The US Federal Reserve has just announced a 0.5% point cut in interest rates in what is a concerted move to prop up trading on Wall Street today. The cut, from 3.5% to 3.0%, came only one hour before trading is set to resume. Investors around the world will still be looking anxiously toward Wall… Continue reading Insight Analysis: Can Traders Stabilise The Market As Wall Street Reopens?
ARCHIVE ▸ The Media Leader Staff
For media stocks the short- to medium-term situation is now looking even worse than it did before the tragedy in the US, when there was already a worry of impending full-scale recession. Advertising levels are likely to drop as media devote much of their space to coverage of the events now unfolding in the States… Continue reading Insight Analysis: Media Stocks Show Across The Board Declines As Outlook Deteriorates
BSkyB would be interested in buying a stake in ITV companies Carlton and Granada if the Government changed the current cross media ownership laws, according to CEO Tony Hall. Speaking at the Royal Television Society conference in Cambridge, Sky’s chief executive said that if the current broadcasting laws were changed, Sky would consider investing in… Continue reading BSkyB Eyes Up Terrestrial Opportunities
Stocks indices plummeted as the New York Stock Exchange, Dow Jones and Nasdaq opened today for the first time since the attacks on New York and Washington last Tuesday (see Insight Analysis: Can Traders Stabilise The Market As Wall Street Reopens?). This is despite a 0.5% cut in the US interest by the Federal Bank,… Continue reading Stock Falls As Wall Street Reopens
Pre-tax profits before exceptionals at Ulster Television (UTV) fell slightly in the six months to 30 June, mainly due to the downturn in advertising levels. Interim pre-tax profits came in at £6.4 million, compared to £20.4 million for the same period last year, which included the £13.4 million profit contribution from the sale of the… Continue reading Ulster TV Profits Fall, But Outperform ITV Network
For media stocks the short- to medium-term situation is now looking even worse than it did before the tragedy in the US, when there was already a worry of impending full-scale recession. Advertising levels are likely to drop as media devote much of their space to coverage of the events now unfolding in the States… Continue reading Insight Analysis: Media Stocks Show Across The Board Declines As Outlook Deteriorates
BSkyB would be interested in buying a stake in ITV companies Carlton and Granada if the Government changed the current cross media ownership laws, according to CEO Tony Hall. Speaking at the Royal Television Society conference in Cambridge, Sky’s chief executive said that if the current broadcasting laws were changed, Sky would consider investing in… Continue reading BSkyB Eyes Up Terrestrial Opportunities
The Federal Communications Commission (FCC) in the US is reviewing the cross-media ownership regulations that have so far prevented the ownership of television stations and newspapers in the same market. The FCC launched its sweeping review yesterday, although at this stage it is merely comments and information about the issues at hand that are being… Continue reading FCC To Review Media Ownership Restrictions
French media giant Publicis, owners of Saatchi & Saatchi, today announced that H1 results have fallen short of expectations but net profits after deductions were up by 3.8% on H1 2000, boosted largely by new billings. Publicis reported new billings in Q2 2001 of E700m compared with E105 billion and E850 million reported in new… Continue reading New Business Wins Boost Publicis Results
According to figures released by the Publishers Information Bureau this month, US magazine advertising has declined again for the month of August in terms of both volume and revenue. The troubled technology sector saw the greatest drop with revenue from this sector falling by 41% and volume by almost 50%. US Magazine Adspend Comparisons August… Continue reading US Magazine Ad Revenue Shows Further Decline