Reuters reports that following the 11 September attacks in the US, the major TV networks there – ABC, CBS and NBC – lost a combined $880 million in advertising revenue for the third quarter. This represents a 28.6% decline on Q3 2000. The figures, which come from the Broadcast Cable Financial Management Association, represent the… Continue reading US TV Networks Lose Record $880m In Q3 Ad Revenue

The Wireless Group (TWG) is to finance the repayment of its remaining bank debt through the sale of Wave 105 FM to Scottish Radio Holdings (SRH) for £18.0 million. Following the disposal, TWG will be left with a cash balance of £1 million. The move follows the £25.5 million sale of Scot FM to the… Continue reading Wireless Group Offloads Wave 105 To Scottish Radio In Debt Clearance

Q3 results from BSkyB released today reveal revenue increases of 24% and net subscriber growth of 190,000 bringing BSkyB’s DTH subscriber total to 5.49 million. Pre-tax losses for the period fell to £89 million, compared with £123 million for the same period last year. Turnover rose 23% to £642.7 million (from £520.3 million) and earnings… Continue reading BSkyB Losses Fall As Subscriber Growth Continues

The US hi-tech publishing advertising market continued to deteriorate throughout September, according to the latest in a series of updates (see Hi-Tech Ad Volumes Show Further Deterioration In US, According UBM) from United Business Media (UBM) this morning. UBM’s interest in this area comes through its hi-tech publishing group CMP Media. During the month CMP… Continue reading Hi-Tech Advertising Deterioration Continues, Hammering CMP Media’s Profits

After hearing WPP’s appeal yesterday, the Takeover Panel have again refused to allow the company to withdraw their 555p-a-share offer for Tempus. The full Panel met to hear Sir Martin Sorrell’s appeal, thought to centre around Tempus’s reluctance to provide WPP with key financial reports, after the Panel Executive dismissed WPP’s original request last week… Continue reading Takeover Panel Rejects WPP Appeal

The US hi-tech publishing advertising market continued to deteriorate throughout September, according to the latest in a series of updates (see Hi-Tech Ad Volumes Show Further Deterioration In US, According UBM) from United Business Media (UBM) this morning. UBM’s interest in this area comes through its hi-tech publishing group CMP Media. During the month CMP… Continue reading Hi-Tech Advertising Deterioration Continues, Hammering CMP Media’s Profits

According to a new report, FRIACO: How capacity-based interconnection strengthens the Internet market, published this week by Analysys, flat-rate internet access call origination (FRIACO) will generate demand for broadband in western Europe. “FRIACO is not merely a stopgap between pay-as-you-go (metered Internet access) and broadband, but more an important and effective migration path to mass-market… Continue reading FRIACO Will Drive Broadband In Western Europe, Says Analysys

More than a quarter of the Czech population, aged between 12 and 79, now have access to the internet, according to data published by GfK this week. The research shows that Net penetration in the Czech Republic has reached 25.7%, or 2.2 million people – a 32% rise year on year. The quarterly Internet Monitor… Continue reading Internet Reaches One Quarter Of Czech Republic Population

Christmas online retail and travel sales in the US will reach approximately $11.9 billion – an 11% rise year on year – according to a report released yesterday by Jupiter Media Metrix (JMM). JMM says that whilst growth in online shopping is slower this holiday season than last, the number of people making purchases is… Continue reading Solid Christmas Sales For Online Retailers Predicted By Jupiter

US online advertising is forecast to grow by 12% in 2002, to $5.3 billion, according to Myers Reports data compiled in August. Online joins local cable advertising as the only two media that are now expected to increase “in a year that is now shaping up to be even worse than 2001.” Jack Myers notes… Continue reading Online Companies Provide ‘Role Model’ In Difficult Economy, Says Myers