Commercial radio groups have warmly welcomed the Government’s decision to allow greater consolidation within the industry through the further liberalisation of the radio ownership regulations. The move to allow a minimum of two radio operators (in addition to the BBC) to operate in a specific local area was announced yesterday by culture secretary, Tessa Jowell.… Continue reading UK Radio Industry Given Further Deregulation
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US media giant, Viacom, is expecting to surpass its earnings estimates for 2003, thanks to a recovery in advertising levels, according to a report on Brand Republic today. The article quotes Viacom’s chief executive, Sumner Redstone, as saying that the current indications bode well for advertising in 2003 and that he believes the market has… Continue reading Viacom Chief Sees Advertising Recovery In 2003
A new survey has revealed that 93% of US internet users have made a purchase online although privacy and security concerns mean that less than 40% are regular web shoppers. The study by market researchers at Ipsos-Reid showed that attitudes to e-commerce are changing with 64% of respondents claiming that they are now more likely… Continue reading Most Net Users Have Shopped Online, Says Survey
Broadband internet connections have reach a 28% penetration of online households in the US, according to a new report from Dataquest, a division of Gartner. This compares with just 12% in the UK (see Insight Analysis: Broadband Britain – A Progress Report). The Dataquest report covered a 28-month survey period, during which the rate of… Continue reading US Broadband Hits 28% Penetration, DSL Makes Inroad On Cable
Strategy Analytics estimates that 10 million embedded-camera phones were sold worldwide in the first nine months of 2002. Almost half of these sales occurred in the third quarter, as demand escalated in Japan. Neil Mawston, Senior Analyst with the Global Wireless Practice, commented: “Strategy Analytics expects 16 million camera phones to be sold worldwide in… Continue reading Far East Driving Camera Phone Sales, Says Strategy Analytics
Radio advertising levels at Capital Radio are shaping up to be poorer than expected in November, according to an outlook in the group’s results for the year to 30 September 2002. Capital says that October and November are expected to show an 8% decline in advertising levels and whilst October was already known to be… Continue reading Capital Radio Shares Plummet As Profits And Revenues Dip
Trading has deteriorated rather than improved in the second half, contrary to previous expectations, according to advertising and public relations company, Chime Communications. In a trading statement issued this afternoon, Chime said that the second half has has proven to be worse than the first and the full year outcome is now predicted to be… Continue reading Chime Shares Fall 75% As Tough Conditions Cause Banking Breach
The US Federal Communications Commission (FCC) has approved the merger of AT&T Broadband and Comcast Cable Communications, a merger which would create the largest cable television company in the United States. The approval is contingent on the newly-created company disposing of its share in Time Warner Entertainment within five and a half years of the… Continue reading FCC Approves AT&T/Comcast Merger
The merger of Carlton and Granada to form a single ITV would not be detrimental to advertisers, according to the UK’s largest media buying agency Carat. Regulators are expected to scrutinise the proposed £2.6 billion merger (see Carlton/Granada Move Closer To £2.6bn Single ITV Company), following concerns that a combined Carlton and Granada – controlling… Continue reading Carlton And Granada Merger Gets Agency Backing
Outdoor advertising revenue increased by 5.1% year on year during the third quarter of 2002, according to the latest figures from the Outdoor Advertising Association (OAA). The OAA’s chief executive Alan James describes the figures as ‘steady, rather than rocketing’ and does not anticipate a stronger upswing for at least another twelve months. Growth was… Continue reading UK Outdoor Revenue Grows 5.1% In Q3