Reed was seen in focus yesterday, down 2.75% as shareholders threatened action over the levels of executive pay, which many believe to be excessive.Elsewhere, the media sector digested news from across the Atlantic where Rupert Murdoch’s News Corporation agreed a £4.1 billion deal to take control of US pay per view TV platform group, Hughes… Continue reading Sharewatch: Reed Falls On Executive Pay Concerns
MTV has secured EA Games to sponsor its new film review show, MTV At The Movies, across Europe.The six month deal, which begins later this month, will include break bumpers and on-air promotions, as well as outdoor advertising. EA Games will also gain exposure on MTV Europe’s nine regional movie mini-sites, with a banner ad… Continue reading MTV Secures EA Games For Pan-European Sponsorship Deal
The economy of the European Union (EU) and the eurozone ended on a very weak note in 2002 and continued sluggishness is expected into the first half of this year, according to forecasts from the European Commission (EC). The EC’s outlook for 2003 predicts that the average eurozone GDP growth rate will be just 1%,… Continue reading EC Sees Weak Economic Growth In 2003
The Communications Bill is set to become law later this year and the media ownership regulations will be relaxed in a move that could signal the biggest shake-up of UK media for many years. Broadcasters are clearly bracing themselves for change, but there appears to be a general feeling of uncertainty about how the new… Continue reading Feature: Cashing In On The Communications Bill
US consumer expenditure on electronic media and entertainment passed the $100 billion mark in 2002, and is expected to rise by more than $20 billion by 2010, according to an upcoming report from Informa Media Group. Informa says that the growth comes despite the cyclical nature of the games industry, the impact of piracy on… Continue reading US Entertainment Spend To Pass $120bn By 2010, Says Informa
Granada Channels has secured the Budget Group as the six figure sponsor of the weather reports on the ITV News Channel.The deal will see the Budget Group rotate its three brands, Budget, Bennetts and Dial Direct, seasonally over the next twelve months. In addition the group will also sponsor the weather in ITV1’s Anglia, Yorkshire… Continue reading Granada Secures Budget To Sponsor ITV Weather Reports
The Chancellor stood up at 12.30pm. Economic growth in 2002 was 1.8%. Growth forecast for 2003 revised downwards from 2.5%-3.0% to 2.0%-2.5%. Research and Development tax credit to be expanded. One pence on a pint of a beer; duty on spirits and cider and sparkling wines frozen. Four pence increase on a bottle of wine.… Continue reading Budget 2003 Coverage – The Chancellor’s Speech As It Unfolds
The Internet Advertising Bureau (IAB) has appointed Laurence Bour as its first ever research manager, as part of its drive to double the volume of internet advertising by autumn 2004 (see IAB Plans To Double Internet Ad Spend In Two Years).Bour will manage the IAB’s three year research programme alongside the Research Working Group, which… Continue reading IAB Appoints First Ever Research Manager
Rupert Murdoch’s News Corporation could finally clinch a deal to take control of US satellite group, DirecTV, with commentators claiming that an agreement could be signed as early as today. According to report in the Times newspaper, which is ultimately owned by News Corp, the $7 billion (£4.5 billion) deal would give the company a… Continue reading News Corp All Set To Wrap Up US Satellite Deal
The Chancellor stood up at 12.30pm.Economic growth in 2002 was 1.8%. Growth forecast for 2003 revised downwards from 2.5%-3.0% to 2.0%-2.5%.Research and Development tax credit to be expanded.One pence on a pint of a beer; duty on spirits and cider and sparkling wines frozen. Four pence increase on a bottle of wine.Fuel duty to rise… Continue reading Budget 2003 Coverage – The Chancellor’s Speech As It Unfolds
