worldwide is set to rise by almost 20% this year, according to the TV International Sourcebook 2003 from Informa Media Group. The research claims that there will be 96.7 million DTV homes by the end of 2003, an increase of 15.5 million year on year. Just over half of… Continue reading Digital TV Now Welcome In More Homes
The BBC looks set to take its dispute with BSkyB over a satellite broadcasting deal to the regulators after talks between the two broadcasting giants collapsed last week. BBC recently announced its intention to withdraw from the BSkyB service to begin broadcasting to Sky’s 6.6 million viewers from a different satellite, in a move that… Continue reading BBC And BSkyB Set To Take Digital Disagreement To ITC
Carlton Communications chairman, Michael Green, says that despite some signs of advertising improvement in the first quarter of the year, the group still expects the following months to be challenging. Addressing the company’s AGM this morning, Green said that ITV1’s ad revenues for the first half of the financial year are expected to be more… Continue reading Carlton Sees Challenging H1 For ITV Ad Revenues