Channel 4 has revealed the extent to which it was bitten by the advertising downturn last year. Its Annual Report and Financial Statement for 2001 reveals a year on year group loss after tax of £20.6m, despite the fact that group turnover increased by 2% to £731m. The statement points out that with 85% of… Continue reading Ad Downturn Hits Channel 4 Revenues
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The administrators of ITV Digital have today confirmed that they will be closing the pay TV operation of the company this evening. In a statement released this afternoon, Deloitte & Touche said that “Insufficient interest has been shown from prospective purchasers to justify a continuation of the operation”. It is thought that the free to… Continue reading Administrators Switch Off ITV Digital
The Wireless Group has this morning posted pre-tax loss for the year ended 31 December 2001 down by 70.5% to £10.1 million, adding that its bank debt has now been paid off. Operating loss at the group fell by 31.4% to £10.5 million on turnover up 5.6% at £31.1 million. Demand begins to pick up… Continue reading Local Revenues Help Buoy Wireless Group Figures
The online advertising market continues to be difficult to predict, causing web companies to struggle with revenues, according to analysis by GartnerG2. Net giants such like Yahoo!, DoubleClick and AOL Time Warner are feeling pessimistic about the outlook for online advertising as AOL’s results this week show (see Box Office Success Offsets AOL Time Warner… Continue reading Online Advertising Will Pick Up In Q3, Says GartnerG2
Cautious, weak recovery seems to be the current advertising and economic outlook for the US and Europe, with the first signs of a lift now beginning to filter through. The global economy will grow by 2.8% this year, according to the latest outlook forecasts from the International Monetary Fund (IMF). This prediction is more optimistic… Continue reading Insight Analysis: Media Healthcheck – April 2002
Home internet access in the UK reached 39% of households in Q4 2001, according to the latest data from the Office of National Statistics (ONS) released this morning. This is equivalent to 9.8 million households, or 25.6 million adults, says the ONS. Gender gap closes The data show that the gap between men and women… Continue reading UK Home Net Access Hits 39%, But Growth Plateaus
In 2006 the market is forecast to reach a volume of 232 million subscribers, an increase of 78.5% since 2001, according to new figures from Datamonitor. The compound annual growth rate of the market for the period 2001-2006 is predicted to be 12.3%. The US market is known to be less advanced than most European… Continue reading US Mobile Market Set For Continued Growth
Outdoor advertising company JCDecaux has reported Q1 sales of E358.6 million for 2002, an increase of 4.7% on the E342.6 million reported for Q1 2001. The group said that new acquisitions had helped lift revenues which fell in line with its own expectations. However, revenue fell by 2.1% on a like-for-like (organic) basis. This reflected… Continue reading Transport Losses Hit JCDecaux Revenues
According to Screen Digest, 26 million housefolds worldwide will be using video on demand (VoD) services by 2005 with the US, unsurprisingly, leading the pack. eMarketer says that there will be 58.2 million interactive TV (iTV) households in the US by this time, this represents over 50% of US Tv households. By 2005, Screen Digest… Continue reading Insight Analysis: Do We Demand ‘On Demand’?
Despite whispers of a return to growth, Merrill Lynch warns that revenue growth in the US as “merely crawling out of a hole rather than true incremental spending” and maintains its forecast of -1.5% growth for the US in 2002. Advertising Forecasts From Merrill Lynch 2002 2003 Global -2.1% 3.9% US -1.5% 4.0% Europe… Continue reading Agencies Will Benefit From Easier H2 Comparisons, Says Merrill