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Outdoor advertising group JCDecaux has reported a 2.8% decline in turnover for the first half of 2003 with the Sars virus and the European advertising slowdown seen as contributing factors. Total revenue for the six months ended June 30 came to €758.2 million, compared with €779.9 million in the same period last year. In the… Continue reading Ad Market Remains ‘Difficult’ For JCDecaux

WPP once again took centre stage after Active Value, the investment group which attempted to block WPP’s planned take-over of Cordiant, finally bowed to pressure and waved through the £10 million deal.However, WPP limped up just 0.58% on the news, as investors also considered reports that Active Value is “well advanced in bringing legal action”… Continue reading Sharewatch: WPP Boosted As Cordiant Deal Gets Go-Ahead

The number of media companies going bust in the UK fell by 14% year on year in the second quarter, according to the latest data from business solutions company Experian. The group surveyed 34 different industry sectors and found that only 10 recorded a rise in business failures during the quarter. The most significant declines… Continue reading UK Media Company Failures Fall In Q2, Rise Over H1

Carat is merging its press and broadcast divisions to form a cross-media planning, buying and campaign evaluation unit, led by head of broadcast Mark Jarvis (pictured).The move will see television, press, radio, cinema and regional media combined into a new 120-strong division, which will carry out implementational planning and buying across the entire group.Carat’s head… Continue reading Carat Merges Press And TV To Form New Cross-Media Unit

A number of high profile sequels could not prevent June’s cinema admissions from dropping to 9.4 million, down from 12.2 million in the same period the previous year, according to the latest figures from the Cinema Advertising Association (CAA).The data shows that June’s cinema admissions averaged just 2.19 million a week as consumers turned their… Continue reading Seasonal Dip Hits June’s Cinema Admissions

Media giant, AOL Time Warner, today reported a 6% jump in revenues during its second quarter, boosted by strong performances from the film and cable divisions. The group’s revenues hit $10.8 billion for the quarter, whilst net profit jumped from last year’s $396 million to $1.1 billion this time. Chairman and CEO, Dick Parsons, described… Continue reading AOL TW Figures Improve, But Online Is Still Weak

The fate of Cordiant Communications has been all but sealed this afternoon, as shareholders voted overwhelmingly in favour of the proposed takeover of the group by WPP.At an extraordinary general meeting today, shareholders representing 99.2% of the company’s stock voted to proceed with WPP’s £266 million takeover bid.Only 75% approval was needed for the deal… Continue reading WPP Triumphs In Cordiant Battle

The fate of Cordiant Communications has been all but sealed this afternoon, as shareholders voted overwhelmingly in favour of the proposed takeover of the group by WPP. At an extraordinary general meeting today, shareholders representing 99.2% of the company’s stock voted to proceed with WPP’s £266 million takeover bid (see WPP Closes In On Cordiant,… Continue reading WPP Triumphs In Cordiant Battle

Global information group, Reuters, has this morning unveiled a first half pre-tax profit of £87 million, following a loss of £10 million for the same period in 2002. This figure is substantially ahead of a £57 million forecast from Merrill Lynch.However, despite the strong pre-tax profit figure, Reuters’ overall revenues were down by 12% to… Continue reading Reuters Moves Into Profit As Savings Plan Pays Dividends

After approving the takeover by WPP earlier today (see WPP Triumphs In Cordiant Battle), Cordiant Communications’ shareholders have also voted in favour of removing the company’s chief executive, finance director and chairman from its board of directors, according to a report from Reuters. Cordiant’s largest shareholder, Active Value, had called for the directors to be… Continue reading Directors Go In Cordiant Shareholder Vote