The well-documented fall-out in the internet market has reached Chrysalis as the company today announced that it will be ending all new media investments bar its sports network Rivals.net. The write down to Chrysalis’ accounts for the year will total £9.6 million and this does not include trading losses incurred by the New Media division… Continue reading New Media Write-Offs Cost Chrysalis
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The French Government may relax its regulations on television advertising, possibly allowing press and retailers to advertise on TV by 2003, according to French press reports and ABN Amro. The broker says that the rationale behind the move would be to increase the attractiveness of the digital terrestrial television (DTT) platform to free to air… Continue reading France May Relax TV Advertising Rules
Chief executive of US media group, Liberty Media, John Malone, has said in an interview with Die Welt that the company will start operating cable television services in Germany in about one year’s time. The announcement follows Liberty Media’s recent acquisition of six cable franchises from Deutsche Telekom for around Â5.5 billion. Further investment costs… Continue reading Liberty Media To Launch German Cable TV Services
Market research group Taylor Nelson Sofres (TNS) has this morning reported a strong set of interim financial results, with organic sales rising by 6.7% and pre-tax profit up by 9.1% to £17.1 million. The company said that the strong figures illustrate the ‘relative resilience’ of the market information industry worldwide, which is growing despite the… Continue reading Taylor Nelson Sees Strong Results, Driven By Core Market Research Business
According to the recent report Online Teen Spending, 2001, Datamonitor forecasts that by 2005 teenagers will spend up to $10.6 billion online, a rise from $483 2000. The survey looked at teenage spending online in seven EU countries and the US and found that online penetration amongst teenagers was often higher than amongst the population… Continue reading Teenagers Will Spend $10.6 Billion Online In 2005, Says Datamonitor
New research reveals that 40% of web surfers will visit a news or information site more often if its pages load faster and advises that companies should worry less about spending lots of money on the latest web design technology, as this will not increase user levels. According to the Jupiter Research Web Enterprise report,… Continue reading Technology For Technology’s Sake Doesn’t Necessarily Build Website Use, Says Jupiter
New media advertising is set to boom over the next few years, despite its rocky fortunes in the last 18 months. Market researchers Allegra Strategies forecast that while the difficult market will mean a downturn this year, the average rate of growth for the next few years for new media ad revenues will be 51.8%… Continue reading New Media Ad Revenue To Rise
The number of UK homes with multi-channel TV has reached the 10 million mark according to the latest figures from the British Audience Research Bureau (BARB). The figures show that 41% of the UK’s 24,458,000 TV households now have multi-channel TV and that almost 28 million individuals throughout Britain have access to multi-channel services. The… Continue reading 10 Million UK Homes Have Multi-Channel TV
The European Commission (EC) has granted clearance for the proposed takeover of UK advertising and communications group, Tempus, by French agency Havas Advertising (see Havas Moves In On Tempus). The EC said that the takeover “does not raise any competition concerns in the markets for marketing communication services or media buying.” Havas’ activities include general… Continue reading EC Clears Proposed Takeover Of Tempus By Havas
Publishing group Highbury House Communications (HHC) said that consumer advertising levels have been resilient in the first half, but that there has been a slowdown in newsstand sales. Nevertheless, pre-tax profit for the six months to 30 June rose by 101% to £3.4 million. The results include the performance of all acquisitions made last year,… Continue reading Highbury House Will Close Titles That Do Not Meet Targets