The newly merged ITV company dipped by 1.10% yesterday to settle at 134žp following publication of its first financial results since the multi-billion pound merger was completed last month. The company announced a fall in advertising revenue for 2003, but revealed signs of improvement during the first quarter of this year (see ITV On Target… Continue reading Sharewatch: ITV Dips Following Post-Merger Results
French advertising giant Havas posted a larger than expected net loss during 2003 as the costs of its radical restructure mounted. The company, which includes UK agency MPG in its portfolio, posted net losses of €396 million, compared to a net profit of €23 million in 2002. Revenue for the year was down 17.2% at… Continue reading Havas Posts Larger Than Expected Loss As Restructuring Costs Mount
Broadband Britain came a step closer yesterday with the announcement that NTL has become the first internet service provider to have over one million UK homes connected to broadband.The milestone achievement will give encouragement to BT and Telewest, which recently launched cut price broadband packages aimed at attracting the large numbers of dial-up customers normally… Continue reading NTL Announces One Million UK Broadband Homes
Cable group NTL reduced losses by 79% in the fourth quarter of 2003. Its year end results, released today, show that net loss at the troubled company fell to £130m across the quarter, to total £584 million for the year, compared to £1.5 billion in 2002. Revenues were up 8% to £577m during the fourth… Continue reading NTL Reports Reduced Losses, Announces 1m Broadband Homes
Five has announced two senior appointments in a bid to replace defecting sales director, Nick Milligan, who is leaving to become managing director of BSkyB’s advertising sales operation.Mark White and Kelly Williams have both been promoted from within Five’s existing sales team and will now sit on the broadcaster’s board of directors. White, formerly Milligan’s… Continue reading Five Replaces Milligan With Two Internal Promotions
Newly merged broadcasting giant ITV has announced it is on target to save £100 million in the first set of results to be published since its multi-billion pound merger was completed in February. The results also reveal a 2% drop in the broadcaster’s net advertising revenue for 2003. ITV has blamed this on a reduced… Continue reading ITV On Target To Save £100 Million From Merger
Capital FM boss Keith Pringle has confirmed that talks have been held between the station and outgoing breakfast DJ Chris Tarrant to discuss the radio stalwart fronting a new weekend show as soon as 6 months after his resignation.The revelation comes just days after Johnny Vaughan announced his start date as the station’s breakfast host,… Continue reading Tarrant In Talks Over New Role With Capital
Global advertising and marketing network WPP saw a rise of 0.51% yesterday, putting stocks at 591˝p. The increase follows a bad day’s trading on monday, despite the company announcing an 18% increase in pre-tax profit to more than £473 million for 2003 (see WPP Takes Bullish Stance As Pre-Tax Profits Rise).Pearson fared less well, continuing… Continue reading Sharewatch: WPP inches up following increased profits
Global information company Reuters has announced the appointment of Sir Niall FitzGerald as chairman, replacing the outgoing Sir Christopher Hogg with effect from 1 October.FitzGerald has been a non-executive director of Reuters since January 2003, but his appointment as chairman comes just two weeks after his resignation as chairman and chief executive of Unilever, a… Continue reading Reuters Appoints FitzGerald As New Chairman
Media professionals are seriously concerned about a significant decline in the number of consumers taking part in reader and audience surveys, according to the latest poll from the MRG.An online study of the Media Research Group’s 150 core members shows that almost 40% of respondents believe that falling response rates will be an area of… Continue reading Media Researchers Concerned Over Falling Response Rates
