UK TV Revenue To Grow 4% In 2003, Says BillettsUK television advertising revenue will grow by 4% this year, in a total advertising market up by 4%-5%, according to new forecasts from media audit consultancy, Billetts.European VOD Revolution On Hold, Says ForresterThe high costs of technology and ongoing content issues will ensure that video-on-demand (VOD)… Continue reading On MediaTel Insight Today…
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
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
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
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
News International has confirmed that David Yelland has quit as editor of the Sun. He will be replaced by News of the World editor, Rebekah Wade, with effect from tomorrow. A spokeswoman for News International confirmed that the announcement was made by the company’s chairman, Les Hinton, in an internal email earlier today. Yelland’s departure,… Continue reading Yelland Quits As Editor Of The Sun
The beleaguered telecoms firm Cable & Wireless has appoined a new chairman as it seeks a remedy for its well publicised financial woes. Former British Aerospace financial director Richard Lapthorne takes over from Sir Ralph Robins with immediate effect and has been given carte blanche to make boadroom changes. C&W chief executive Graham Wallace is… Continue reading Lapthorne Moves Into C&W Hotseat
The media sector experienced a mixed day of trading on Thursday as the FTSE 100 limped slightly upwards, after four straight days of losses. However, the index failed to reach the key 4,000 level and analysts have already dismissed the rise as yet another dead cat bounce.On the corporate news-front Emap was seen in focus… Continue reading Sharewatch
Emap Performance has launched its TV music channel, The Hits, on digital radio in London.The new station, which will take a direct feed from The Hits TV channel, will play a broad range of chart-based music aimed at 15 to 45 year-olds. Emap plans to extend the brand onto the analogue radio platform if it… Continue reading Emap Moves The Hits Onto Digital Radio
Channel Five has secured GlaxoSmithKline as the sponsor of its weather programme in a deal rumoured to be worth around £1.5 million.The deal, which will run throughout 2003, follows the current three month sponsorship with Venos, which ran until the end of 2002. GlaxoSmithKlien will use the year long sponsorship to promote a range of… Continue reading GlaxoSmithKline To Sponsor Channel Five Weather
