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Shares in Cordiant Communications were delisted today as WPP moved closer to completing the takeover of the struggling advertising group. In an anticipated move, the London Stock Exchange said this morning that securities in Cordiant had been cancelled from their official listing. There can be no more trading in the company’s stock. There is now… Continue reading WPP Closes In On Cordiant, Shares Delisted

The Premier League could face investigation by European competition regulators if it accepts an all-encompassing £1 billion bid for live Premiership rights from BSkyB, according to press reports.Friday saw the deadline for bids to show Premiership football for three years from the 2004/5 season. In a bid to appease the authorities in Brussels, the Premier… Continue reading BSkyB Bids To Retain Premiership Prize

Gannett, the largest newspaper publisher in the US, has announced a 6.7% increase in second quarter earnings, boosted by stronger advertising at its UK operations. The company, which has a portfolio of 100 daily newspapers in the US, including USA Today, reported that profits grew to $324.3 million from $303.9 million in Q2 2002. Similarly,… Continue reading Gannett Revenues Bolstered By Newsquest Sales

The Newspaper Society has appointed former head of the Australian Newspaper Advertising Bureau, Russell Collier, as its new marketing director.Collier, who takes up the position on 21 July, has spent more of his career working in multinational advertising and at media agencies, including Ogilvy & Mather in Sydney where his clients included Unilever, Xerox and… Continue reading Newspaper Society Appoints New Marketing Director

United Pan-Europe Communications, the largest cable television company in Europe, has taken a step closer to emerging from bankruptcy after the Dutch attorney general advised the supreme court to reject a creditor appeal blocking the move. Earlier this year, UPC’s restructuring programme was approved by shareholders (see UPC On The Road To Recovery) and the… Continue reading UPC Ready To Emerge From Bankruptcy

US online advertising spend will not return to the boom levels of 2000 for another three years, according to the latest set of forecasts from eMarketer. In 2000, at the height of dotcom fever, US online advertising revenues topped $8 billion, but rapidly fell back to just $6.0 billion last year. However, growth has now… Continue reading Latest US Ad Forecasts From eMarketer

Shares in Cordiant Communications were delisted today as WPP moved closer to completing the takeover of the struggling advertising group.In an anticipated move, the London Stock Exchange said this morning that securities in Cordiant had been cancelled from their official listing. There can be no more trading in the company’s stock.There is now a general… Continue reading WPP Closes In On Cordiant, Shares Delisted

The Financial Times has appointed Ben Hughes to the newly created role of worldwide advertising director.Hughes, previously director for Continental Europe, Middle East, Africa and Asia Pacific, will now take on responsibility for FT’s print and online advertising sales operations around the globe.He will continue to report to Olivier Fleurot, chief executive officer for the… Continue reading FT Appoints Hughes As New Worldwide Ad Director

The IPA’s quarterly Bellwether report, published today, has quashed hopes of an improvement in fortunes for the advertising industry by revealing that marketing budgets were revised down again during the second quarter of this year.The report attributes the cut in budgets, which was the worst since Q4 2001, to disappointing sales and revenue growth, as… Continue reading Bellwether Reveals Continuing Uncertainty For UK Marketers

Revenue generated from public wi-fi hotspots – areas where wireless devices can connect to networks like the internet – could rise by as much as 121% compound annual growth rate over the next five years, according to a new report from Allied Business Intelligence (ABI).Also On MediaTel Insight Today…IPA Report Shows Few Signs Of Marketing… Continue reading MediaTel Insight: Wi-Fi Hotspots On Verge Of Growth