Future Network is to cut 140 jobs as a result of the final stages of a reorganisation of its UK business. The company has divided its UK business into three operating divisions: Games, Computing and Entertainment and through cuts in staffing levels and property overheads has reduced total fixed costs of its UK business by… Continue reading Future Network To Cut 140 Jobs In Cost-Cutting Restructure
ARCHIVE ▸ The Media Leader Staff
AOL Time Warner is now very close to sealing a takeover deal for UK magazine publishing group, IPC Media, according to recent press reports. This morning’s Financial Times claims that the two groups are now negotiating a price for IPC; it is expected that it AOL Time Warner will pay around £1.2 billion for the… Continue reading AOL Time Warner Thought To Be Close To IPC Deal
Legislation to set up the new ‘super regulator’ for the media and communications industries, Ofcom (see Industry Gives Cautious Welcome To White Paper), will be introduced during this parliamentary session, it was revealed today. The Government has published the Office of Communications Bill, making it possible to set up the board for the new body… Continue reading Ofcom Legislation Given Government Go-Ahead
The new technology sector in outdoor advertising, which includes screens, video walls and interactive kiosks, is set to increase its revenue from £2.7 million to £8.7 million by the end of the year, according to a report by Outdoor Connection. Nearly 82% of the total revenue for the new technology sector is generated in leisure… Continue reading New Technology To Grow In Outdoor Advertising
In a call for the internet advertising industry to re-think the use of so-called ‘pop-under’ ads, Unicast CEO Richard Hopple today asked the industry to re-think its use of the generally condemned format, saying that the short-term revenue gains generated by their use, will be more than offset by the continuing negative perception of online… Continue reading Unicast Chief Condemns Internet’s Pop-Under Ads
The popularity of digital television’s interactive services is growing rapidly, with 5.3 million already interacting with TV programmes, sports events and advertisements via their TV remote controls, according to a new digital TV report. The Continental Research survey found that 2.7 million people have turned onto reality TV show Big Brother‘s interactive platform, with a… Continue reading Interactive TV Use Rises, But Ads Are Avoided
Final results from BSkyB are expected to show the rewards of three years of investment, according to analysts ABN Amro. The company is due to release its full year results on 25 July. Despite the seasonal slowdown in the fourth quarter, ABN says it expects the figures to reveal the extent to which ‘BSkyB’s underlying… Continue reading Profits Expected In Sky Finals
Business to business display advertising has been impacted by the technology and telecom adspend downturn, but recruitment revenues have remained strong at EMAP, according to chairman Adam Broadbent’s AGM statement. The consumer magazine division is showing some growth and circulation revenues are continuing to improve, the company said. Radio advertising has shown a decline in… Continue reading EMAP First Half Marginally Behind Last Year
Anglo-Dutch publisher, Reed Elsevier, has successfully completed its take offer for Harcourt General (see US Clears Reed’s Harcourt General Acquisition), the company announced this morning. The merger of the two companies will create the world’s largest scientific and medical publisher. Once the merger has been completed, Reed said it will complete the on-sale of the… Continue reading Reed Elsevier Completes Harcourt Acquisition
BSkyB and Ladbrokes have agreed to form a joint 50:50 venture to offer a fixed-odds and pools betting service via the Sky Digital television platform. Ladbrokes’ Vernons pools business will be transferred to the joint venture and BSkyB will contribute its wholly-owned bookmaker Surrey Sports, which already operates on Sky Digital. The service will operate… Continue reading BSkyB And Ladbrokes To Create Digital TV Betting Service