Regional newspaper publisher Newsquest has reported strong revenue growth, despite the challenges of a possible UK advertising slowdown and the impact of the foot and mouth epidemic. Parent company Gannett yesterday announced that advertising at Newsquest was benefiting from strong growth in classifieds. Recruitment has seen 25% growth and property classifieds reached double digit growth… Continue reading Newsquest Defies Difficult Environment To Produce Q1 Revenue Growth

The administrator handling ITV Digital has this morning announced that no new offer has been made to the Football League in lieu of the £89.25 million owed by ITV Digital to the League in August (see Football League Battle With ITV Digital Continues). In a statement, the administrator said “The shareholders are re-evaluating the business… Continue reading No New Offer From ITV Digital For League To Consider

Advertising markets in the UK have yet to show substantive signs of recovery and Q1 2002 has shown modest year on year falls in advertising across a number of media sectors. This is according to SMG, which operates businesses across the television, radio, press, outdoor and cinema media. Reporting its year-end financial results this morning… Continue reading Return To Traditional Media Buying Patterns Seen By SMG

SMS text messages currently account for 12% of European mobile operators’ revenues and this revenue will peak next year, according to a new report from Forrester Research. “Mobile operators are right to exploit SMS’ full potential now,” said Forrester analyst Michelle de Lussanet. “Forrester’s five-year forecast for mobile messaging shows that SMS revenue will peak… Continue reading SMS Revenues And Volumes Will Peak In 2003 And Stagnate In 2004, Says Forrester

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