More than a quarter of the Czech population, aged between 12 and 79, now have access to the internet, according to data published by GfK this week. The research shows that Net penetration in the Czech Republic has reached 25.7%, or 2.2 million people – a 32% rise year on year. The quarterly Internet Monitor… Continue reading Internet Reaches One Quarter Of Czech Republic Population
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Christmas online retail and travel sales in the US will reach approximately $11.9 billion – an 11% rise year on year – according to a report released yesterday by Jupiter Media Metrix (JMM). JMM says that whilst growth in online shopping is slower this holiday season than last, the number of people making purchases is… Continue reading Solid Christmas Sales For Online Retailers Predicted By Jupiter
Independent News & Media (INM), the company which owns the Independent newspaper in the UK, is to sell its New Zealand news publishing operation Wilson & Horton to APN News & Media for NZ$1,500 million (Â690 million). INM itself owns a 40% stake in APN. The restructuring will create one of the leading media companies… Continue reading Independent News & Media Sells New Zealand Publishing Group
According to press reports this morning WPP may engage in a legal challenge to overturn the decision of the Takeover Panel with regards to the attempted withdrawal of its bid for Tempus (see Takeover Panel Rules Against WPP). WPP chief executive Martin Sorrell is to face the full panel this week in order to put… Continue reading WPP May Consider Legal Action Over Tempus Bid
US online advertising is forecast to grow by 12% in 2002, to $5.3 billion, according to Myers Reports data compiled in August. Online joins local cable advertising as the only two media that are now expected to increase “in a year that is now shaping up to be even worse than 2001.” Jack Myers notes… Continue reading Online Companies Provide ‘Role Model’ In Difficult Economy, Says Myers
Online shoppers will spend a record $9.9 billion in the US during the upcoming holiday season – a rise of 43% on the $6.9 billion spend of the previous year, according to forecasts from Nielsen//NetRatings. The research company says that shoppers will buy products in 13 ecommerce categories and that more than 106 million people… Continue reading US Online Shopping Looks Healthy For Christmas Period
Research by theYankee Group claims that 93% of US PC-owning households now have web access. According to its Technologically Advanced FamilyÂŽ (TAFÂŽ) Survey, the group also estimates that the top three uses for home PCs are: Online services/Internet access with 76% of the online population, Games/Entertainment with 58%, and Personal/Household Finance Management with 30%. The… Continue reading 93% Of US PC Homes Now Have Web Access, Says Yankee Group
In its Q3 results, Vivendi Universal, revealed an upbeat outlook despite the gloomy ad climate which currently prevails. The company, Europe’s largest media group, has beaten Q3 forecasts and is on track to meet full year expectations. Q3 fell in line with the market; organic earnings before interest, tax, depreciation and ammortisation (EBITDA) grew by… Continue reading Vivendi On Track To Meet 2001 Earnings Targets
WPP has again extended its acquisition offer for UK media buying group Tempus, as the Takeover Panel considers the company’s appeal against the dismissal of the Material Adverse Change clause it was hoping to invoke (see Takeover Panel Rules Against WPP). WPP was hoping to withdraw from the agreed takeover offer on the grounds that… Continue reading WPP Extends Tempus Offer As Appeal Is Considered
In the current volatile and uncertain climate, media suppliers are faced with the difficult prospect of generating cost savings whilst cutting cost per thousands, according to Jack Myers, chief economist at Myers Reports. Myers says that the long-term strategies that corporations were building as recently as 1998 – pre dotcom boom – were based on… Continue reading Media Companies Caught Between Need For Investment And Falling Revenues, Say Myers