Revenues at WPP, the world’s third largest communications group, exceeded £1 billion in the third quarter as the global advertising recovery gathered momentum.The company said today that revenues, in constant currencies, rose 10% to £1.03 billion reflecting the acquisition of Cordiant Communications and the weakness of the dollar.On a like-for-like basis, excluding the impact of… Continue reading WPP Enjoys Healthy Third Quarter
Map has revealed its launch team for Kerrang! radio in the West Midlands after successfully securing the licence earlier this month.The Birmingham based team will include Lynne Wood, who is to become managing director of the new rock station, which will broadcast a mix of national and specially produced local shows.Wood will report to a… Continue reading Kerrang Reveals Management Team In The West Midlands
Improving market conditions are encouraging advertisers to increase spending with the result that WPP, one of the world’s leading communications services groups, is “climbing further out of the bath”, the company said today.Also On MediaTel Insight Today…Simultaneous Media Usage Provides Food For ThoughtFollowing the release of its latest Simultaneous Media Usage Survey (SIMM), BIGresearch has… Continue reading MediaTelINSIGHT: Sorrell’s Bath Taking Shape
A senior executive at Carlton is understood to have been appointed to oversee the company’s £4.5 billion integration with Granada to create a single ITV company. The move will serve to reassure some Carlton employees that the deal remains a merger, rather than a take-over by Granada, which is the largest shareholder of the new… Continue reading Senior Carlton Executive To Oversee ITV Integration
Profits at Omnicom, the world’s largest advertising company, rose by 7% in the three months to the end of September, reflecting the general upturn in the global media economy. The US-based group, which owns the TBWA and BBDO agencies, said that third quarter profits came to $135.3 million, up from $126.1 million a year earlier.… Continue reading Omnicom Revenues Rise At Home And Abroad
Revenues at WPP, the world’s third largest communications group, exceeded £1 billion in the third quarter as the global advertising recovery gathered momentum. The company said today that revenues, in constant currencies, rose 10% to £1.03 billion reflecting the acquisition of Cordiant Communications (see WPP Completes Cordiant Acquisition) and the weakness of the dollar. On… Continue reading WPP Enjoys Healthy Third Quarter
Granada chief executive, Charles Allen, could follow Carlton’s Michael Green in being forced out by rebel shareholders unless he succeeds in improving the financial fortunes of the merged ITV over the coming months. Allen has been earmarked to become chief executive of the ITV company that will result from the £4.5 billion merger of Carlton… Continue reading Investors Pressure Allen To Improve Fortunes At ITV
Revenues at information group Reuters continued to fall in the third quarter of 2003 but the company says it is delivering ‘according to plan’, despite unfavourable market conditions. Reuters said that core revenues were down 12% to £658 million in the three months to 30 September, slightly ahead of forecasts. Recurring revenue from subscription products,… Continue reading Reuters Results Better Than Expected
BSkyB remained in the spotlight, down 2.27% week on week, following reports that James Murdoch is expected to be interviewed shortly for the post of chief executive at the satellite broadcaster. It is understood Murdoch is one of only two candidates being considered for the position. Investors have expressed concern that Murdoch is being lined-up… Continue reading Sharewatch: BSkyB Falls On Leadership Concerns
AOL UK has appointed former Virgin Radio sales controller, Giles Ivey, as director of sales for interactive marketing.Ivey, will take up his new position later this month and will assume responsibility for maximising advertising revenues across AOL’s business development and agency sales teams. He will replace Phil Kramer who left the group earlier this year… Continue reading AOL Appoints Ivey As Director Of Interactive Sales
