American publishing giant Gannett has confirmed its intention to join the long list of potential bidders vying to take control of the Daily Telegraph from beleaguered Hollinger International. Gannett, which owns UK regional newspaper publisher Newsquest, is understood to have told analysts in New York that it is examining a number of assets that would… Continue reading Gannett Considers Telegraph Swoop
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The Daily Mail & General Trust (DMGT) says that national newspaper advertising revenues have begun to increase, although it remains too early to call a turnaround in the market. The group’s Associated Newspapers, which houses the Daily Mail, Mail On Sunday, Evening Standard and Metro titles, saw display advertising increase by 5.4% in the five… Continue reading DMGT Sees Good First Half, But Markets Still Volatile
Less than one-third of US households with dial-up internet access are interested in upgrading to broadband in the next twelve months, suggesting a significant decline in the broadband subscriber growth rate. This is according to Parks Associates’ Trends In US Broadband Adoption report, which finds that whilst almost half of dial-up users were inclined to… Continue reading US Broadband Uptake To Slow, Says Parks Associates
Three of the UK’s largest media owners have joined forces to promote their platforms to advertisers in an effort to increase cross-media advertising in the youth and entertainment market.IPC Media, Capital and Viacom all hope to increase advertiser take-up of cross-media campaigns by pooling their planning, creative ideas and media delivery capabilities to offer added-value… Continue reading Media Owners Team Up For Cross-Platform Deal
Chancellor of the Exchequer, Gordon Brown, stood up at 12:22pm to reveal his tax and spending plans for the next year. Key points of the 2004 Budget are as follows…Mr Brown said since 1997 Britain has sustained growth through two economic cycles without suffering the “all British disease of stop go”.Britain has enjoyed the longest… Continue reading Budget 2004 Coverage – The Chancellor’s Speech Live
ITV and ZenithOptimedia UK have developed a new airtime sales initiative designed to encourage viewers to pay more attention during key commercial breaks on ITV1.The initiative will be used to promote the launch of a new banking retail system to safeguard against credit-card fraud. The chip and PIN system will encourage consumers to key in… Continue reading ITV Sales And Zenith Launch New Airtime Initiative
GWR Group has increased its stake in Digital Radio Group (DRG), the third London digital multiplex, from 23.6% to 30.2%, it announced this morning. It has increased its holding through the £3.3 million acquisition of shares from Clubmend, Asian Sound and Matsushita Electric Europe. GWR provides a range of digital services on DRG through its… Continue reading GWR Raises Stake In London Digital Multiplex
The UK economy grew by 2.3% during 2003, according to Chancellor Gordon Brown, who delivered his eighth Budget this afternoon. Brown claims that the country is witnessing its longest period of economic growth since the Industrial Revolution. The Chancellor is maintaining his forecast of 3-3.5% economic growth for 2004 and 2005. Along with the US,… Continue reading Britain Enjoys Longest Economic Growth In 200 Years, Says Brown
Regional newspaper group, Johnston Press, has posted a 38% rise in 2003 profits to £128.0 million. These include the first full-year contribution from Regional Independent Media (RIM), which Johnston acquired in 2002. The group says that like-for-like advertising revenues grew by 3.8%, with a rise of 3.0% in H1 followed by 4.6% growth in H2.… Continue reading Johnston Press Sees ‘Superb’ Year In 2003
Pan-European broadcaster, RTL Group, moved back into the black in 2003, as pre-tax profits rose from 2002’s â‚Ź56 million loss to a profit of â‚Ź14 million this time. The group owns 65% of the UK’s Five, which reported positive earnings for the first time since its launch in 1997. In a broadly weak television advertising… Continue reading RTL Is Back In Black As Five Performs Well