According to the recent report Online Teen Spending, 2001, Datamonitor forecasts that by 2005 teenagers will spend up to $10.6 billion online, a rise from $483 2000. The survey looked at teenage spending online in seven EU countries and the US and found that online penetration amongst teenagers was often higher than amongst the population… Continue reading Teenagers Will Spend $10.6 Billion Online In 2005, Says Datamonitor

New research reveals that 40% of web surfers will visit a news or information site more often if its pages load faster and advises that companies should worry less about spending lots of money on the latest web design technology, as this will not increase user levels. According to the Jupiter Research Web Enterprise report,… Continue reading Technology For Technology’s Sake Doesn’t Necessarily Build Website Use, Says Jupiter

New media advertising is set to boom over the next few years, despite its rocky fortunes in the last 18 months. Market researchers Allegra Strategies forecast that while the difficult market will mean a downturn this year, the average rate of growth for the next few years for new media ad revenues will be 51.8%… Continue reading New Media Ad Revenue To Rise

The number of UK homes with multi-channel TV has reached the 10 million mark according to the latest figures from the British Audience Research Bureau (BARB). The figures show that 41% of the UK’s 24,458,000 TV households now have multi-channel TV and that almost 28 million individuals throughout Britain have access to multi-channel services. The… Continue reading 10 Million UK Homes Have Multi-Channel TV

The European Commission (EC) has granted clearance for the proposed takeover of UK advertising and communications group, Tempus, by French agency Havas Advertising (see Havas Moves In On Tempus). The EC said that the takeover “does not raise any competition concerns in the markets for marketing communication services or media buying.” Havas’ activities include general… Continue reading EC Clears Proposed Takeover Of Tempus By Havas

Publishing group Highbury House Communications (HHC) said that consumer advertising levels have been resilient in the first half, but that there has been a slowdown in newsstand sales. Nevertheless, pre-tax profit for the six months to 30 June rose by 101% to £3.4 million. The results include the performance of all acquisitions made last year,… Continue reading Highbury House Will Close Titles That Do Not Meet Targets

The £25.5 million sale of Scot FM to the Guardian Media Group (GMG) in June (see Wireless Group Sells Scot FM To Guardian Media For £25.5m) has helped push Wireless Group into profit for the six months ended 30 June 2001. The £22.5 million profit from the disposal nudged pre-tax profit up to £5.0 million;… Continue reading Scot FM Sale Boosts Wireless Group Profits

Nielsen//NetRatings reports in its Internet Ratings Report for July 2001 that Internet growth in US homes grew by 63% in the past two years. The US online population increased by 16% in the period from July 2000 to July 2001. Growth for the period 1999 to 2000 was 41%. “Despite a troubled economy and slumping… Continue reading US Internet Penetration Shows Strong Growth

Deutsche Telekom AG has sold its remaining six German cable regions to US company media company, Liberty Media Corporation. The sale is part of Deutsche Telekom’s strategy of focusing on its four main corporate divisions – mobile communications, internet communications, systems solutions and network access services – and spinning off its non-core assets, the company… Continue reading Deutsche Telekom Sells German Cable Regions To Liberty Media

Independent News & Media (INM) this morning reported that its pre-tax profits fell by 17.2% to E56.6 million during the six months to 30 June. The group, which publishes the Independent national newspaper, says that the drop is due to adverse currency movements, exceptional start-up costs, investment in a new Irish print facility and costs… Continue reading Independent News & Media Sees Profits Fall 17%