Merrill Lynch analysts have slightly downgraded their 2003 US and global advertising growth forecasts, but say that the cuts are much less severe than expected given the “gyrations” experienced so far this year.Also On MediaTel Insight Today…Heat Boosts EMAP Consumer Ad Revenues, Says LehmanConsumer publishing ad revenues are expected to rise by 5.8% at EMAP,… Continue reading MediaTel Insight: Ad Forecasts From Merrill Lynch
Cordiant Communications opened strongly on the London Stock Exchange following reports that the ailing advertising group is on the verge of offloading two major assets in a bid to alleviate crippling debts. The Independent On Sunday claimed that Cordiant is completing the formalities pertaining to the sale of PR consultancy Financial Dynamics and Australian ad… Continue reading Cordiant Lifted By Disposal Speculation
Europe will overtake the US in the penetration of broadband internet in online homes by 2007, according to new forecasts from Jupiter Research. The group says that 48% of net-connected households in Europe will have broadband by this time, compared to 46% in the US. Jupiter says that there will be sustained growth for both… Continue reading European Broadband Penetration To Pass US In 2007
Consumer publishing ad revenues are expected to rise by 5.8% at EMAP, according to a full-year results preview by analysts at Lehman Brothers. The broker expects advertising at the consumer publishing division to come in at £147 million in 2003, up from £139 million last year. The Consumer division includes titles such as Heat, Closer,… Continue reading Heat Boosts EMAP Consumer Ad Revenues, Says Lehman
Recent figures from the Internet Advertising Bureau (IAB) and Price Waterhouse Coopers show that online adspend for 2002 reached £197 million, which equates to a 1.4% share of the total UK advertising market. The data suggests that the online industry is well on track to reach its target of almost 2% market share by 2004.… Continue reading INSIGHTanalysis: Web Advertising Pushes The Right Buttons
Guardian Media Group (GMG) is looking at the possibility of making a bid for Capital Radio, as part of plans to expand its radio interests. The move follows the breakdown of the group’s negotiations to buy out its joint venture associate, BC Partners, in the Autotrader publishing business. GMG, which publishes the Guardian and Observer,… Continue reading Guardian Media Sounds Out Capital Radio Bid
Week on week analysis paints an unsettled picture of the media sector, which has seen a flurry of mixed financial results and signs of economic instability from across the Atlantic.The sector’s biggest gain was experienced by Carlton, which was seen up 16.63% year on year after its first half financial results beat market expectations (see… Continue reading Sharewatch: Carlton Rises After Strong Results
It has been another sobering week for mobile phone operators in the UK with analysts questioning the future of the UK’s first commercial third generation phone service and one of Europe’s leading players writing down the value of its 3G investments.Also On MediaTel Insight Today…US Upfronts Hit Record $9bn-Plus Autumn SalesThe US TV airtime upfront… Continue reading MediaTel Insight: 3G Burden Gets Heavier
The growth of digital radio could cause a shift in media planning as it transforms the way advertisers and agencies communicate with audiences, according to Steve Parker, Starcom Motive’s radio and outdoor co-ordinator.Speaking at Emap’s digital radio seminar earlier today, Parker claimed the increasing proliferation of new digital radio stations would drive the growth of… Continue reading Digital Radio Set To Cause Shift In Media Planning
ITV partners Carlton and Granada were seen in focus, up 13.27% and 9.36% respectively in the wake of this weeks’ well received results. The groups were further lifted by positive comments from Deutsche Bank which anticipates that the proposed merger will be completed successfully and raised revenue estimates accordingly. However, other analysts claim the two… Continue reading Sharewatch: ITV Partners Rise After Positive Comments
