One in five Americans consider the internet to be the “most essential” medium in their lives and it is now appreciated as much as television, according to a report from Arbitron and Edison Media Research. Survey results published in “Internet 9: The Media and Entertainment World of Online Consumers”, showed that 34% of respondents believed… Continue reading Web Rivals Television In The Popularity Stakes
ARCHIVE ▸ The Media Leader Staff
The worldwide internet population will increase from its current level of 565 million to 725 million by the end of 2004, according to a forecast from eMarketer. The report also asserted that the Asia-Pacific region is set to surpass Europe and North America in terms of number of web users. Nua recently stated that Europe… Continue reading Internet Population To Rise By 28% In Next Two Years
Consumer online purchases in the US are predicted to increase by 27% in the course of the 2002 holiday season, according to a new forecast from Forrester Research. The study estimates that consumers will spend a total of $72.1 billion on non-travel purchases this year. This is expected to rise to $217 billion in 2007,… Continue reading US Online Spending To Surge In Run Up To Christmas
As expected, Cordiant Communications chief executive, Michael Bungey, will leave the company in March 2003 and will be succeeded by David Hearn, currently chairman and CEO of the company’s US ad network, Bates Worldwide (see Hearn Expected To Succeed Bungey At Cordiant). The confirmation of Bungey’s departure comes as Cordiant’s first half results show that… Continue reading Bungey’s Departure Confirmed As Cordiant Profits Tumble
Regional newspaper publisher, Johnston Press, has sold the Galloway Gazette and the Stornoway Gazette businesses to Scottish Radio Holdings (SRH) for an undisclosed sum, the group announced this morning. Johnston acquired the businesses as part of its acquisition of Regional Independent Media (RIM) earlier this year (see Johnston Press Acquires RIM Newspaper Business). The Galloway… Continue reading Johnston Press Sells Scottish RIM Papers
UK cable group NTL has been cleared by a US Bankruptcy Court to begin the financial and organisational restructure of the business, which previously sat on top of a £12 billion debt mountain (see NTL Revenues Fall Slightly As Recapitalisation Approaches). The company’s emergence from the US’ Chapter 11 bankruptcy protection will allow it to… Continue reading NTL Is Cleared For Reorganisation
Analysts at Merrill Lynch have slightly downgraded their 2003 forecasts for US and global advertising growth, warning that further downgrades are more likely than upgrades. The broker says that in its previous forecasts in June it was modestly raising the figures, believing this was an err on the conservative side. Now, it is reducing the… Continue reading Merrill Lynch Lowers 2003 US And Global Ad Forecasts
Cordiant Communications is expected to name David Hearn, head of its Bates Worldwide unit, as group chief executive, replacing Michael Bungey, according to a report in the Wall Street Journal. It is expected that Bungey’s departure will be announced tomorrow, along with the group’s financial results (see Bungey Expected To Leave Cordiant Comms). Cordiant has… Continue reading Hearn Expected To Succeed Bungey At Cordiant
Telewest Communications’ planned disposal of its 16.9% stake in Glasgow-based media group, SMG, has been passed by shareholders at the cable company’s Extraordinary General Meeting. Cob Stenham, chairman of Telewest said: “Any disposal of our interest in SMG would form part of our efforts to address the Group’s funding position. We wish to preserve the… Continue reading Telewest Set For SMG Disposal, Denies More Redundancies
Less than one third of mobile phone users plan to upgrade their phones to third generation (3G) enabled units, throwing further clouds over the supposed new wave of revenue for the telecoms industry (see Insight Analysis: 3G Promises Unfulfilled). A new report from A.T. Kearney and Cambridge Business School has found that whilst 61% of… Continue reading 3G Is A Turn-Off With Consumers, Finds Study