By 2006, there will be nearly 250 million mobile subscribers in the United States, according to “US Cellular Market Forecast 2001 – 2006”, a report by Strategy Analytics. Handset purchases are forecast to top 154 million by this date and penetration is forecast to reach 50% of the population by 2002. New equipment and services… Continue reading US Mobile Users Will Top 250 Million In 2006, Says Strategy Analytics

Pre-tax profit at United Business Media (UBM) was down by 48% year on year for the six months to 30 June 2001, impacted by the downturn in hi-tech advertising revenues at its CMP Media publishing business in the US. Interim profits came in at £71.7 million, way below the £137.8 million of last time. Revenues… Continue reading Profits Halve At UBM After US Hi-Tech Advertising Slump

New research from Jupiter MMXI reveals the value of online teens to European marketers. Currently, teenagers represent 12% of the European online population and are spending a significant and increasing amount of their time online. In June 2001, 12 – 17 year olds in Europe spent nearly 8 hours online representing an increase of 2… Continue reading European Teens Are A Valuable Audience For Online Marketers, Says Jupiter

Commercial radio has fought back in share of listening, according to RAJAR figures released this morning. All Commercial saw a quarter on quarter increase in percentage share of 0.6 percentage points, while All BBC saw a drop of 0.8 percentage points, although it still leads the field. Local Commercial also had a healthy quarter in… Continue reading Quarterly Gains For UK Commercial Radio

GWR Group has restructured its internet operations in a move which will make annual cost savings of around £1.3 million. The move will also see a restriction in the ‘speed of development’ of koko.com, the group’s regional information and enterainment portal. GWR says it will now concentrate resources on its localised directories and radio station… Continue reading 46 Jobs Go As GWR Restructures Internet Operations

Regional Independent Media (RIM) has said that it is not interested in being split up by a consortium and that it intends to take its business public if no other suitable offers are received. These comments come after Gannett, US publishing giant and owner of Newsquest in the UK, had made moves on RIM as… Continue reading RIM Confident On Outlook And Independence

Use of the internet in the US is starting to eat into consumers’ use of other media, with 20-24% of respondents to a Content Intelligence survey claiming to have cancelled subscriptions to magazines since they started using the Net. The survey shows that the Web rapidly becomes the favourite source for both personal and special… Continue reading Net Usage Hits Other Media, With Newspapers Least Affected

Following the release by BSkyB of Sky+, a new integrated personal video recorder, Datamonitor foresees rapid uptake of new set top boxes across Europe. Datamonitor predicts that by 2005, 48% of set top boxes will include PVR technology. 42% of households with digital TV are also forecast to have more than one set top box… Continue reading A New Era For Set-Top Boxes Dawns, Says Datamonitor

Granada has today completed the acquisition of the Border Television ITV franchise from Capital Radio, the two groups have announced. Granada has paid £50.5 million for the business. Capital Radio acquired Border TV in May 2000, comprising the three Century-branded radio stations and the Border Television ITV franchise. The acquisition enhanced Capital Radio’s strategy of… Continue reading Granada Acquires Border TV From Capital Radio

Yesterday’s interim results from Pearson caused the share price to fall heavily during the day, but after the company made some reassuring noises, stock picked up again to close up 49p at 1,087p. During this morning’s trading, however, demand has weakened and the shares were down by 24p at 1,063p by 11:00am. The results showed… Continue reading Pearson Financial Results – Reaction