Friede Springer, the largest shareholder in the German publisher Axel Springer Verlag has consolidated her hold on the company by acquiring a 10.4% stake from Deutsche Bank. The bank yesterday took control of the 40% stake in Axel Springer previously owned by the indebted Kirch Media Group (see Deutsche Bank Temporarily Takes 40% Axel Springer… Continue reading Deutsche Bank Sells On 10% Stake In Axel Springer
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The media industry can expect to see no let up in the advertising downturn with the situation likely to get worse before it gets better. That is the disheartening conclusion to be drawn from research by WestLB Panmure as reported by The Guardian. The investment bank cited the prospect of conflict in the Middle East… Continue reading New Forecast Warns Of Continuing Ad Slump
European broadband users are twice as likely to use illegal file-sharing services than dial-up users, according to a new report from Jupiter Media. The study found that 39% of broadband users across Europe use their high speed connection for swapping files, compared to only 18% of narrowband users. This is not surprising given the time… Continue reading Broadband Driving Up Online Music Downloads
Although there are only a small number of products on the market, advanced set-top boxes have the potential to significantly enhance our viewing and online experiences. A new report from Strategy Analytics claims that sales of these boxes, known as “thick clients” will reach 33.5 million by 2008. The report, entitled Set-Top Box Evolution: From… Continue reading Advanced Set-Top Boxes To Inspire Satellite Sector
Liberty Media is thought to be out of the running to acquire the cable assets of Deutsche Telekom for the second time, according to a report in the Financial Times. The paper quotes insiders as saying that Liberty’s consortium has failed to make it to the latest round of the auction. Liberty had put together… Continue reading Liberty Out Of Deutsche Telekom Cable Auction, Says FT
Deutsche Bank has acquired a 40% stake in Axel Springer Verlag, Europe’s largest newspaper publisher, for E667.3 million. The stake was owned by Leo Kirch, the fallen head of the KirchGruppe media empire. The Springer shares were collateral for a loan which Deutsche Bank had extended to the Kirch group. The collateral was offered for… Continue reading Deutsche Bank Temporarily Takes 40% Axel Springer Stake
There will be 75 million online banking customers in Europe by the end of 2005, up from 23 million in 2000 and 49 million this year. This is according to a new report from Datamonitor, as quoted by eMarketer. The European eBanking Market Update report shows that the UK, Germany and the Nordic region currently… Continue reading European E-Banking To Reach 75m By 2005, Says Datamonitor
At a time when UK high street sales are sluggish, the internet is becoming an increasingly important marketplace and one of its major advantages would appear to be its flexibility. One third of all online sales are made between 6pm and 9am, according to new research from Barclaycard. “People with busy lives often don’t have… Continue reading Internet Luring Off Peak Shoppers, Says Report
Jack Myers has launched an uncompromising attack on Forrester Research following a series of what he sees as ‘almost perversely bullish’ forecasts for the US interactive television industry. Releasing Myers Report‘s own figures yesterday, Jack Myers berated Forrester’s principal television analyst and forecaster, Josh Bernoff, for his ‘incomprehensibly’ optimistic figures. As an example, Forrester has… Continue reading Myers Attacks ‘Incomprehensible’ Forrester iTV Forecasts
Online sales in the UK increased by more than 42% in 2001, according to an ecommerce survey of businesses carried out by the Office for National Statistics (ONS). The results show that, excluding the financial sector, £18.4 billion of sales were made over the internet last year. That is equivalent to 1% of total sales… Continue reading UK Online Sales Worth £18 Billion In 2001