The media sector was seen mixed on Thursday as investors considered negative news from Capital Radio, a poorly received acquisition from HSBC and further cuts in the investment banking sector.Capital Radio was seen under pressure after a poor set of results and a 10% job cut across the group (see Capital Radio Shares Plummet As… Continue reading Sharewatch
US media giant, Viacom, is expecting to surpass its earnings estimates for 2003, thanks to a recovery in advertising levels, according to a report on Brand Republic today. The article quotes Viacom’s chief executive, Sumner Redstone, as saying that the current indications bode well for advertising in 2003 and that he believes the market has… Continue reading Viacom Chief Sees Advertising Recovery In 2003
A new survey has revealed that 93% of US internet users have made a purchase online although privacy and security concerns mean that less than 40% are regular web shoppers. The study by market researchers at Ipsos-Reid showed that attitudes to e-commerce are changing with 64% of respondents claiming that they are now more likely… Continue reading Most Net Users Have Shopped Online, Says Survey
NTL, the debt-laden UK cable operator, had a mixed message for investors when it issued its third quarter figures yesterday.Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled £182 million in the three months to September 30, up 44% on the same period last year. However revenues fell to £617 million from £627 million in… Continue reading NTL Earnings Rise As Cost Cutting Continues
Broadband internet connections have reach a 28% penetration of online households in the US, according to a new report from Dataquest, a division of Gartner. This compares with just 12% in the UK (see Insight Analysis: Broadband Britain – A Progress Report). The Dataquest report covered a 28-month survey period, during which the rate of… Continue reading US Broadband Hits 28% Penetration, DSL Makes Inroad On Cable
The Digital Radio Development Bureau (DRDB) is launching an advertising campaign to promote DAB digital radio and increase receiver sales.The five week-long campaign, which launches next week across all regional and national commercial stations, features pop bands, Liberty X, Atomic Kitten and Big Brovaz, in a series of 60-second documentary-style interviews.The executions have been designed… Continue reading DRDB Unveils Digital Radio Promotion
Strategy Analytics estimates that 10 million embedded-camera phones were sold worldwide in the first nine months of 2002. Almost half of these sales occurred in the third quarter, as demand escalated in Japan. Neil Mawston, Senior Analyst with the Global Wireless Practice, commented: “Strategy Analytics expects 16 million camera phones to be sold worldwide in… Continue reading Far East Driving Camera Phone Sales, Says Strategy Analytics
Emap has appointed Carmel Hayes to the role of development director across its women and youth portfolio and has announced that Sarra Manning is to take the role of associate editor across the division.Hayes, who was new media director, will continue to direct Emap’s online operations, including www.newwoman.co.uk, and is in the process of developing… Continue reading Emap Shakes-Up Women and Youth Titles
Outdoor advertising revenue increased by 5.06% year on year during the third quarter of 2002, according to the latest figures from the Outdoor Advertising Association (OAA).Despite the increase in difficult market conditions, OAA’s chief executive Alan James, warned: “Although we have turned a corner, the figures are steady as opposed to rocketing. I don’t think… Continue reading Outdoor Advertising Sets Its Sights On Recovery
Radio advertising levels at Capital Radio are shaping up to be poorer than expected in November, according to an outlook in the group’s results for the year to 30 September 2002. Capital says that October and November are expected to show an 8% decline in advertising levels and whilst October was already known to be… Continue reading Capital Radio Shares Plummet As Profits And Revenues Dip
