Worldwide sales of wireless LAN equipment totalled $1.68 billion during 2002, according to a new study from Infonetics Research. The company admitted that the hardware sector has not grown as quickly as anticipated but is confident that new innovations will stimulate the market. It is estimated that consumers make up 50% of wireless LAN equipment… Continue reading Overdue Growth For WLAN Hardware Market

The US media corporation Clear Channel yesterday announced a return to profit with each of its major businesses reporting growth in the final three months of 2002. Revenues in the fourth quarter were up by 19% year on year to $2.21 billion with earnings before interest, tax, depreciation and amortisation (EBITDA) rising from $345 million… Continue reading Clear Channel Back In The Black In Q4

Omnicom, the world’s third largest advertising group, has challenged the gloomy picture being painted by many industry observers and announced a 9% rise in profits for the fourth quarter of 2002. The company said that twelve month earnings were up by 9.8% to $643 million, thanks in part to a strong performance in the US… Continue reading Omnicom Upbeat Following Positive Results

Carlton Screen Advertising, the UK’s leading cinema advertising contractor, has announced plans to introduce digital equipment to many of its screens. Cinema owners have seized on digital projection as a means of transmitting alternative content to film and experiments have already taken place to ascertain the viability of presenting live pop concerts, football matches and… Continue reading Digital Technology Opens Up New Era For Cinema

Analysts at Merrill Lynch have slightly downgraded their global advertising forecasts for 2003 from 3.0% to 2.7%, due to tougher than expected comparisons with 2002, a deterioration of the European economy and a tentative start to this year. Europe is traditionally slower into and out of a downturn than the US and this is being… Continue reading Merrill Lynch Lowers Global Advertising Forecast

The Western European ecommerce industry was worth â‚Ź309 billion in 2002, according to the new annual trends and forecasts report from the European Information Technology Observatory (EITO). Germany took the largest share of the market at 28%, whilst the UK contributed 19% of the region’s ecommerce spend, leading France’s 13%. Currently business to business (B2B)… Continue reading Western European Ecommerce Worth €309bn, Says EITO Report

A group of university academics has urged the Government to rethink proposals in the forthcoming Communications Bill that will allow Rupert Murdoch’s News Corporation to buy terrestrial television station Five. Writing in a letter to the Financial Times, academics from London Business School, Goldsmiths College, the University of Westminster and the London School of Economics,… Continue reading Academics Call For Five Protection In Comms Bill

Contrary to general opinion, the advertising market is thriving and the US economy is in better shape than many observers realise. This is according to the latest analysis from Jack Myers Report. Myers asserts that advertising has traditionally lagged behind the economy by six to nine months. He uses the example of 2002 when advertising… Continue reading US Ad Economy In Good Health, Insists Myers

UK internet subscriptions increased by 7.4% during 2002, according to figures from the Office of National Statistics (ONS). The latest monthly update to the survey of ISPs shows that total subscriptions were actually down 1.1% in December when compared to the previous month (see Broadband Stimulates UK Internet Market). This was due to a 2%… Continue reading Broadband Boost To UK Connectivity

One in ten US households now has a home networking system, up from 8% in 2001, according to a new report from high-tech market research company, In-Stat/MDR. The group says that home networking – the connection of multiple entertainment, internet, voice and data devices through a single network – is now moving away from the… Continue reading One In Ten US Households Has Home Networking, Finds In-Stat