Evidence of growth in the European digital TV market is reflected in interim results from Pace Micro Technology which show the company to be operating profitably again. A slump in sales of set-top boxes resulted in pre-tax losses of £16 million in the last financial year (to May 31 2003) (see Pace Sales Dip 40%… Continue reading Pace Rides The Digital Wave
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The Wireless Group (TWG) has reached a deal that will see it consolidate its influence over digital broadcasting in London. Kelvin MacKenzie’s radio company has acquired a 10% stake in DRG, owner of the London III digital multiplex licence, from Matsushita Electric Europe, a subsidiary of Panasonic. TWG already has a 23.58% shareholding in DRG… Continue reading Wireless Group Expands Commitment To Digital Radio
US householders planning to install a home network in the next year are more likely to use different media functions than those currently networked, according to a survey by the NPD Group. Some 28% of respondents claimed to have home network systems and of those people, 33% said they would like to share personal media… Continue reading Home Network Services In Demand, Says Report
Almost half of US online households with an annual income in excess of $75,000 have high-speed internet access, according to a survey conducted by Knowledge Networks/SRI. The poll, conducted in August and September 2003, is the latest study to show a link between wealth and broadband connectivity. It is reckoned that 49% of affluent internet… Continue reading Wealthy Webheads Embrace Broadband Services
There will be 4% growth in UK television advertising in 2004, with ITV set to take 50.2% of the commercial market, according to forecasts from Merrill Lynch. Judging from recent comments by Mick Desmond, Chief Executive Designate of the network, the year is shaping up to be an eventful one for TV executives. ITV saw… Continue reading ITV Advertising Outlook From Merrill Lynch
Tim Schoonmaker, the Emap radio chief executive who resigned suddenly last week, is planning to team up with venture capital companies to bid for radio groups in the newly deregulated market place. Schoonmaker, who ran Emap’s radio and digital television operations, announced his intention to step down last week, in a move that caused surprised… Continue reading Emap Radio Boss Linked To Venture Capital Groups
US shoppers spent a record $18.5 billion online during the 2003 holiday season, according to the latest eSpending Report from Goldman Sachs, Harris Interactive and Nielsen//NetRatings. This figure, which does not include travel, is 35% higher than the $13.7 billion outlay recorded for November and December 2002 and indicates growing customer demand for ecommerce. “Online… Continue reading Online Santa Delivers The Goods In Record Style
Despite having recently cut its 2003 radio advertising growth forecast, Merrill Lynch is confident that the the next twelve months will bring strong growth with revenues expected to increase by more than 8%. The broker reacted to November’s 4% drop in US radio advertising revenues by cutting its full-year growth projection from 1.6% to 1.5%… Continue reading 2004 Radio Recovery To Be ‘Back-End Loaded’, Says Merrill Lynch
More than 50 million homes in Europe, the US and Asia will have Wi-Fi access by 2007, according to research by BWCS. At the end of 2003, there were around 80 million broadband households worldwide, compared to just 5 million Wi-Fi-enabled homes. Most networks are located in the US and the market leader will account… Continue reading Home Wi-Fi In The Ascendency
Encouraging sales of magazines should enable Future Network, the international publisher, to post an increase in revenues for 2003, the company said today. Future stated that trading patterns had remained positive in the final months of the year and annual turnover is expected to exceed that for 2002 by 11%. In a statement today, the… Continue reading Future Network Stays On Track