IPC has surpassed the Advertising Association’s revised forecast of 2.1% growth in consumer magazine advertising revenue by revealing year on year growth of 6.9% for the last two quarters. In what chief executive Sly Bailey described as a “Solid set of interim results”, net profit before tax for the half year to March 2001 was… Continue reading IPC Surpasses Ad Revenue Expectations With 6.9% Growth
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French marketing and communications group Publicis is buying two New York PR agencies – Fabianne Gershon Associates and Hudson Stone Group – for an undisclosed sum. Fabianne Gershon handles corporate PR, whilst Hudson Stone offers an investor relations service. Analysts say that the acquisitions will help boost Publicis’ exposure to marketing services, where it is… Continue reading Publicis Buys New York PR Firms
European cable group UPC has received a â‚Ź1.0 billion cash injection from US media group Liberty Media. Nevertheless, the group has still admitted to a further â‚Ź1.0 billion shortfall in necessary funding. UPC’s parent company, UnitedGlobalCom, is currently in the latter stages of merging with Liberty Media. The deal is two to three months from… Continue reading UPC Gets £1.0bn Cash Injection, But Needs More
One of the key political battlegrounds in the approach to the 7 June general election has been the extent to which the UK should be in (and indeed out of) Europe. Whilst a number of committed EU nations are saying goodbye to their old coins and notes and beginning to embrace the Euro, the UK… Continue reading Insight Analysis: Top UK Readers Lead Euro Media Survey
Kevin Hand, chief executive of EMAP, has resigned with immediate effect, the media group announced this morning. Although the statement from EMAP did not state the reasons for Hand’s departure, it is likely that his position became untenable after the failure to consolidate the US business Petersen which he headed (see EMAP Reported To Be… Continue reading EMAP Chief Resigns As Results Come In Line With Expectations
According to new figures, many of the top UK radio stations (in revenue terms) have seen a decline in the amount spent on radio advertising year on year. Despite its audience being restricted to London, Capital 95.8fm continues to attract a larger share of advertising revenue than any other local or national station. However, figures… Continue reading Top Radio Stations See Year On Year Slide In Ad Revenue
Virgin Radio’s new media division, Ginger Online, has been renamed Virgin Radio New Media and has gained a new managing editor in the form of James Cridland. The name change has been made to align the division more closely with what the station sees as its core activities. Cridland’s responsibilities will include the expansion of… Continue reading Virgin Radio To Boost Online Division
Radio First this morning said that it has had an ‘extremely successful’ six months in which it signed carriage deals with BSkyB and secured £3.5 million of funding for the development of its stations. The company recently struck a five-year deal with BSkyB to broadcast its network of football club-related digital radio stations regionally, via… Continue reading Radio First On Target For Football Station Launches
Two recent reports from IDC have forecast a healthy outlook for ecommerce over coming years. In the first, IDC forecast that almost 1 billion people around the world will be using the Internet by 2005 and that this growth will drive ecommerce revenues to over $5 trillion by 2005, up from $354 billion in 2000.… Continue reading Positive Outlook For eCommerce, Says IDC
According to a recent report by Jupiter Media Metrix, online advertising prices will continue to fall for six months to come keeping media buyers in their strong buying position. Over the past year, prices have already fallen by 30%. In June 2000, advertisers were paying an average of e30 for 1000 page impressions, currenly they… Continue reading Online Ad Prices Still Dropping, Says Jupiter