Online retail sales in the US increased by 30% in the fourth quarter of 2003, according to new figures from comScore Media Metrix. The information firm estimates that $17.21 billion was spent on US shopping sites in the three months to the end of December. This figure includes event tickets but excludes auctions, car sales… Continue reading Internet Retail Boom Persists In Q4
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Hollinger International has called an emergency board meeting to discuss whether to block a £260 million bid by the reclusive Barclay brothers to acquire The Daily and Sunday Telegraph. It is understood that the board could meet as early as today to discuss the impact of the deal after shareholders to express their outrage at… Continue reading Dispute Grows As Barclay Brothers Move On Telegraph Titles
The Wireless Group (TWG) has increased its interest in DRG, owner of the London III digital multiplex licence, it was announced today. The radio company has concluded an agreement with the administrators of Clubmend Ltd to acquire its 6% stake in DRG. The acquisition is subject to the exercise of pre-emption rights by the shareholders… Continue reading Wireless Group Invests Further In Digital Radio Market
The outlook finally appears to be improving for UK advertisers and new research reveals a rising tide of corporate optimism that could see adspend climb to levels not seen since the dotcom boom. The IPA’s latest quarterly Bellwether report shows that the improving economic conditions have prompted more than half of all companies to increase… Continue reading Bellwether Reveals Increasing Optimism For Advertisers
US adspend rose by more than 5% during 2003, according to the latest data from Nielsen Media Research, with local media showing the strongest growth throughout the year. Nielsen Monitor-Plus, the advertising information arm of the research company, has reported that all major media categories showed a growth in adspend during the year, and each… Continue reading US Adspends Tops 5% During 2003, Says Nielsen
While there has been justifiable excitement at the growth of broadband internet access, dial connections are far from dead and service providers will need to maintain support for their narrowband customers, says IDC. In its latest study, Western Europe Consumer ISP Forecast, 2002-2007, the research group predicts that the number of consumer broadband connections in… Continue reading ISPs Warned Not To Ignore Dial-Up Disciples
Online retail spend shot up by over 70% in the UK in December as a growing proportion of consumers eschewed the busy high street in favour of internet stores for their Christmas shopping. The Interactive Media in Retail Group claims that online sales totalled £1.324 billion last month, with electrical consumer goods and alcohol among… Continue reading Festive Boost For Online Retailers
Mobile data is driving further growth in the mobile market in Western Europe, with consumers taking up ever more sophisticated applications. A report from the Yankee Group has forecast continued growth in wireless data revenue as consumers move beyond text messaging to using data content services and applications. It estimates that mobile service revenue will… Continue reading Data Services To Boost Mobile Market
Centaur Communications is to be sold and floated on the Alternative Investment Market, it has been confirmed. Numis, the UK investment bank and stockbroker is to buy the publisher and conference organiser and immediately sell it on the AIM, a process known as an accelerated initial public offering. The deal, which is said to be… Continue reading Numis To Orchestrate Centaur Flotation
SMG has taken the decision to sell its 27.8% stake in Scottish Radio Holdings to Emap in a deal worth £90.5 million. The shareholding was acquired for £150 million at the end of 2000 but SMG has opted to cut its losses and will put the proceeds of the sale towards debt reduction. SRH is… Continue reading SMG Sells Radio Stake To Reduce Debts