Outdoor advertising contractor, Maiden Group, said that sales declined by 5.1% in the six months to 30 June 2002, pushing the group into the red. Pre-tax loss for the period was £2.3 million, down from the £2.2 million profit of the same period last year. However, things are starting pick-up, with a ‘slow but steady’… Continue reading Maiden Pushed Into Red By Tough First Half

The business community is yet to be inspired by high-speed internet connections with the result that UK companies account for just 30% of ADSL services, according to a new report from Oftel. The telecoms regulator also found that under one in ten SMEs have taken up broadband. This is partly due to the fact that… Continue reading UK Companies Remain Cool On Broadband

The business to business (B2B) information technology publishing sector saw advertising page volumes decline by 24.1% during August, according to the latest figures from United Business Media (UBM). UBM’s US publishing division, CMP Media, saw its own ad volumes decline by 10.3% in the month, buoyed by an increase in share of the market from… Continue reading Technology Advertising Remains Very Weak, Says UBM

US radio will grow 5% to 6% in 2002 predicts Gary Fries, president and chief executive officer of the US Radio Advertising Bureau (RAB). He described the radio sector as ‘good, stable and strong’ and urged the industry to captilise on current revenue growth. In July total revenues rose by 9% year on year, with… Continue reading US Radio Revenue Shoots Up 9% In July

Until now, advertisers have been reluctant to exploit the medium of interactive television but a new paper from Billetts, the advertising and marketing consultancy, puts the onus on the broadcasting industry to change the status quo. The report acknowledges that television in the UK is experiencing seismic changes and digital technology has given viewers access… Continue reading Jury Still Out On Interactive Advertising

Like for like airtime revenues at Capital Radio are expected to rise by 2% during the six months to 30 September, the group announced in a trading statement this morning. Revenues were down 7% in the six months ended 31 March and, accordingly, the group expects revenues to be down by 2% for the year… Continue reading Capital Radio Sees 2% Revenue Decline, Tarrant Stays

As expected, Chrysalis Radio has this morning announced the acquisition of London News Radio (LNR) from rival GWR Group for £23.5 million (see Chrysalis To Swap Galaxy 101 For London News Radio). The acquisition of LNR, which operates the LBC and NewsDirect stations, will strengthen Chrysalis’ position in the key London market, increasing the group’s… Continue reading Chrysalis Takes GWR’s LNR And Sells Galaxy 101

Airtime revenues at GWR Group are forecast to be flat for the six months to 30 September, slightly behind the trading at Capital Radio, which saw a rise of 2% over the same period (see Capital Radio Sees 2% Revenue Decline, Tarrant Stays). In a trading statement today, GWR says that UK like for like… Continue reading GWR Revenues Stay Flat In First Half

The troubled media giant, Vivendi Universal has vowed to look to the future as it bids to reduce the huge debts built up by former chief executive, Jean-Marie Messier. Current boss Jean-René Fourtou has committed the company to an asset disposal programme that is designed to raise E12 billion over the next eighteen months. He… Continue reading Vivendi Unveils Asset Disposal Plans

Internet spending in the US is set to increase by an average of more than 25% this year, according to a new report from eMarketer. Average online expenditure fell last year but in its latest report, Retail Industry Online, eMarketer estimates that US internet users will increase their annual spending from an average of $866… Continue reading US Online Buyers To Increase Spending