Shares in the broadcasting sector took a slump this morning as reports claim that Granada’s financial results, due on Wednesday, will show deepening woes for ITV’s advertising revenues. The Financial Times says that ITV ad revenue is likely to be down almost 25% in July; in April revenues were down by 18.9%, according to buyers’… Continue reading Reports Predict Continued Gloom From Granada Results
ARCHIVE ▸ The Media Leader Staff
BSkyB is to close its movie division Sky Pictures. The closure of the film division, which was set up in 1998, is thought to have resulted from a strategic review focussed on costs. BSkyB also recently announced plans to cut jobs from Open, Sky Interactive and the business side of Sky News. The decision to… Continue reading Sky Pictures To Close As Part Of Cost Cutting Drive
Virgin Radio has announced the launch of a new digital radio station aimed at teenagers. The station named Liquid is billed as; ‘the first pure chart radio service for London’ and will be a music led service featuring news, information and features designed to appeal to a core teenage audience. SMG commercial development director, Lee… Continue reading Virgin Radio To Launch Liquid At Teenagers
Emap Digital Travel (EDT) has been sold to internet-based travel technology and distribution group, Online Travel Corporation (OTC) for £2.8m. Paul Keenan, chief executive of Emap Digital, explained the decision, “We have previously stated that we are focusing our online activities towards our strategically important off-line assets. We don’t have a major presence in the… Continue reading Emap Offloads Travel Websites For £2.8m
The Wireless Group this morning said that it is to sell Scot FM to the Guardian Media Group (GMG) £25.5 million in cash and loan notes. Scot FM Limited owns just one licence and broadcasts across the central belt of Scotland as Scot FM. It was attained by Wireless Group as part of the acquisition… Continue reading Wireless Group Sells Scot FM To Guardian Media For £25.5m
Forrester claims that a pattern is emerging whereby net users who have received gifts ordered online go on to use the service themselves creating a ‘gift spiral’ and thus increased success for online retailers offering such services. As a result of such activity, Forrester believes that the online gift market could be worth as much… Continue reading “Gift Spiral” Will Boost Online Sales, Says Forrester
IDC forecasts that a ‘blistering’ compound annual growth rate of 89% will propel application service provider (ASP) revenues despite the many challenges that the industry has had to overcome. Predicted Revenue Growth Within ASP Market. 2000 2005 Worldwide $986m $24b Western $93m $57m Source: IDC “Despite the well-publicized challenges facing the ASP… Continue reading IDC Forecasts Healthy Growth For ASP Market
According to a new report, “Europe Looks Beyond th Banner Ad”, the Yankee Group predict that online advertising revenue in Western Europe will rise from $1.5 billion in 2001 to $4.2 billion by 2006. During this time, banner ads are predicted to decline in popularity and the proportion of banner ads to all online advertising… Continue reading European Online Advertising Market To Quadruple
Teletext has launched the first instant messaging service to run over an iTV channel. The service, developed by Mobillion, is called mtxc Chat and will be launched in association with Vodafone. Users will send SMS messages to a TV platform to be viewed in real time and exploits the popularity of both interactive TV and… Continue reading Teletext Chat Will Boost iTV Popularity
According to the Henley Centre, the average person lost two hours of their leisure time to work between 1992 and 1998, leaving less opportunity for media consumption. Road congestion is getting heavier, meaning more time sat in the car and less at home and when people do sit down in front of the telly or… Continue reading Insight Analysis: ‘Passive’ Media Benefit From Ad-Fatigue