John Chambers, CEO of US technology company Cisco Systems, has warned that the economic downturn there will continue to the end of this year and maybe longer. He said that his company had just experienced the fastest deceleration period ever prior, to the issue of a profits warning recently.

Publishing company Highbury House Communications today offered a cheerful outlook for the year, saying that 49% of its budgeted advertising sales have already been achieved. The consumer and trade magazine group says that it had only a small exposure to the dotcom boom last year and so is not experiencing the downturn that many other… Continue reading Highbury House Starts Year Well

Global marketing and media communications group, Tempus, this morning said that it achieved record financial results and net new business wins during 2000. Pre-tax profit at the group grew by 29% to £21.5 million, whilst revenues rose 64% to £151.3 million. During the year Tempus secured record new business wins worth £594 million – a… Continue reading Tempus Announces Record Results And Repositions As ‘The Agency Of The Future’

Shares in Ulster Television jumped this morning as it announced a strong set of financial results and said that it expects to return to better growth in the second half of this year, following a sluggish ratings period at ITV. Ulster also said that it plans to bring its internet business into profitability in the… Continue reading Ulster Stock Rises On Positive Results

Recent forecasts from IDC suggest that Japan’s online population may grow to more that 104 million by 2005. ICD also forecast that this rise will be mainly due to the increase in mobile phones to access the net. In 2000, Japan’s internet audience stood at around 39.8 million people, just over 30% of the population,… Continue reading Japan’s Online Population Will Hit 104 Million by 2005

Regional newspaper publisher Johnston Press yesterday reported better than expected year-end financial results and offered an optimistic outlook for the coming year (see City News). This goes against the current trend of profits warnings and an advertising downturn. The Times commended the management of Johnston for the ‘sensible and limited’ way in which it has… Continue reading Johnston Press Financial Results – Reaction

SMG has increased its interest in Scottish Radio Holdings (SRH) once again, this time acquiring a further 150,600 shares in the company – equivalent to a 0.5% stake. The £2.3 million deal values SRH shares at 1,495p and takes SMG’s holding to 28.5%.

Adam Singer, chief executive of cable company Telewest Communications, this morning described events in the last twelve months as the business equivalent of ‘changing jobs, getting married and giving birth all in one year.’ He was referring to Telewest’s move from analogue to digital, the merger with Flextech and the roll-out of its unmetered high-speed… Continue reading Telewest Chief Sees Rosy Future Despite £701m Losses

A new study by the Innovation International Media Consulting Group for the World Association of Newspapers (WAN) claims that newspapers which take their classified advertising onto the Web do not lose print revenues. The study looked at online classified advertising predicted that for the foreseeable future, print classified will remain a mainstay of the newspapers’… Continue reading Newspapers Are Not Suffering Due To Online Classifieds

ABN Amro has downgraded its recommendation of European broadcaster RTL from Hold to Reduce this morning, following the release of the group’s year-end financials results (see RTL Says 2001 Earnings Will Be Flat In Current Ad Climate). The broker says: “For the first time a European broadcaster has admitted that there will be no H2… Continue reading ABN Downgrades RTL