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Telewest shareholders can expect to receive only 1.5% of the firm’s equity once restructuring is completed, the cable company said today. Following in-depth negotiations, it has been agreed that bondholders will get 98.5% of Telewest shares. A deal by which they would have received 97% of the equity was previously rejected as insufficient (see Bondholders… Continue reading Telewest To Reduce Shareholder Stake

ITV partners Carlton and Granada are considering plans to create a division to combine their regional, national and international news operations as part of their proposed £2.6 billion merger.The news operation would sit alongside separate departments for production and broadcasting due to be outlined later this year in an official merger document on the structure… Continue reading Carlton And Granada Plan To Integrate News Operations

First half revenues fell by 3% at Pearson, partly as a result of continuing weak advertising conditions at its Financial Times newspaper, the group said today.Reporting a decline in pre-tax profits from £26 million in H1 2002 to a loss of £1 million this time, Pearson said that there were ongoing tough trading conditions in… Continue reading Pearson Revenues Drop As Ad Bite Continues At FT

The Interactive Advertising Bureau (IAB) and the Institute of Practitioners In Advertising (IPA) have joined forces to tackle the problems of online audience measurement.The initiative, described by the IAB as a “long-term mission” aims to create a new, reliable and universal system of online audience measurement. The plan comes in response to advertisers’ concerns over… Continue reading IAB And IPA To Tackle Online Measurement Issues

The Wireless Group is launching a new weekly football magazine to tie in with its talkSPORT radio station.SoccerBet will launch in mid August to coincide with the start of the new football season and will be devoted to football betting. The 68-page colour title will have an initial print run of 70,000 copies and will… Continue reading Wireless Group Launches New Sports Title

US newspaper advertising revenues rose by approximately 2% in the second quarter of the year, according to an analysis of newspaper publishers’ results by Merrill Lynch. All but one newspaper group have reported figures for the quarter to June and the consensus of 2% growth shows a marginal improvement over the Q1 rise of 1.5%… Continue reading US Newspaper Advertising Shows Slow Growth

The gradually declining power ratio of terrestrial TV in the increasingly fragmented media marketplace was brought to the fore in June, with the sector seeing revenues decline by 12.2% year on year. In contrast total satellite revenues increased by 22% during the same period, as the number and variety of channels offering advertisers access to… Continue reading TV Market Round-Up – June 2003 (Non-Subs)

The next five years will see global Wi-Fi usage grow at a record pace, exceeding 700 million users by 2008, according to a new report from Pyramid Research. As mobile penetration reaches saturation point in many markets, wireless operators are committed to finding new revenue streams and Wi-Fi is seen as the next big thing.… Continue reading Wi-Fi Growth To Accelerate But Challenges Remain

IPC’s flagship women’s title Marie Claire has secured Calvin Klein for a special advertorial campaign to celebrate their joint 15th birthday.The bespoke campaign will see August’s issue of Marie Claire feature a specially designed “photo-album” style ad leaflet promoting Calvin Klein’s Eternity perfume with the strapline: “Celebrating 15 years together.Commenting on the deal, Toby Moore,… Continue reading Marie Claire And Calvin Klein Celebrate Joint Birthdays

European digital television set-top box (STB) manufacturers need to move away from production of the stand-alone STB and start manufacturing personal video recorders (PVRs) and integrated digital TV sets if they are to maximise revenues in the developing markets. This is according to research and consulting company Strategy Analytics. The group forecasts that the European… Continue reading Digital TV Equipment To See Growth Recovery In Europe