According to Forrester Research, declines in the tech sector will arrest during Q3 2002 and an upturn will begin in 2003. However, double-digit rises will not be visible until 2004 when growth will reach around 12%. “Forrester estimates that 12% of the IT sector’s volume in 2000 represented overspending, which amounts to a hefty $62… Continue reading Tech Market Will Recover In 2003, Says Forrester
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Despite the fact that there are well over 6,000 ISPs operating in the US, 65% of all access revenues in 2000 were generated by the top ten providers, according to Cahners In-Stat. Cahners forecasts that the weak economy will result in some of the smaller companies being unable to compete and that they will go… Continue reading US ISP Market Will Consolidate Further, Says Cahners In-Stat
German media group, Bertelsmann, may be interested in making a takeover bid for the UK’s Carlton Communications, according to a report in yesterday’s Observer newspaper. The article claims that the two companies have held ‘informal discussions’ recently, but that there are no ongoing negotiations. Bertelsmann is currently prevented from tying up with the ITV giant,… Continue reading Bertelsmann Looks At Carlton Merger, Says Report
Rupert Murdoch has walked away from what many considered the ‘dream’ deal of his career – one which would have made him the greatest TV mogul ever, reaching more people in more countries than anyone else in history. For the past six months Murdoch’s News Corp has cogitated, negotiated and restructured in order to engineer… Continue reading Murdoch Walks Away From ‘Dream’ DirecTV Deal
Rupert Murdoch, frustrated by delays and months of torturous negotiations, has walked away from what many considered the ‘dream’ deal of his career – one which would have made him the greatest TV mogul ever, reaching more people in more countries than anyone else in history. For the past six months Murdoch’s News Corp has… Continue reading Insight Analysis: Murdoch Walks Away From ‘Dream’ DirecTV Deal
There is a ‘significant risk’ that the advertising recovery could be delayed until the second half of 2002, according to a report by analysts at ABN Amro, released on last week. The broker predicts that globally ad revenues will decline by 2% next year, following the 5.3% decline of this year. The first half of… Continue reading Structural Erosion Of Ad Market Will Dampen Recovery, Says ABN
According to Cahners In-Stat, the market for resdiential DSL services will grow considerably over the next five years despite a slump in H2 2001. “Even though the residential DSL market slowed significantly after the first quarter of 2000, residential DSL broadband access services are becoming increasingly available in the home as providers are able to… Continue reading DSL Market Set For ‘Considerable’ Growth Over Next Five Years, Says Cahners In-Stat
As predicted, WPP has launched an appeal against yesterday’s decision by the Takeover Panel concerning its desired withdrawal from the 555p-a-share offer it made for Tempus in August. The panel ruled that WPP was not permitted to invoke the Material Adverse Change clause in its initial offer for Tempus and that the £434 million takeover… Continue reading WPP Appeals Against Takeover Panel Decision
Troubled digital terrestrial broadcaster, ITV Digital, has beaten its internal subscriber growth targets for the third quarter, according to a statement released by co-owners Carlton Communications and Granada this morning. The companies say that ITV Digital gained 82,000 customers in the quarter to September, pushing its total customer base to 1.2 million, up 36% year… Continue reading ITV Digital Reduces Costs And Grows Subs 36% In Q3
SMG has today announced that its review of staffing levels (see SMG Offers All Employees Voluntary Redundancy) will result in a maximum of 95 redundancies across its operations by the end of 2001. This represents around 5% of the media company’s total workforce. Of the 95 redundancies, 17 are management positions. Whilst a further 52… Continue reading SMG Makes 95 Cost-Cutting Redundancies