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International media group, Pearson, today announced that improved market conditions was the driver behind profits for the first half of this year exceeding expectations to grow by 47%. Pre-tax profits for the six months to 30th June reached £2 million, up from a loss of £1 million for the same period last year, however erratic… Continue reading Profits Up At Pearson As Market Conditions Improve

Global media company, Viacom, has today announced that advertising revenue for second quarter trading grew by 11% to $3.4 billion, citing an ‘outstanding’ period for the group which was led by double-digit operating income from cable networks and television. For the three months to June 2004, operating income increased by 10% to $1.4 billion, while… Continue reading Viacom Reports Record Second Quarter

A poor week of trading left many media stocks looking bruised and battered in week on week analysis. Consumer magazine publisher Highbury House was one of the worst affected, with share price tumbling by 7.46% to 15˝p on Friday, despite optimism over pre-tax profits for the first half of 2004.Friday saw the company announce that… Continue reading Sharewatch: Highbury Battered By Poor Week’s Trading

After difficult trading conditions in 2003, consumer magazine publisher Highbury House Communications today announced that it expects pre-tax profits for the first six months of 2004 to be up 27% year-on-year, spurred on by expected improvements in advertising revenue. Although a marked improvement on last year, which saw profits dive by £25.7 million (see Highbury… Continue reading Highbury Profits Expected To Rise 27%

A disappointingly poor day’s trading in media stocks, in addition to ‘selling fever’ sparked by a dip in the Wall Street index, left the FTSE 100 looking bruised and battered yesterday, with the market reaching an new low point for the year.Fears among city traders of slow growth in US corporate earnings was blamed for… Continue reading Sharewatch: Poor Trading Leaves Trinity Alone In Profit

UBC Media, owner of the Classic Gold Digital network, announced this morning at its AGM that the outlook for the remainder of this year is positive, as sales in the first quarter jumped 78% year-on-year. The commercial radio broadcasting company and independent radio programme producer said that the directors believe that current trading remains in… Continue reading UBC Confident Of Positive 2004 Results

After difficult trading conditions in 2003, consumer magazine publisher Highbury House Communications today announced that it expects pre-tax profits for the first six months of 2004 to be up 27% year-on-year, spurred on by expected improvements in advertising revenue.Although a marked improvement on last year, which saw profits dive by £25.7 million, the group said… Continue reading Highbury House Profits Expected To Rise By 27%

The Government has failed to announce a definitive switchover date for digital TV, leaving the industry in a continued state of confusion over exactly how to progress towards a digital-only future. Culture secretary Tessa Jowell had been expected to delay the UK’s switchover process until 2012, but the minister has stated that the wider views… Continue reading Government Still Fuzzy On Digital Switchover Date

Radio giants UBC and Emap have announced a deal which will see the two companies consolidate their radio airtime sales for traffic and travel across both groups networks.The joint package, to be sold by UBC’s commercial division, will include over 170 radio stations including EMAP Radio, GWR Group, The Wireless Group, Chrysalis Radio, Guardian Media… Continue reading UBC Joins Sales Forces With Emap For Traffic And Travel

Sales of mobile music players are set to exceed 20 million in 2004, as these become the next must-have accessory for gadget-loving music fans. The Future Of Portable Music report, from Informa Media says consumers worldwide will double the number of players bought during 2004 and sales will continue to rise at an annual rate… Continue reading Sales Of Mobile Music Players Set To Double In 2004