Online advertising sales company, DoubleClick, yesterday posted a bleak outlook for the sector’s short-term future as it unveiled its first-quarter financial results. Whilst the results themselves were slightly above analysts’ expectations, the group’s outlook was more negative than had been anticipated. DoubleClick said that it generated global media revenue for the first quarter of $46.1… Continue reading DoubleClick Offers Bleak Outlook For Online Ad Market

Hollinger International, owner of the Daily Telegraph, is on the acquisition trail, according to a story in the Financial Times. The paper says that the Canadian company has a warchest of around C$1 billion and could be looking to spend it over the next twelve months. The FT cites Trinity Mirror and Regional Independent Media… Continue reading Hollinger Set For Acquisitions, Says FT

UK online advertising revenue was for the first time greater than revenue to cinema during 2000, according to a new survey from the Internet Advertising Bureau (IAB) and PricewaterhouseCoopers. The survey shows that internet advertising – in the UK at least – is continuing to grow at a faster rate than any other media previously.… Continue reading UK Online Revenue Overtakes Cinema In 2000

Wall Street Journal publisher Dow Jones has turned in financial results at the bottom end of its already reduced predictions, citing a slowdown in the advertising market for the poor performance. The US publishing group last month said that earnings of 16 to 20 cents a share were likely (see Dow Jones Is Latest Publisher… Continue reading US Publishers Cut Jobs As Ad Revenue Slows

Ulster Television has completed its IR£17.3 million acquisition of 60% of County Media, a radio broadcasting business based in Cork, Ireland (see Ulster Stock Rises On Positive Results). County currently operates three independent local radio stations in Cork – 96FM in Cork City, 103FM in North Cork and 103FM in West Cork. Since launching over… Continue reading Ulster Completes County Media Acquisition

(This page will refresh itself every 30 seconds) The Chancellor rose at 3.31pm. New child tax credit available for families with incomes up to £58,000. Growth target for 2002 of 2-2.5%; 3-3.5% for 2003 and 2-3.5% for 2004. Budget surplus this year is £3 billion. Public sector borrowing requirement (PSBR) is £11 billion. Research and… Continue reading Budget 2002 Coverage – The Chancellor’s Speech As It Unfolds

Independent News & Media this morning released preliminary full year results for 2002 which reveal a slump in the company’s profits in what it describes as a ‘difficult’ year. Pre-tax profits fell to £38 million, compared to £95 million in 2000, turnover also fell slightly on 2000 totals. The company said that despite the difficulties… Continue reading Independent Reports ‘Robust’ Performance As Profits Slump

UK online advertising revenue was for the first time greater than revenue to cinema during 2000, according to a new survey from the Internet Advertising Bureau (IAB) and PricewaterhouseCoopers. The survey shows that internet advertising – in the UK at least – is continuing to grow at a faster rate than any other media previously.… Continue reading UK Online Revenue Overtakes Cinema In 2000

The fate of ITV Digital looks set to be decided following a High Court meeting this morning at which the company’s administrator – Deloitte & Touche – confirmed that it is preparing the business for sale. Following weeks of negotiation with the Football League (see Football League Battle With ITV Digital Continues) – still ongoing… Continue reading ITV Digital Prepared For Sale As One Week Of Talks Remains

A series of ‘hidden liabilities’ scuppered rescue plans made by investors to save the Kirch media group from insolvency according to press reports. Investors including Rupert Murdoch and Silvio Berlusconi withdrew offers of funding following the emergence of hidden liabilities – most notably an E150+ arrangement with Leo Kirch’s son Thomas – within the group’s… Continue reading Kirch Investors Abandon Rescue Plans