The £25.5 million sale of Scot FM to the Guardian Media Group (GMG) in June (see Wireless Group Sells Scot FM To Guardian Media For £25.5m) has helped push Wireless Group into profit for the six months ended 30 June 2001. The £22.5 million profit from the disposal nudged pre-tax profit up to £5.0 million;… Continue reading Scot FM Sale Boosts Wireless Group Profits
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Nielsen//NetRatings reports in its Internet Ratings Report for July 2001 that Internet growth in US homes grew by 63% in the past two years. The US online population increased by 16% in the period from July 2000 to July 2001. Growth for the period 1999 to 2000 was 41%. “Despite a troubled economy and slumping… Continue reading US Internet Penetration Shows Strong Growth
Deutsche Telekom AG has sold its remaining six German cable regions to US company media company, Liberty Media Corporation. The sale is part of Deutsche Telekom’s strategy of focusing on its four main corporate divisions – mobile communications, internet communications, systems solutions and network access services – and spinning off its non-core assets, the company… Continue reading Deutsche Telekom Sells German Cable Regions To Liberty Media
Independent News & Media (INM) this morning reported that its pre-tax profits fell by 17.2% to E56.6 million during the six months to 30 June. The group, which publishes the Independent national newspaper, says that the drop is due to adverse currency movements, exceptional start-up costs, investment in a new Irish print facility and costs… Continue reading Independent News & Media Sees Profits Fall 17%
Global media company, Pearson, has sold its FT Energy publishing group to Platts, the global energy information and marketing services business of The McGraw-Hill Companies. The purchase price has not been disclosed. The sale of FT Energy is the last in a series of disposals that enables the FT Group to focus on delivering international… Continue reading Pearson Disposes Of Non-Core FT Energy
Advertising spending for all US media fell by 5.9% year on year for the first half of 2001, according to figures released yesterday by advertising and marketing communication group CMR. CMR estimates that total adspend for the first half of 2001 came in at just under $47.5 billion, compared to $50.4 billion for the same… Continue reading No Positive Advertising Shift Anticipated This Year, Says CMR
Online retail sales in the US declined for the second quarter in a row, from April to June, according to a report on Europemedia earlier this week. The article says that according to US government statistics online commerce fell by 1.8% to $7.5 billion (E8.2 billion) in the quarter. This is less severe than the… Continue reading US Online Commerce Declines For Second Consecutive Quarter
BSkyB has said it is in line to meet its average revenue per user (ARPU) target of £50 per year by 2005 from the home shopping and entertainment platform, Sky Interactive, according to a news report on AFX News today. BSkyB’s overall ARPU target is set at £400. Sky currently has around 5.5 million customers… Continue reading BSkyB And Telewest Set To Meet User Revenue Targets
French media group Havas Advertising is understood to have extended its 541p per share offer for UK agency Tempus Group until 17 September (see Tempus Confirms WPP Offer). The news comes as Havas announces that it now controls or has received irrevocable undertakings for 29.3% of Tempus. WPP’s 555p per share bid for Tempus still… Continue reading Havas Moves In On Tempus
RTL is in talks with Guardian Media Group (GMG) and UBC regarding the sale of its 80% stake in longwave radio station Atlantic 252, according to press speculation. It has been reported that GMG and UBC plan to close Atlantic, which broadcasts across most of the UK, in order to replace it with an analogue… Continue reading RTL Looks To Sell Atlantic 252