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Anglo-Dutch publishing group Reed Elsevier today posted increased pre-tax profits for 2003 but said it expects growth to slow in the coming year as a continued economic downturn takes its toll. Pre-tax profits were up 9%, from £927 million to £1.0 billion. Reed said its growth would have reached 10% if adjusted at full year… Continue reading Reed Elsevier Sees 2003 Profits Rise But Predicts Dip In 2004

Further signs of an improving advertising economy emerged yesterday as Omnicom Group, the world’s largest agency network, announced that its net income jumped by 10% to $221.3 million in the fourth quarter of 2003. The group, which owns BBDO Worldwide and TBWA, said that worldwide revenues were up by 18.3% to $2.5 billion. Revenue growth… Continue reading Omnicom Posts 18% Revenue Rise As Markets Improve

Business press advertising expenditure in the US rose by 1.1% during November, although page volumes were down by 3.7%, according to the latest data from American Business Media (ABM). In the year to date spend was up slightly by 0.6% and pages were down by 3.5%. “We are encouraged by the performance of the telecommunications… Continue reading US Business Press Advertising Nudges Up 1% In November

The global market for mobile phones continued to grow in the fourth quarter of 2003, with shipments reaching a record high of 167.8 million units, up 29.7% year on year, according to IDC. The fourth quarter closed a particularly strong year for the worldwide mobile phone market as handset sales topped half a billion units… Continue reading Global Mobile Shipments Jump 23% In 2003

Media stocks rose yesterday following an announcement by Reuters of underlying profits ahead of market expectations (see Reuters Results Beat Expectations As Profit Returns).The company jumped 18.41% higher to close at 429źp and other media companies followed. Emap rose 2.79% to 920p and Pearson, owner of the Financial Times, climbed 3.33% to finish at 605p.Regional… Continue reading Sharewatch: Reuters Results Fuel Media Stock Upsurge

Viacom Outdoor has secured the lucrative £3 million contract to sell advertising on train operating company, Mersey Rail, following a competitive pitch against rival, Maiden Outdoor.The win comes less than two months after Viacom Outdoor snatched the seven-year GNER sales contract from Maiden, in a move that brought an end to its rival’s monopoly of… Continue reading Viacom Snatches Mersey Rail Contract From Maiden

The Government looks increasingly likely to meet its target of switching off the analogue signal by the end of this decade following news that the number of British homes with access to digital television has topped the 10 million mark for the first time.The latest Trends In Television Report from the Institute of Practitioners in… Continue reading Digital Television Tops 10 Million Homes For First Time

Further signs of an improving advertising economy emerged yesterday as Omnicom Group, the world’s largest agency network, announced that its net income jumped by 10% to $221.3 million in the fourth quarter of 2003.The group, which owns BBDO Worldwide and TBWA, said that worldwide revenues were up by 18.3% to $2.5 billion. Revenue growth in… Continue reading Omnicom Posts 18% Revenue Rise As Markets Improve

The success of Freeview shows no signs of slowing and the fledgling free-to-air service looks set to overtake cable to become the second largest platform for multi-channel television by the end of this year.The digital terrestrial service, which is backed by the BBC and BSkyB, is expected to achieve penetration of 4 million households by… Continue reading Continued Growth To Push Freeview Past Cable Television

Kerrang! Radio is to run a one month trial broadcasting on 97.6 FM in Manchester later this month following a decision by Ofcom to offer at least 35 commercial radio licences over the next two years.The announcement follows a successful bid by Kerrang! Radio for the regional ILR FM licence in the West Midlands in… Continue reading Kerrang Radio Prepares FM Broadcasts In Manchester