Carlton Communications Plc has announced the launch of a bond, exchangeable into shares in Thomson multimedia, which expected to raise approximately £311 million in cash with an option to increase the issue by up to a further £62 million. The exchangeable bond, which will mature in 2007, is expected to carry a coupon of between… Continue reading Carlton Launches Thomson Bond To Raise Cash
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The PPA reports that the value of the UK magazine market grew by 12.1% to reach £3.1bn between 1999 and 2000, according new data from Euromonitor. The UK has demonstrated better growth than France and Germany, whose magazine markets grew by 0.7 % and 2.3% respectively in the same period. According to Euromonitor the UK… Continue reading Euromonitor Reports Impressive Growth In Men’s Magazine Market
Starcom Worldwide, a division of Starcom MediaVest Group (SMG) the media network of Bcom3, and Thomas Koch Media have announced that they are to merge their operations in Germany. The new company will be called TKM Starcom and will become the fifth largest media agency in Germany. Thomas Koch, currently chief executive of Thomas Koch… Continue reading Starcom Worldwide Strengthens Presence In Germany
eMarketer reveals in its ‘North America Wireless Report’ that the number of mobile phones in the US is approaching 125 million making it one of the largest wireless markets in the world. Growth of wireless opportunities will be strong, says eMarketer thanks to a growing user base of young people and increasing corporate demand for… Continue reading Wireless Internet Forecasts From eMarketer
Granada released its preliminary end of year results this morning revealing losses of £185 million for the year and admitting that more jobs would have to go. In addition to the widespread downturn in the advertising market, Granada faces mounting losses at ITV Digital. Losses at Granada’s digital media division, which includes ITV Digital, rose… Continue reading ITV Digital Losses Weigh Heavy On Granada As Job Losses Continue
Jack Myers today reiterated his forecasts for 2002 ad spending saying that “the economic indicators that we study do not look as positive [as other analysts might suggest]”. Myers forecasts that the best-case scenario for ad spending in 2002 is an overall decline of 1.7% and that worst-case sees ad spend falling by 7.4%. Most… Continue reading Myers Restates “Pessimistic” Ad Forecasts
European online retail spending will rise by 160% year on year this Christmas season, reaching a value of ₏4.1 billion, according to a new report from Forrester Research. Just under a quarter of all European online sales for the year will take place in December. The UK leads the way, with consumers accounting for 34%… Continue reading European Online Retail To Reach E4.1bn This Christmas
Over 50% of companies that currently advertise on the internet plan to increase their online ad budget over the next year, according to a new study published today by ISBA. The study, conducted by research company Arc, shows that 70% of brands now advertise online and only 12% expect to see their investment in internet… Continue reading Advertisers To Build Investment In Online Campaigns
Chrysalis Group and 365 Corporation are to merge their internet content business into a newly-created company in order to cut costs and move closer to profitability, the two groups have announced this morning. Chrysalis operates the Rivals.net sports content website and 365 Corp produces a number of sports-related sites such as Football365 and Cricket365. The… Continue reading Chrysalis And 365 Merge Sports Website Businesses
In today’s consultation document on media ownership, culture secretary Tessa Jowell inferred that the 20% rule which currently governs cross media ownership may remain and may yet be extended to cover all media markets. Driven by the belief that “the existing media ownership rules are outdated, inconsistent and not flexible enough to respond to the… Continue reading Cross Media Ownership Rules To Stay, Says Jowell