The advertising and public relations market place remains ‘very weak’ according to a trading statement from Chime Communications posted this morning (see Chime Sees ‘Very Weak’ Market Conditions). H1 revenues to be 10% down Recent trading is showing some signs of improvement, but against the background of a weak start to 2002 management’s current expectation… Continue reading H2 Advertising And Marketing Recovery ‘Slower Than Expected’, Says Chime
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Chrysalis Group this morning said that it “would be premature to herald a return to growth for UK advertising revenue as a whole”, despite the fact that its radio division reported strong revenue growth in March and April of 24%. This compares with a 12% decline over the same period of the radio industry as… Continue reading Chrysalis Sees Improving Radio Revenues, But Assumes No Full Year Positive Growth
According to the latest figures from NetValue, 1.5 million under 17s are now connected to the internet at home which represents a 44% increase in the last six months and the UK now has more under-17 net users than any other European country. Under 11s account for 249,000 users in the UK whilst 1,236,000 users… Continue reading One In Nine UK Teens Online At Home
The development of multimedia messaging services (MMS) is to surge during 2002 following the signing of a number of major contracts between mobile phone operators, according to a new report from Ovum. Mobile operators are keen to develop MMS after the phenomenal success of SMS, or text messaging, which now accounts for up to 10-15%… Continue reading MMS Is A Key Development For Mobile Operators, Says Ovum
Reed Elsevier’s acquisition of Harcourt General is to be allowed by the Department of Justice in the US, the company announced this morning. Outside the United States, the acquisition has already received clearance from the competition authorities in Germany, Austria and Ireland and now awaits regulatory clearance only from the UK’s Competition Commission (see Reed… Continue reading US Clears Reed’s Harcourt General Acquisition
US media group Liberty Media has regained its majority shareholding in UK cable company, Telewest Communications. At the end of last week Liberty bought a further 20 million shares in Telewest for around £30 million. Liberty’s arrangements with Microsoft and MediaOne mean that they are also effectively stakeholders in Telewest, with a combined stake of… Continue reading Liberty Regains Majority Holding In Telewest
Global marketing communications group, Cordiant, has today announced the acquisition of broadcast public relations consultancy Bulletin International, for an initial consideration of £2.9 million. Bulletin is headquartered in London and has operations in Hong Kong, New York and Singapore. Its services include strategic counsel, media relations, editorial media planning, editorial content production and media training.… Continue reading Cordiant Acquires Broadcast PR Group
United Business Media (UBM) has cut its online investment for the current year from the planned £45 million to no more than £30 million. It blames the ‘current market conditions’ for the investment cuts, notably the downturn in high-tech advertising in the US. Given these cutbacks, along with growth in News Distribution and Market Research… Continue reading UBM Cuts Online Spend During Hi-Tech Advertising Slowdown
There has been a flurry of speculation over recent months about a knock-on effect of the US economic slowdown for the UK and the rest of Europe. Certainly media companies are starting to tighten their belts, if only as a precautionary measure. The downturn in the US is now clear and present; here in the… Continue reading Insight Analysis: Is The UK Economy About To Tumble?
ISMM, the near-bankrupt sports marketing agency which is responsible for selling the broadcasting rights to the next two World Cup competitions, has been given a reprieve with the news that French media group Vivendi plans to acquire the business. Vivendi has one month to finalise the acquisition – expected to be worth around €100 million… Continue reading Vivendi To Save ISMM