EMAP on Tuesday released financial results that demonstrated the continuing effects of the advertising and economic downturn, forecasting that there would be no second half recovery (see Emap Results ‘In Line With Expectations’ But No Second Half Recovery Expected). The Times notes that investors were wary of EMAP’s big US acquisition – which has since… Continue reading EMAP Results – Reaction
ARCHIVE ▸ The Media Leader Staff
More than half of internet users in Great Britain who did not shop online last Christmas intend to do so this year, in another indication that the web is becoming more widely accepted as a source for goods and services purchases. According to the November survey of 12,500 British consumers by Lightspeed Research, around one… Continue reading Online Spend To Rise 78% In Britain This Christmas
Havas Advertising Group has announced estimated revenues for the first nine months of fiscal year 2001 of E1.6 billion, an increase of 43.1% as compared to the same period in 2000. Billings amount to E10.3 billion, representing the same percentage increase as that of the revenue. When adjusted to account for the effects of currency,… Continue reading Havas Advertising Embarks On Reorganisation As Results Are Announced
The Interpublic Group of Companies (IPG) yesterday reported Q3 earnings of $.15 per share compared with $.29 per share in last yearÂ’s third quarter. These results exclude restructuring and other one-off charges and include the operations of True North Communications, acquired in a pooling-of-interests transaction valued at $1.7 billion on June 21. Q3 revenue declined… Continue reading Losses Mount At Interpublic Despite Cost Cuttings
IPC is closing six of its magazines as well as its events and exhibitions business, IPC Live, resulting in 115 redundancies. Your Life, Marie Claire Health and Beauty, Woman’s Journal, Your Garden and Homes and Ideas will all close as part of an ongoing review of the company and Parenting’s Complete Guide to Pregnancy will… Continue reading IPC Closes Exhibitions Business And Six Magazines, Costing 115 Jobs
SMG’s Pearl & Dean cinema advertising sales house has secured the contract to provide theatre advertising for four years to the network of UGC Cinemas. The contract begins on 7 January 2002 and covers UGC’s 43 cinemas in the UK and Ireland, totalling 405 screens. This deal will increase to 1,406 the number of screens… Continue reading SMG’s Pearl & Dean Wins UGC Cinemas Contract
The European Commission has cleared the sports rights merger between Groupe Jean-Claude Darmon, Canal+ Group and RTL Group, following months of speculation and delays. The new entity, which combines all the sports right activities of the three groups, will be called Sportfive. The merger, first announced in May, will create a leading European venture with… Continue reading EC Clears European Sports Rights Merger
Scottish Radio Holdings’ (SRH) greater exposure to local advertising revenues has enabled it to outperform the radio market, according to its annual financial results released this morning. Whilst SRH saw radio turnover remain more or less flat (£34.2 million this year against £34.8 million in 2000) and radio profits dipped from £13.0 million to £11.0… Continue reading Scottish Radio Outperforms Market, But Profits Dip
Pan-European broadcasting group, UPC, has posted a 62% increase in EBITDA, up from the E97 million loss of last time to a loss of E37 million for Q3 2001. This is a slightly better performance than ABN Amro forecasts which had expected an earnings loss of E39.6 million. The group says it is still on… Continue reading UPC Reduces Earnings Loss In Q3 Results
Internet advertising revenue in the UK exceeded £90 million in the first half of 2001 – an increase of £26 million or 42% on the same period last year, according to the latest research carried out for the Interactive Advertising Bureau (IAB). The study, which measures the industry based on figures submitted by the finance… Continue reading UK Online Ad Revenue Rises 42% In H1 2001