Cable company NTL has confirmed that it has appointed a number of banks and brokers to undertake a recapitalisation of the company in order to reduce debt. Credit Suisse First Boston, JPMorgan and Morgan Stanley will advise the broadband cable group on a recapitalisation structure and reduction of its $12 billion debt burden. CEO Barclay… Continue reading NTL Confirms Recapitalisation Moves
ARCHIVE ▸ The Media Leader Staff
Global market information company, Taylor Nelson Sofres (TNS), has agreed to acquire the broadcast division of BMC News and will combine the division’s activities with those of TNS Tellex. The value of the acquisition was not disclosed. The merged entity will be one of the UK’s leading broadcast monitoring specialists and will build on the… Continue reading Taylor Nelson Acquires TV And Radio Monitoring Business
German advertising spend declined by 9.8% in December last year, according to an analysis of ACNielsen data by ABN Amro. The broker had predicted a fall of 7.7%. Radio was the hardest hit by the slowdown, declining by 19.3% for the final month of 2001; newspapers also suffered, down by 11.0%. Only magazines outperformed the… Continue reading German Ad Market Drops 7.1% In 2001
The substantial deployment on internet video on demand (VOD) services in the US will not occur until 2005, according to report released this month by GartnerG2. Web-based video on demand is very much being hyped as the next major development in broadband entertainment services in the US. Nevertheless, GartnerG2 predicts that its success is a… Continue reading Internet Video On Demand Success A Long Way Off, Says GartnerG2
Below are long-term commercial radio revenue and total advertising forecasts from the Advertising Association (AA), as reported by the Radio Advertising Bureau (RAB). The AA has produced a high and low option for the predictions, as shown. Radio’s share of advertising is expected to break the 5.0% barrier around 2009, in both the high and… Continue reading Long Term UK Commercial Radio Revenue Forecasts
Liberty Media’s agreed deal E5.5 billion deal to acquire six cable franchises from German media group Deutsche Telekom (see Deutsche Telekom Sells German Cable Regions To Liberty Media) looks set to be blocked by the country’s regulators, according to a number of reports. It is understood that the Cartel Office in Germany is preparing to… Continue reading Liberty Media’s Deutsche Telekom Cable Deal Hits Regulatory Snags
The New York Times reported its Q4 financial results yesterday which showed advertising revenues have fallen by 21% year on year during the quarter. Profits declined by 46% and sales were down 17%, but the results were broadly in line with expectations, according ABN Amro analysts. In terms of current trading, the company says that… Continue reading New York Time Revenues Drop 21% In Q4
Pearson today announced that it has completed the sale of its 22% stake in European broadcaster, RTL Group, to Bertelsmann AG, as previously announced in December last year (see Pearson Agrees Sale Of RTL Stake). Following the deal, Marjorie Scardino, chief executive officer of Pearson, and John Makinson, finance director at Pearson, will resign as… Continue reading Pearson Completes Sale Of RTL Stake To Bertelsmann
If European telecommunications companies endeavour to compete with cable operators by building ‘hybrid’ satellite and ADSL networks they will end up losing more than E3,000 (£1,830) per subscriber over ten years, according to Forrester Research. The Making ADSL Broadband Pay report, released by Forrester last month, suggests that telcos should try to forge creative partnerships… Continue reading European Telcos Will Lose Out If They Compete Head On With Cable Companies, Warns Forrester
Debt-laden telecoms companies will be forced to further consolidate and divest during 2002, as they simply cannot afford to go it alone. This is one of the findings of the World Markets Research Centre (WMRC) report on the prospects for the global telecoms market in 2002. The analysis says that if 2001 were the annus… Continue reading Consolidation And Divestments Expected In 2002 For Debt-Laden Telecoms Companies