Newspaper publisher, Pearson, has announced the departure of its chairman, Lord Dennis Stevenson, who is set to retire after nearly 20 years heading the company.The company’s adjusted pre-tax profits fell from £410 million in 2003 to £386 million in 2004, with the company citing a decline at its book publishing arm, Penguin, as the main… Continue reading Pearson Papers In The Pink As Stevenson Steps Down

Text messaging performed strongly in January 2005, with 2.5 billion sent during the month, overtaking December’s total and making a new record, according to figures released today by the Mobile Data Association (MDA).Person to person texts sent across the UK GSM network operators last month rose by 15.7% on the same period last year, with… Continue reading January Breaks Record For Texts Sent

The Wireless Group could soon be sold to the highest bidder, if reports this morning are to be believed, with investment bank Goldman Sachs reported to be preparing an auction of the company despite a failed management buyout last week.According to The Times, Goldman Sachs is advising the broadcaster following the distribution of a “sale… Continue reading Wireless Group Preparing Buyout Auction

The Wireless Group could soon be sold to the highest bidder, according to reports this morning, with investment bank Goldman Sachs reported to be preparing an auction of the company despite a failed management buyout last week. According to The Times, Goldman Sachs is advising the broadcaster following the distribution of a “sale memorandum” last… Continue reading Wireless Group To Be Auctioned

Newspaper publisher, Trinity Mirror, is expected to announce pre-tax profits of up to £200 million for 2004, compared to £172.5 million in 2003. This total is in line with previous predictions by Trinity, after releasing a very positive trading update of its expected results for 2004 in December, revealing strong growth in all of the… Continue reading Trinity Set To Reveal £200 Million Profit For 2004

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

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

Media owners are missing out on a huge opportunity to interact and talk to consumers on the internet, according to Adam Freeman, head of commercial development at Guardian Unlimited. Speaking at Admap and the World Advertising Research Centre’s Sponsorship and Marketing Conference in London yesterday, Freeman pointed out the benefits of this vast medium for… Continue reading The Rise Of Online Sponsorship

UK TV revenue is predicted to grow by 4% year on year in 2005, according to forecasts released by media consultancy agency, Billetts. Billetts predicts television’s strong revenue growth in 2005 to be fuelled by Channel 4 and interactive revenue sales. Commercial audiences are expected to rise by 3%, led by rising multi-channel penetration. This… Continue reading Billetts Predicts TV Revenue To Lead 2005