According to press reports, AOL Time Warner has sold its 8.4% stake in Hughes Electronics, the parent company of DirecTV. The Wall Street Journal claims that a $800 million deal has been brokered with the Bank of America which is expected to sell the shares on the open market. Hughes is a subsidiary of the… Continue reading AOL Sells Hughes Stake For $800 Million
ARCHIVE ▸ The Media Leader Staff
A slow but steady improvement in sales continued throughout 2002 for outdoor contractor, Maiden Group, although turnover is not likely to achieve the levels anticipated at the release of the group’s financial results in September (see Maiden Pushed Into Red By Tough First Half). The recovery slowed significantly towards the end of 2002, with a… Continue reading Maiden Sees Good Start To 2003, But Demand Is Inconsistent
Research from NOP World shows that the UK’s internet retail sector hit new heights in the pre-Christmas period with 8.4 million adults choosing to shop online. This is equivalent to 43% of all regular web users in the country. The number of internet shoppers has been increasing steadily for the last few years but shot… Continue reading Online Shopping Attracts More Than 8 Million Britons
The take-up of broadband internet services in Europe is continuing apace, with a record 6.3 million customers signing up to services for the first time in 2002, according to a new report from Strategy Analytics (SA). The figures show a 55% increase in the number of users over 2001, with penetration now reaching 7.5% of… Continue reading European Broadband Subs Grow 55% In 2002, Finds Strategy Analytics
The contract publishing industry continues to boom with turnover expected to reach an estimated £313 million in 2002, according to the latest report from market research company, Mintel. The research shows that the industry is performing solidly in the current economic climate, with turnover increasing by 90% over the last five years. Commenting on the… Continue reading Contract Publishing Industry Continues To Boom
After much anticipation, third generation (3G) mobile phones are about to appear on the market. The networks are built, most of the technical problems have been resolved and handsets are in production. The new technology promises to revolutionise the way we use our mobiles, delivering live video calls, digital mapping and advanced location-based services. It… Continue reading INSIGHTanalysis: Advertisers Gear Up For 3G
A merger of the cable firms Telewest and NTL will not take place for at least another year, according to a report in today’s Guardian. The newspaper claims that bondholders want both management teams to achieve operational targets before they provide more funds and support amalgamation. This will come as a surprise to many industry… Continue reading UK Cable Merger Put On Hold
The media sector has continued to feel the brunt of the plummeting stock market this week, with all but seven of the media companies listed in MediaTelINSIGHT Sharewatch showing falling prices yesterday. UK stocks have been falling for well over a week now as market uncertainties – particularly the spectre of war – cause company… Continue reading Continuing Share Falls Slash Media Company Values
As expected, Deutsche Telekom (DT) looks set to sell its cable assets to a consortium of financial investors for between â‚Ź1.7 billion and â‚Ź2.0 billion. The price range falls slightly short of the â‚Ź2.2 billion that DT had hoped to secure for the six regional cable franchises. The Financial Times today says that the deal… Continue reading Deutsche Telekom To Net
comScore Networks calculates that US online retail sales totalled $13.3 billion in the last quarter of 2002, a year on year increase of 23%. The figures, reported on eMarketer, do not include travel sales but tally with a survey taken just after Christmas which estimated holiday spending at more than $13.7 billion (see ECommerce Market… Continue reading Holiday Online Sales In Line With Expectations