Next year’s world cup will help boost revenues from mobile gaming, said Jupiter Media Metrix last week, helping cash flow amongst the telecoms companies who spent big on 3G licences this year and who have yet to see any return on their investment. The dismal take up of WAP (see Forecasts) has left many companies… Continue reading World Cup Will Kick Off Mobile Internet Growth, Says Jupiter

Continued weaknesses in the advertising market have led ABN Amro to downgrade its 2001 and 2002 earnings per share forecasts for VNU by 4% and 10% respectively. The broker says that visibility for the business information group remains low as advertising in the business magazines sector is still weak. VNU’s US magazine division saw revenues… Continue reading ABN Amro Downgrades VNU Forecasts But Is Positive On Long-Term Future

Optimedia UKÂ’s Revenue and Inflation Estimates, published in March 2000, include estimated revenue growth rates for all the major media as far as 2003. As in last year’s edition, Optimedia is the least optimistic about Commercial Radio’s immediate future. Last year’s forecast for 2000 has been upgraded from 6.0% to 9.9%, however the forecast for… Continue reading Optimedia Forecasts

Zenith Media have upgraded their forecast growth figures for Commercial Radio – revenue is predicted to grow at 14.4% in 2000 and 15.0% in 2001. This is well ahead of estimated growth rates in total advertising revenue at 7.5% and 4.7% for 2000 and 2001, respectively. However, Zenith suggests that Commercial Radio’s market-beating growth rates… Continue reading Zenith Commercial Radio Forecast Upgrade

The deadline for shareholders in Tempus to accept the £437 million takeover bid by WPP is set for 3:00pm today. It is expected that the 90% acceptance level required to seal the deal will be easily achieved, although there is still some speculation that WPP may attempt to pull out of the deal even if… Continue reading Deadline Approaches For Tempus Shareholders’ WPP Decision

Global market information group, Taylor Nelson Sofres (TNS) is to buy the entire share capital of Sponsorship Information Services (SIS) and its interests in Sponsorship Information Services Asia and NetResult. The value of the acquisition was not disclosed. SIS monitors and evaluates sponsorship of major sporting events, such as UEFA Champions’ League football matches, Formula… Continue reading Taylor Nelson Sofres Acquires Sponsorship Monitoring Group

Continued weaknesses in the advertising market has led ABN Amro to downgrade its 2001 and 2002 earnings per share forecasts for VNU by 4% and 10% respectively. The broker says that visibility for the business information group remains low as advertising in the business magazines sector is still weak. VNU’s US magazine division saw revenues… Continue reading ABN Amro Downgrades VNU Forecasts But Is Positive On Long-Term Future

Late on Friday, following the suspension of trading in its shares and the announcement of its financial results, Future Network revealed the details of its refinancing plan (see Future Shares Remain Suspended As Losses Are Revealed). The group is to issue new shares at 20p each in order to raise £33 million net of expenses.… Continue reading Six For Five Issue To Raise £33m For Troubled Future

European media group Bertelsmann yesterday announced full year results for the period to June 2001 and continues to prepare for its IPO, expected in 2002/2003. Sales were reported to be up 21% to E20 billion and net income was up 35% to E1.5 billion. Operating margins for the group have fallen from 7.5% to 6%,… Continue reading Bertelsmann Still On Track For IPO Despite Fall In Earnings

Shares in Cordiant Communications fell by over 40% this morning following the issue of a profits warning by the marketing and communications agency. After closing at 95½p yesterday, shares in Cordiant had slumped to 56p in opening trade this morning. Cordiant said “Trading conditions in our industry are currently the most difficult experienced in recent… Continue reading Shares Slump As Cordiant Issues Profits Warning