The Competition Commission (CC) will now have until 19 April to report on the proposed acquisition by Johnston Press of eight Trinity Mirror newspaper titles, it was announced today. The Commission had previously been due to report on the takeover tomorrow (see Regulator Questions Johnston’s Latest Acquisition). The CC requested an extension to the investigation… Continue reading Commission Considers Trinity’s Acquisition Of Johnston Press Titles
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Reed Elsevier released full year results for 2001 today which revealed that heavy internet investment is beginning to pay off. Revenues for 2001 were up 21% to £4,560 million with adjusted pre-tax profits up 23% to £848million. Underlying revenue rose by 3%, overall operating margins were 1% higher at 22%and operating cashflow conversion was strong… Continue reading Reed Delivers Strong Results And Reaffirms Growth Expectations For 2002
The US Department of Commerce (DOC) has estimated that for Q4 2001 B2C e-commerce sales were valued at $10 billion and accounted for 1.2% of total US retail sales during the period, according to eMarketer. The $10 billion figure represents a 13.1% rise in e-commerce sales in the US over the Q4 2000 period. Emarketer… Continue reading US Q4 Ecommerce Sales Forecasts Were Mostly Optimistic, Finds eMarketer
Latest figures from the Advertising Association suggest that regional press ad revenue is set to fall by 0.8% this year, compared to the -0.2% decline forecast by the AA in October. AA Regional Press Forecasts, YoY Change (% Growth) 1998 1999 2000 2001 2002 Sep-99 6.8 1.5 3.2 Dec-99 6.8 4.5 5.3… Continue reading Regional Press Forecast Comparisons From The AA
A new video-on-demand distribution service, formed by MGM, Paramount, Sony, Universal Studios and Warner Bros is due to launch in the US soon. The service, Movielink, will create an open access IP based system for content delivery. Users will be able to download movies from the site and it is thought that the studios are… Continue reading MGM To Offer Downloadable Movies On The Net
The latest Merrill Lynch UK television industry forecasts of growth and subscribers by multiple platforms are shown below. Further analysis of these figures will follow shortly in the Forecasts section of MediaTel Insight. The previous set of forecasts from Merrill Lynch can be found here. Merrill Lynch Cable, Satellite & DTT Penetration Forecasts In UK … Continue reading UK Cable, Satellite & DTT Penetration Forecasts From Merrill Lynch – February 2002
The FT reports this morning that debt-laden German media group Kirch has begun the sell off of key assets in order to satisfy demands from its creditors. This includes Formula One, 58% owned by Kirch, which was sold by Bernie Ecclestone to Kirch for £1 billion. It is now thought that the Formula One magnate… Continue reading Kirch Sell Off Begins
The existing US television ownership rules must be reviewed, a US Appeals Court has determined. Currently, TV station ownership is restricted so that no one network can reach more than 35% of US households (see Viacom Networks Leave NAB Over Audience Limit); it also prevents operators from owning cable systems and broadcast TV stations in… Continue reading US Television Ownership Restrictions Must Be Reviewed, Says Court
WPP, the global advertising and communications group, has beaten expectations with its full year financial results showing a pre-tax profit of £490 million, up 29% on the previous year, despite the prevailing tough advertising market conditions. Despite the strong performance, WPP says that it expects advertising growth to remain flat in 2002, with no predicted… Continue reading WPP Results Beat Expectations, But Shares Dip
The proposed £50 million merger between internet research group NetRatings and its main rival Jupiter Media Metrix has collapsed following opposition from US anti-competition authorities, it has emerged. NetRatings, which is 64% owned by VNU, announced last October that it planned to acquire Jupiter MMXI’s global operation and integrate it with its own online research… Continue reading £50m Internet Measurement Merger Collapses