There is a ‘significant risk’ that the advertising recovery could be delayed until the second half of 2002, according to a report by analysts at ABN Amro, released on last week. The broker predicts that globally ad revenues will decline by 2% next year, following the 5.3% decline of this year. The first half of… Continue reading Structural Erosion Of Ad Market Will Dampen Recovery, Says ABN

According to Cahners In-Stat, the market for resdiential DSL services will grow considerably over the next five years despite a slump in H2 2001. “Even though the residential DSL market slowed significantly after the first quarter of 2000, residential DSL broadband access services are becoming increasingly available in the home as providers are able to… Continue reading DSL Market Set For ‘Considerable’ Growth Over Next Five Years, Says Cahners In-Stat

As predicted, WPP has launched an appeal against yesterday’s decision by the Takeover Panel concerning its desired withdrawal from the 555p-a-share offer it made for Tempus in August. The panel ruled that WPP was not permitted to invoke the Material Adverse Change clause in its initial offer for Tempus and that the £434 million takeover… Continue reading WPP Appeals Against Takeover Panel Decision

Troubled digital terrestrial broadcaster, ITV Digital, has beaten its internal subscriber growth targets for the third quarter, according to a statement released by co-owners Carlton Communications and Granada this morning. The companies say that ITV Digital gained 82,000 customers in the quarter to September, pushing its total customer base to 1.2 million, up 36% year… Continue reading ITV Digital Reduces Costs And Grows Subs 36% In Q3

SMG has today announced that its review of staffing levels (see SMG Offers All Employees Voluntary Redundancy) will result in a maximum of 95 redundancies across its operations by the end of 2001. This represents around 5% of the media company’s total workforce. Of the 95 redundancies, 17 are management positions. Whilst a further 52… Continue reading SMG Makes 95 Cost-Cutting Redundancies

Acquisitions play a large part in the fortunes – or otherwise – of WPP this year. First half revenues were up over 56%, largely due to the contribution made by last year’s big name acquisition Young & Rubicam (see Shareholders Approve WPP/Y&R Deal), along with several other smaller companies acquired along the way (see WPP… Continue reading WPP Warns Results May Suffer In ‘Very Difficult’ Year

The Takeover Panel has this morning ruled against WPP’s attempt to free itself from its 555p-a-share offer for Tempus Group (see Tempus Confirms WPP Offer). WPP had made a submission to the Takeover Panel in an attempt to invoke the Material Adverse Change clause in its initial offer citing the further deterioration of the ad… Continue reading Takeover Panel Rules Against WPP

colspan=”7″>UK E-Commerce Revenue Forecasts 2000-2005 

colspan=”7″>US E-Commerce Revenue Forecasts 2000-2005 

colspan=”7″>Western Europe E-Commerce Overview, 2002