More Industry News articles

Steve Case, the beleaguered chairman of AOL Time Warner, has bowed to increasing pressure and announced his intention to step down in the spring. This development comes on the back of revelations that the world’s largest media company will be forced to take a charge of at least $10 billion as a result of writedowns… Continue reading AOL Chairman Quits Following Shareholder Unrest

Just under half of UK publishers believe that magazine expenditures will increase in the next year or two, whilst 26% predict that they will decrease to some degree. This is one of the findings of a recent survey conducted by Optima.The most common outlook, shared by 38% of the 156 respondents to the survey, is… Continue reading Magazine Revenue Will Increase In Next Two Years

A tough six months for digital set-top box manufacturer, Pace Mirco Technology, were revealed this morning, with turnover falling by 61% to £83.4 million for the interim period. Losses before tax and goodwill hit £15.9 million for the half year to 30 November 2002, down heavily on the £22.2 million profit of the same time… Continue reading Pace Falls Into The Red As Digital Box Sales Decline

Bloomberg News’ financial title, Bloomberg Markets, is to go on sale at news-stands for the first time next month across the UK, the US, Europe, Canada, Hong Kong and Singapore.The magazine, which will launch in February in 25 cities, will have a cover price of £3.25 in the UK. The title has previously only been… Continue reading Bloomberg Markets Launches On News-Stands

Didier Bellens, the chief executive of RTL, has restated his commitment to Channel 5 and said that the broadcaster was capable of achieving a 10% share of the UK television audience. In an interview in this weekend’s Observer, Bellens denied rumours that RTL was prepared to sell its 65% share in the rebranded Five to… Continue reading RTL Remains Alive To Five

The latest ABC figures for national newspaper circulation reveal a relatively disappointing period for the sector, which saw circulation decline slightly during December.Financial titles, The Business and the Financial Times, were among only a handful of national newspapers to see circulation increase during December. The former improved by 4.1% month on month and the latter,… Continue reading ABC National Newspaper Round-Up December 2002

The worldwide market for internet access devices will grow at an overall annual rate of 28.2% between 2001 and 2006, according to a new report from In-Stat/MDR. Internet access devices can be defined as personal computers, mobile phones, internet-enabled set-top boxes, internet appliances, smart appliances and white goods. Instat estimates that shipments will increase from… Continue reading Internet Access Device Market Set To Expand

Trinity Mirror’s chief executive of newspapers, Joe Sinyor, has resigned as a director and will leave the company today, it was announced this morning. Sinyor’s departure was predicted in December, alongside reports that he and Trinity chairman, Sir Victor Blank, held disagreements on strategy for the group’s national newspapers (see Sinyor Rumoured To Be Departing… Continue reading Sinyor Leaves Trinity Mirror

Virgin Radio’s sales director, Mark Swift, has left the group after two years.Swift, who was instrumental in the creation of the Access All Areas initiative for advertisers, will be replaced by commercial development director, Lee Roberts.Roberts will report to commercial director, Kathryn Jacob, who said: “Having worked with Lee before I know that he will… Continue reading Virgin Radio’s Sales Director Departs After Two Years

US magazine advertising revenues rose by 4.8% across the whole of 2002, whilst page volumes declined by 3.2%, according to the latest data from the Publishers Information Bureau (PIB). It is the technology advertising sector which has seen revenues plummet most severely, down by 17.2% across the full year. The strongest category was drugs and… Continue reading US Magazine Revenue Grows 4.8% In 2002