Michael Grade bemoaned ITV’s lack of innovation as the broadcaster announced a decline in full-year pre-tax profits from £311 million to £288 million.In a financial statement released today, Grade said: “There is a lack of innovation in our programming, partly resulting from a fear of ratings failure and the punitive consequences that follow under the… Continue reading Grade Says ITV Lacks Innovation As Profits Decline
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Virgin Media is offering discounts to customers thinking of ending their contracts following the dispute which saw Sky’s basic channels removed from the cable platform.Disgruntled customers will be offered discounts on a case by case basis, according to reports in the trade press, with the XL TV package expected to see a discount of around… Continue reading Discounts For Virgin Media Customers
Former Radio 1 DJ Mark Goodier is joining Smooth Radio to present the station’s mid-morning show from March 26.GMG Radio’s Smooth FM changes its name to Smooth Radio on March 26 and Goodier is just one of several presenters lined up for the relaunch (see Collins Goes From Virgin To Smooth).He will be on air… Continue reading Mark Goodier To Join Smooth For Relaunch
ITV has announced that its full-year pre-tax profits slipped from £311 million to £288 million. Turnover for the year to 31 December 2006 was £2.18 billion, compared to £2.19 billion in 2005. Digital channels showed strong growth, with revenue up 41% at £157 million, partly offsetting ITV NAR down 12% at 1.28 million. ITV content… Continue reading ITV’s Profits Decline
Johnston Press has announced that its 2006 pre-tax profits were down 6% to £146.7 million. In a statement released today, the Edinburgh based group said that revenues this year would be similar to those recorded for 2006. Digital revenues at he publisher were up 36% to 11.3 million for 2006. However, it also said that… Continue reading Johnston Press Sees Profits Fall
Aegis has announced that it will hold an extraordinary general meeting on Wednesday 4 April to vote on Vincent Bollore’s nominations to the board. The Aegis board has again advised shareholders to vote against Bollore’s nominations, having seen off two previous attempts to gain representation on the board (see Bollore Fails Again In Aegis Board… Continue reading Aegis Announces EGM Date
The twenty largest cable and telephone providers in the US, who represent about 94% of the market, achieved record high-speed internet additions in 2006, according to new research from Leichtman Research Group (LRG). LRG says that combined net additions for the year totaled over 10.2 million subscribers – a total that exceeded the previous record… Continue reading 2006 Was Record Year For US High-Speed Internet
ComScore Networks has announced that 747 million people, age 15+, used the internet worldwide in January 2007, a 10% increase versus January 2006. Among the top 15 countries (ranked by penetration), internet audiences in India, the Russian Federation and China increased the most in 2006, growing 33%, 21% and 20% respectively. China now represents the… Continue reading Worldwide Internet Usage Increases
The number of video game consoles in US television households has expanded by 18.5% since the fourth quarter of 2004, according to a new report from Nielsen Wireless and Interactive Services, a service of The Nielsen Company. In the fourth quarter of 2006 there were 45.7 million homes with video game consoles, representing 41.1% of… Continue reading Number Of Games Consoles In US TV Households Increases
On-portal mobile game revenue grew 61% year on year to $151 million in Q4 2006, according to new research from Telephia. Nearly 17.4 million mobile customers downloaded a mobile game last quarter, up 45% from a total of 12 million downloaders a year ago, says Telephia. On-portal mobile game revenues also account for 74% of… Continue reading Mobile Game Revenue Increases