Future Network, the international games and specialist consumer magazine publisher, has today said that it has been encouraged by the trading of January and February this year and described the previous financial year as the most difficult in the company’s history. Future has had a very rocky ride of late. Its market capitalisation has plummeted;… Continue reading Games Mags Recovery Could Drag Future Out Of ‘Most Difficult’ Period
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Despite falling from the ‘heady days’ of triple-digit growth, internet advertising still outpaced the rest of the UK media industry last year, rising 28% year on year, according to a brief released by Forrester Research this week. The latest statistics from Evaliant’s AdWatch ad tracking service show that the overall UK online advertising market reached… Continue reading UK Online Advertising Grows 28% In 2001
Consumer spending is outpacing GDP growth in the UK and as such is acting as a significant driver for media growth, according to ABN Amro. The broker says that consumer expenditure accounts for almost 50% of industry revenues and its current resilient growth is providing a significant secular driver for media. In a sector note… Continue reading Consumer Spend Drives Media Industry Growth
Jupiter Media Metrix yesterday forecast that revenues from paid online content will grow to $5.8 billion by 2006, up from $1.4 billion in 2002. According to Jupiter revenues for general content will rise from $700 million in 2001 to $2.3 billion in 2006 whilst revenues from online games and digital music will total $1.8 billion… Continue reading Online Future Will Mirror Cable TV, Says Jupiter
According to Scarborough Research, mobile phone ownership in the US has grown by 29% over the past two years. Almost two thirds – 62% – of American adults now own a cell phone. In 1999, only 48% of US adults owned a cell phone and in 2000 the total had grown to 55%. Scarborough believes… Continue reading US Mobile Phone Growth Will Continue, Says Scarborough
JCDecaux has this morning released full year results for 2001 which revealed a 2.1% fall in profits and a downbeat outlook for Q1 2002. EBITDA was down 2.1% to E377.3 million whilst net profits were halved to E10.2 million from E20.4 million in 2001. This, said the group, was due to a slowdown in its… Continue reading JCDecaux Downbeat On Early 2002 Outlook
Radio First (see Radio First Sees Medium Term Profit In Football Stations) has made an upbeat statement at its AGM today and announced that formal audience research would be completed at each station during 2002. Chairman Keith Harris stated that numbers of advertisers and, consequently ad revenue, was growing month by month and as such… Continue reading Football Ventures Boost Radio First Outlook
According to press reports this morning SMG is considering a £60 million write-down of its stake in Scottish Radio Holdings in response to pressure from its auditors. In a buoyancy market, between December 2000 and May 2001, SMG gradually increased it hold in SRH building a 29.5% stake at a cost of £147 million. Analysts… Continue reading SMG Counts The Cost Of SRH Investment
Research company Taylor Nelson Sofres released full year results for 2001 this morning revealing profits up slightly ahead of expectations. Pre-tax profit was up 15% before goodwill charges rising from £37.8 million in 2000 to £43.5 million. Underlying growth was 6.1% for the year ahead of estimated market growth of 5%. Revenue Growth In Specialist… Continue reading Taylor Nelson Sofres Confident Of ‘Steady’ Growth In 2002
In results released this morning, Ulster Television plc has revealed an increase in group operating profit to £13.6m, up from £13.4m last year, despite the prevailing conditions. Overall advertising revenue for the ITV network was down by 13.5% in 2001, UTV managed a drop of just 6.1% thanks, said the company, to stringent cost-control produced… Continue reading Ulster TV Emerges Relatively Unscathed From ITV Ad Slump