International media group, Pearson, has today issued its trading statement for 2004, revealing a drop in profit in the second half of the year, attributed to declines in advertising spending and paperback sales. Pearson reported that adjusted pre-tax profits fell from £410 million in 2003, to £386 million in 2004, with the company citing a… Continue reading Pearson Reports Profit Drop In 2004
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Broadband penetration in the US will reach nearly 70 billion households by 2008, with analysts eMarketer predicting that broadband households will grow at a compound annual rate of 19.4% between 2004 and 2008. eMarketer’s North American Broadband report, estimates that broadband penetration in US homes will grow from 23.1% in 2003 to 56.3% in 2008,… Continue reading US Broadband Penetration To Reach 70 Billion By 2008
January 2005 has seen 2.5 billion texts sent across the UK, overtaking December’s total and makeing a new record, according to figures released this morning by the Mobile Data Association (MDM). Person to person texts sent across the UK GSM network operators last month show an increase of 15.7% on the total sent during the… Continue reading January 2005 Breaks Text Message Record
Outspoken Wireless Group chairman and chief executive, Kelvin MacKenzie, has reignited his war of words with radio audience measurement body RAJAR, challenging it to admit its current diary system of measuring radio listenership under-reports his company’s talkSPORT station’s audience.Last year saw the radio boss and former Sun editor face RAJAR in the High Court over… Continue reading MacKenzie Reissues Audience Figure Challenge To RAJAR
Channel 4 has announced that its latest digital channel, More4, will launch in October this year, providing documentaries, daily news and current affairs in a format “more accessible and down to earth” than rival BBC4.Outlining its plans for the year in its programme policy for 2005-06, the broadcaster announced a launch budget of “around £30… Continue reading Channel 4 Sets Autumn Date For More4 Launch
AMS Media Group has become the seventeenth London-based agency to subscribe to J-ET, the UK radio industry’s online trading system which handles over 80% of all national radio revenue, and is used by all the major radio companies.J-ET is owned by the Institute Of Practitioners in Advertising (IPA) and the Commercial Radio Companies Association (CRCA)… Continue reading J-ET Expands With AMS Media Group Signing
Flextech-owned games channel, Challenge, has signed two exclusive agreements with Camelot to provide coverage of the National Lottery Daily Play Live Draw and a series of mini-programmes scheduled across the channel during peak times.The move will mark the first television broadcast of the Daily Play draw, with Challenge broadcasting the event six days a week… Continue reading Ad-Funded TV Sees Challenge Provide Lottery Coverage
Jeff Henry, UK chief executive of Hallmark TV, has left the channel after its purchase by a conglomerate group led by former chief executive of Five, David Elstein.The deal, said to be worth £127 million, saw private equity groups 3i and Providence Equity Partners back Elstein’s acquisition of the Hallmark Channel’s international operations earlier this… Continue reading Hallmark Loses Chief Exec Following Elstein Takeover
Global advertising company, WPP has announced a 15% increase in profits for 2004 to £546 million, reflecting the continued recovery of the advertising market. The second largest advertising company in the world, reported that revenue was up almost 5% to £4.3 million for last year, and that diluted earnings per share rose by over 11%… Continue reading WPP Reports Good 2004
Publishing and media group, United Business Media (UBM), has reported an increase in profit of 36.9 % up to £141.4 million for the financial year ending 31 December 2004. The group saw growth across all sections, with turnover up 8.4% to £809.6 million and operating profit up by 33.1% to £132.3 million. UBM’s operating margin… Continue reading UBM Reveals Strong Profits For 2004