Pre-tax profits at GWR Group fell by 70.2% during the six months to 30 September 2001 to £2.8 million, the company announced this morning. The decline is clearly a result of the deteriorating advertising market that has hit virtually all media companies over recent months. GWR said that advertising revenues were down by 5.9%, but… Continue reading GWR Profits Drop 70% On Poor Advertising Market

Publishing group, Highbury House Communications, has acquired Millennium Magazines for an initial sum of £1.47 million. Millennium publishes Satellite TV Europe, which had generated revenues of £1.4 million and a pre-tax profit of £274,000 in the 11 months ended 31 October 2001. The current monthly circulation is 75,000 copies. Highbury House may make further payments… Continue reading Highbury House Acquires Millennium Magazines

ITV is now close to sealing a deal with BSkyB that will see the Network’s channels broadcast via the digital satellite platform, according to a report in today’s Financial Times. The paper reports that the year-long wrangle between the two broadcasters (see Sky Will Not Sell ITV Sport Channel To Subscribers) may be settled in… Continue reading ITV Close To Securing Sky Digital Carriage, Says FT

The FT reports this morning that the government may soon act to abolish the media ownership laws brought into place in order to prevent Rupert Murdoch from expanding his media empire to include terrestrial TV in the UK. Murdoch, who controls more than 30% of the UK newspaper market with his News International titles, was… Continue reading Government May Relax ‘Murdoch’ Ownership Regulations

US business to business (B2B) advertising revenues declined by 23.6%, according to figures from the Business Information Network (BIN), quoted by analysts at ABN Amro yesterday. The data shows that advertising volumes fell by 21.7%. The technology and telecommunications sectors continue to suffer the most substantial declines, with Computers down by 18.9%; software down 23.9%… Continue reading US B2B Ad Revenues Fall By 24% In August

Online adspend in the US fell by 17.1% year on year during the first three quarters of 2001, according to the latest figures from CMRi, the internet division of CMR. “As many look to the holiday season to alleviate the slowdown in online activity, we may see a bright spot in spending post-holiday, especially as… Continue reading US Online Adspend Falls 17% In First Three Quarters

In 2000, online retail failed to make any kind of impression in Italy, Austria or Spain, with online sales reaching just to $560 million in Italy and $240 million and $120 million in Austria and Spain respectively, according to Datamonitor. By 2005, the Italian market will have outstripped the Austrian and Spain markets, says the… Continue reading Online Retail To 2005 Set To Boom In Italy

Forrester Research have revealed that results of the latest Forrester Online Retail Index. According to figures for October, total spending online in the US decreased from $4.0 billion in September to $3.6 billion in October. The number of households shopping online decreased to 13.7 million in October, from 15.2 million in September and consumers spent… Continue reading US Online Spending Falls In October

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