ITV partners, Carlton and Granada, were both seen under pressure yesterday after Morgan Stanley cut its price target for the duo. It is understood the broker estimated that BBC channels were taking 43% of viewers in homes connected to the Freeview service, substantially weakening ITV1’s likely growth revenues.The market’s unease with the broadcasters was further… Continue reading Sharewatch: ITV Partners Rocked By Broker Comments
Commercial radio has again been boosted by the increasing popularity of sponsorship and promotions, which helped the industry to see its total revenue for 2002 increase by 2.5% year on year to £562.8 million. The latest figures from the Radio Advertising Bureau (RAB) show that commercial radio revenue for the fourth quarter of 2002 was… Continue reading Commercial Radio Boosted By Sponsorship And Promotions
London-based Heart 106.2 is to run a week long promotional campaign for Walt Disney World on its breakfast show.The promotion, which will begin next week, will include a daily competition to win a family holiday to Walt Disney World in Florida. Listeners will be invited to call in and answer as many Disney related questions… Continue reading London Based Heart 106.2 To Run Disney Promotion
The Newspaper Society (NS) has criticised the Government’s plans to overhaul the regional and local newspaper industry and has called for a series of amendments to the Communications Bill.The organisation has rubbished the Government’s assertion that the Communications Bill, which is due to become law later this year (see Government To Press On With Communications… Continue reading Newspaper Society Attacks Government Over Regional Plans
The success of the new digital terrestrial platform, Freeview, has hit ITV harder than expected and is hastening its loss of audience share, according to a report from influential broker, Morgan Stanley.In its latest guidance note, the broker states that the new digital terrestrial platform is having a negative effect on ITV, which is losing… Continue reading Freeview Launch Hits ITV Harder Than Expected
Future Publishing has promoted Jayne Caple to advertisement sales director of the group.Caple, who was previously deputy advertisement sales director, will replace Andrew Milbourn, who is leaving the company at the end of March to set up his own business.In a separate move, the publishing company has confirmed the appointment of Chris Spratling as retail… Continue reading Future Boosts Management Team With New Appointments
Anglo-Dutch publishing group, Reed Elsevier, has this morning posted a strong set of 2002 financial results, with organic growth outperforming the market in each of the group’s publishing divisions. After adjusting for currency changes, revenues rose by 13% in the year, whilst pre-tax profits increased by 2%. Reed says that it has achieved the targets… Continue reading Reed Elsevier Sees Good Growth Despite Tough Markets
Online gaming has achieved unprecedented growth in Europe in the past year with new figures showing that almost 6 million people visited a games site in January. Nielsen//NetRatings claims that the number of surfers going to online gaming sites has more than doubled from 2.8 million to 5.9 million since January 2002. Germany and France… Continue reading Broadband Growth Takes Online Gaming To New Heights
The continuation of ‘extremely difficult’ market conditions has caused 2002 revenues at advertising network, Cordiant Communications, to fall by 11% to £533 million. The figure was further dented by key account losses in the US, the group said in a trading update this morning.Despite the fall in revenues, operating profits look set to meet market… Continue reading Cordiant Revenues Dip 11% In 2002, Disposals Underway
The arrival of 3G competitors with large capacity on the market is likely to lead to a price war, according to the wireless strategy consultancy Northstream. In a report brought out to coincide with the the 3GSM World Congress in Cannes, it is alleged that established players are delaying 3G and infrastructure investments while concentrating… Continue reading 3G Price War On The Horizon
