The deterioration of the US hi-tech advertising market is continuing according to analysts at ABN Amro who have today downgraded their forecasts for United Business Media’s hi-tech publishing group, CMP Media, accordingly. Revenues at CMP are now expected to fall by 23% in 2001, with profits down by a huge 72%. In 2002, revenues are… Continue reading ABN Downgrades CMP Media As Hi-Tech Advertising Continues To Fall

The Daily Mail & General Trust (DMGT) this morning said that advertising revenues at Associated Newspapers had, until the US attacks two weeks ago, been improving on the poor performance of the second quarter. In particular, the Daily Mail‘s important retail advertising has been robust, although the financial and IT sectors have remained weak, the… Continue reading Ad Revenues Stabilising At DMGT, But Hit By US Attacks

UK media planning and buying and agency, Tempus, has this morning said that its business outperformed the advertising market in what chairman Chris Ingram described as “one of the most difficult years our industry has faced.” Tempus’ interim results come as global advertising and communications group, WPP, is hovering to seal a takeover of the… Continue reading Tempus Results Show Decent Performance In Tough Conditions, But Jobs Likely To Go

Capital Radio has acquired a 19% stake in Tainside, the company which owns and operates the two Choice FM radio stations in London. The group paid £3.3 million for the interest and has an option to acquire the remaining 81% of the issued share capital of Tainside. The transaction values the entire business at £16… Continue reading Capital Radio Takes Stake In Choice FM

AOL Time Warner has said that the effects of the slowing advertising industry and the attack on the US two weeks ago are going to cause the company to miss its financial targets. The announcement is a further major indication of the hard times on which media companies are currently falling. The media giant said… Continue reading AOL Time Warner Gives Financial Warning

The deterioration of the US hi-tech advertising market is continuing according to analysts at ABN Amro who have today downgraded their forecasts for United Business Media’s hi-tech publishing group, CMP Media, accordingly. Revenues at CMP are now expected to fall by 23% in 2001, with profits down by a huge 72%. In 2002, revenues are… Continue reading ABN Downgrades CMP Media As Hi-Tech Advertising Continues To Fall

UK public relations and advertising group, Chime Communications, has bought Jaques Russell, a property marketing company, for an initial £350,000, to be paid in cash and shares. A further £350,000 may payable depending upon the gross profits generated by the business in the period of up to 15 months following completion of the deal.

Zenith Media has launched a damning attack on ITV’s decision to press on with the investment in its digital terrestrial TV service, ITV Digital. According to the MediaGuardian website today, the media buying agency – one of ITV’s biggest customers – has said in a report that nothing short of ‘divine intervention’ will save the… Continue reading Zenith Report Scorns ITV’s Digital Plans

Newspaper publishing groups Johnston Press and Trinity Mirror are considering whether to ask approval from the Competition Commission for the proposed acquisition by Johnston of eight free weekly local papers from Trinity. The announcement follows Competition Minister Melanie Johnson’s decision not to allow the deal to go ahead without investigation by the Competition Commission first.… Continue reading Johnston Considers Requesting Regulator Approval For Trinity Papers Acquisition

WPP is thought to be waiting to have a look at the interim financials of UK media planning and buying agency Tempus before deciding whether or not to proceed with its 555p per share takeover plan (see Tempus Confirms WPP Offer). WPP is now in a position to seal the deal unchallenged, following the withdrawal… Continue reading WPP Waits On Tempus Results Before Making A Move