Internet and ebusiness solutions company, Bright Station, has this morning announced that it cannot afford to maintain its current rate of expenditure and that it is to radically restructure its operations. Bright Station is attempting to gain additional funds in order to secure its financial position. At the end of March it had £7.4 million… Continue reading Bright Station Seeks Funds As Cash Runs Out

Former ITV chief executive Richard Eyre may be in line for the same position at media group EMAP, if reports in this week’s Independent On Sunday are correct. The paper cites unnamed industry sources as saying that Eyre is in line to replace Kevin Hand who is expected to step down once EMAP’s US business… Continue reading Eyre Reported To Be In Line For Top EMAP Post

AOL Time Warner and NTL are in discussions to form a distribution partnership, according to a report in today’s Financial Times. The paper says that AOL Time Warner – the world’s largest media company, with a host of on- and offline interests – may strike a deal with NTL to give its content broadband distribution… Continue reading AOL Time Warner And NTL In Talks, Says FT

Television is holding its own as an effective and memorable advertising medium, despite the entry of new methods into the market. A survey released today by the Chartered Institute of Marketing (CIM) has revealed that TV adverts are most likely to be seen, remembered and enjoyed of all forms of advertising. CIM’s Claire Forbes commented,… Continue reading TV Still On Top For Ad Effectiveness, Says Survey

The Ecommerce Times reports that dotcom layoffs in the US reached a new peak in April after two months of declining lay offs in February and March. In total, there have been 51,564 dotcom job cuts in the first four months of this year and a leading recruitment company in the US, Challenger, Gray &… Continue reading US Dotcom Layoffs Rise Again In April

According to a new survey by Which? magazine, almost 6m Britons now shop online despite concerns over security. Many consumers still worry about credit card misuse despite efforts by the government and groups such as Which? to allay consumers’ fears. Which? is to publish a list of online traders which it hopes, along with kitemarks… Continue reading Online Consumer Spending: March Round Up

A recent study by Forrester Research has found that, whilst the web is a valuable source of information for job seekers, most are merely browsing and will use conventional media when actually applying for positions. “Nearly two-thirds (61%) of UK Internet users who work full time and plan to look for a new job in… Continue reading Job Seekers ‘Not Fully Interactive’ On Web, Says Forrester

Future Network has this afternoon announced the closure of both its loss-making German operation and the European editions of internet business magazine Business 2.0. Future Verlag GmbH posted losses of DM20.5 million (£6.4 million) on revenues of DM22.5 million last year. Losses for the current year, prior to the closure, are expected to be DM9.4… Continue reading Future Closes German Business And European Business 2.0 Editions

The Wireless Group has this morning reported like for like turnover up 12% to £29.4 million for the full year and up 22% for the first quarter of 2001. Q1 operating costs, before digital expenditure, are down by 12% like for like. However, loss for the financial year grew from £27.5 million last time to… Continue reading Wireless Group Grows Turnover And Reduces Costs

United Business Media (UBM) and BT have this morning announced the immediate sale of their jointly-owned portal and internet service provider (ISP), LineOne, to Tiscali S.p.A, an Italian telecommunications company. Tiscali is paying €100 million (£63 million) for the LineOne business; €20 million in cash and the rest in around 5.4 million Tiscali shares. In… Continue reading UBM And BT Sell LineOne For £63m