UK magazine group, Highbury House, has this morning confirmed the acquisition of Front publisher, Cabal Communications, for up to £10 million (see Highbury House To Buy Cabal Comms, As Profits Rise 9%). As announced earlier this week, at the time of Highbury’s financial results, the group will pay £8.0 million upfront in cash and shares,… Continue reading Highbury House Confirms Cabal Acquisition
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BSkyB has signed a new, five year, £600 million credit facility which is being used to cancel its existing £750 million facility, the group said today. The satellite broadcaster says that total available facilities are now valued at £800 million. This will reduce to £600 million from June 2004, in line with the anticipated reduced… Continue reading BSkyB Signs New
Initiative Media‘s global, country by country advertising forecasts for 2003 are shown here in full for reference. Reports on the UK figures can be found UK Advertising Forecasts From Initiative Media; global figures are Global Advertising To Grow 4.5% In 2003, Says Initiative and the US figures are US Adspend To Rise 3.5% In 2003,… Continue reading Global Country By Country 2003 Ad Forecasts From Initiative Media
Worldwide B2B e-commerce revenues will top $1.4 trillion by the end of this year, according to E-Commerce Trade and B2B Exchanges, a new study from eMarketer. The report claims that many B2B exchanges increased recurring revenues last year and will see further growth in 2003. “Industry leaders from the technology industry have led the way… Continue reading B2B E-Commerce To Be A Trillion Dollar Industry In 2003
Online console gaming subscriptions will be worth $650 million in the US by 2007, according to a new report from In-Stat/MDR. The group says that there is some ‘real money’ to be made in the online gaming industry and that broadband service providers particularly would do well to act soon to make the most of… Continue reading US Online Gaming Subs To Reach $650m In 2007
In a widely anticipated move, Barry Diller has resigned as co-chief executive of Vivendi Universal Entertainment and will turn his full attention to the USA Interactive business. This development has raised speculation that Vivendi is planning to sell off its entertainment unit which includes film studios, theme parks and cable networks (see Bidders Move On… Continue reading Diller Quits Post At VUE
Rupert Murdoch’s News Corporation has announced plans to issue a bond exchangeable for shares in its UK satellite broadcaster BSkyB. The company maintained that the $1.35 billion issue was necessary for “general corporate purposes” but the move has rekindled speculation that Murdoch is raising funds in preparation for a bid for US satellite company DirecTV.… Continue reading News Corp To Raise $1.35 Billion By Remortgaging Sky Stake
US advertising expenditure will rise by 3.5% to $102.6 billion in 2003, according to forecasts from Initiative Media. According to the global media agency’s Spheres Of Influence report – which draws on Initiative’s 40 worldwide offices – US radio will show the strongest growth this year, at 4.0%; television will follow at 3.9%. The cautional… Continue reading US Adspend To Rise 3.5% In 2003, Says Initiative Media
One in five Europeans banks online, and that number will double to 130 million in 2007, according to a new report from Forrester Research. The study suggests that some 60 million European surfers make use of internet banking services with Scandanavian and Dutch internet users most likely to pursue this activity. This backs up the… Continue reading Online Banking Gaining In Popularity
Consumer uptake of broadband internet services exploded during 2002, clearing the way for a four-fold increase in connections throughout Europe by 2006, according to two new research studies. The latest Internet Connectivity report from the Office Of National Statistics shows that the number of high-speed internet connections grew by a staggering 256% during 2002, to… Continue reading Bumper 2002 Boosts Broadband Uptake