ABN AMRO has cut its EBITDA forecast for BSKyB by £25m in reponse to slower advertising growth and lower wholesale revenues, increasing predicted pre-tax losses from £158m to £188m. Advertising forecasts have been cut £18m, or 6%, although a 14% growth is still expected, to £274m. Wholesale revenue forecasts have been cut by £8m to… Continue reading ABN AMRO Makes

Dow Jones, publisher of the Wall Street Journal newspaper, yesterday said that the advertising conditions remain weak, with print ad revenues declining by 20.9% during Q1 to $236.1 million. Print hit by ad decline The company reported Q1 operating income down 59% at $12.3 million and revenues down 14.6% at $392.9 million. Ad lineage at… Continue reading Dow Jones Figures Hit By Continued Poor Advertising, Outlook Pessimistic

Global market information group, Taylor Nelson Sofres (TNS), has acquired the business and assets of Elrick & Lavidge Marketing Research (E&L), a US customised research company. E&L specialises in the consumer, financial services, IT and telecoms industries, as well as being a leader in mystery shopping research, says TNS. E&L is currently owned by advertising… Continue reading Taylor Nelson Buys US Research Group From Aegis

US newspaper groups are about to start posting their Q1 2002 financial results, offering an indication of how the sector has started the year from an advertising point of view and what the outlook for the coming months is likely to be. A recent report in Editor and Publisher found that revenue levels for February… Continue reading Insight Analysis: An Upward Tilt In US Advertising?

Newsprint costs in the US are set to fall in 2002, according to forecasts from Merrill Lynch. The broker says that costs will drop by 16.5% this year, boosting newspaper companies’ operating margins. However, newsprint costs are expected to rise by 23% in 2003. As a result, Merrill Lynch is modelling for an average 10-12%… Continue reading Newsprint Costs To Fall In 2002 But Rise In 2003

The New York Times has settled a lawsuit with the National Basketball Association after agreeing to sell photographs of NBA games taken by NYT photographers and providing promotional benefits to the association. Additionally, the New York Times will display the NBA.com logo on NYTimes.com and in print and offer a direct link from its online… Continue reading New York Times Settles Lawsuit

Prohibitively high costs and a lack of awareness of the benefits will lead to slow broadband take up in Europe, reports Jupiter MMXI. Currently the average cost of broadband connection in Europe is over £125 and the average monthly subscription is around £30, Jupiter predicts that only around 14% of European households will have a… Continue reading Jupiter MMXI Reports That Broadband Take Up In Europe Will Be Slow

ONdigital owners Carlton and Granada are expected to announce spending cuts at the digital broadcaster when they reveal the latest subscription figures in two weeks time, according to a report in today’s Daily Telegraph. At present the company is spending around £3m every year thanks to the heavy subsidies on set-top boxes. Yesterday ONdigital’s chief… Continue reading Carlton And Granada May Implement Spending Cuts At ONdigital

French radio group NRJ may be winding up to its first move into the UK radio market, according to a report in today’s Financial Times. The paper says that NRJ’s founder and chairman, Jean-Paul Baudecroux, believes he could teach a thing or two to the UK’s radio operators. It speculates that Chrysalis Radio is the… Continue reading France’s NRJ Reported To Be Considering UK Radio Move

Anglo-Dutch publishing group Reed Elsevier this morning said that the slowing of the US economy is impacting its business to business operations, although it believes the effects are ‘manageable’. The group said that its science, medical, legal and educational businesses are are largely unaffected by conditions in the US. Chairman Morris Tabaksblat told the company’s… Continue reading Reed Elsevier Optimistic Despite Impact Of US Slow-Down