eMarketer reports that online consumer spending in the US will rise by more than 20% to reach $10.7 billion in Q4 2001. eMarketer’s Online Holiday Shopping 2001 report, drawn from a variety of sources and forecast in line with retail projections against the quarterly assessments from the US Department of Commerce, also predicts that 14.1… Continue reading US Online Shopping Boom Forecast For Q4

According to the latest Pew Internet report, 17% of US internet users have been asked to pay for something that used to be free online and 12% of Internet users, more than 13 million people, say a favourite site has gone out of business as a result of the advertising slowdown and subsequent effects on… Continue reading Internet Users Unwilling To Pay For Content, Says Pew

Capital Radio yesterday posted a 27% decline in underlying profits and said that there is no foreseeable recovery from the prevailing poor advertising conditions (see Capital Radio Profits Fall 27% Following Ad Downturn). The Times says that whilst there is no good spin to be put on the fall in profits, Capital is nevertheless well… Continue reading Capital Radio Results – Reaction

Press reports this morning suggest that BSkyB is in talks with Liberty Media to sell its 22% stake in German cable group Kirch (see BSkyB To Hold Off Sale Of Kirch Stake, Say Reports). The stake in Kirch, for which the company paid £312 million last year, cost BSkyB £29 million in the three months… Continue reading Murdoch In Talks To Sell Stake In Kirch To Liberty Media

Capital Radio has this morning reported a gloomy set of financial results, which show a 27% decline in pre-tax profit for the twelve months ended 30 September to £30.1 million. The company is saying that conditions remain tough as a result of the continued downturn in advertising, adding that there is virtually no visibility for… Continue reading Capital Radio Profits Fall 27% Following Ad Downturn

EMAP on Tuesday released financial results that demonstrated the continuing effects of the advertising and economic downturn, forecasting that there would be no second half recovery (see Emap Results ‘In Line With Expectations’ But No Second Half Recovery Expected). The Times notes that investors were wary of EMAP’s big US acquisition – which has since… Continue reading EMAP Results – Reaction

More than half of internet users in Great Britain who did not shop online last Christmas intend to do so this year, in another indication that the web is becoming more widely accepted as a source for goods and services purchases. According to the November survey of 12,500 British consumers by Lightspeed Research, around one… Continue reading Online Spend To Rise 78% In Britain This Christmas

Havas Advertising Group has announced estimated revenues for the first nine months of fiscal year 2001 of E1.6 billion, an increase of 43.1% as compared to the same period in 2000. Billings amount to E10.3 billion, representing the same percentage increase as that of the revenue. When adjusted to account for the effects of currency,… Continue reading Havas Advertising Embarks On Reorganisation As Results Are Announced

The Interpublic Group of Companies (IPG) yesterday reported Q3 earnings of $.15 per share compared with $.29 per share in last yearÂ’s third quarter. These results exclude restructuring and other one-off charges and include the operations of True North Communications, acquired in a pooling-of-interests transaction valued at $1.7 billion on June 21. Q3 revenue declined… Continue reading Losses Mount At Interpublic Despite Cost Cuttings

IPC is closing six of its magazines as well as its events and exhibitions business, IPC Live, resulting in 115 redundancies. Your Life, Marie Claire Health and Beauty, Woman’s Journal, Your Garden and Homes and Ideas will all close as part of an ongoing review of the company and Parenting’s Complete Guide to Pregnancy will… Continue reading IPC Closes Exhibitions Business And Six Magazines, Costing 115 Jobs