Media stocks were seen falling on Tuesday after negative economic indicators from the US, continued jitters over creative accounting in the media sector and a host of downgrades from leading London brokerage houses.GWR was seen under pressure, after posting disappointing results (see GWR Losses Deepen To £12m As Tough Market Conditions Bite), which showed a… Continue reading Sharewatch
Ministers have reportedly rejected requests from Carlton, Granada and other ITV companies to reduce their £300 million annual broadcast fees.According to a report in today’s Times, the broadcasters have been lobbying the Government to link the annual payments to their advertising revenues, which have been sizeably diminished by the ongoing recession.ITV’s current broadcast fee is… Continue reading Ministers Refuse To Bail Out ITV
The number of US mobile gamers is predicted to grow tenfold in the next five years according to a new in-depth study from IDC. Are We Having Fun Yet?: U.S. Wireless Gaming Forecast, 2002-2007 takes a long term view of the emerging market and concludes that handset providers, wireless carriers and game developers and publishers… Continue reading Mobile Gaming Set To Play Major Role, Says IDC
Times Newspapers is further developing its commercial operation with the launch of a new integrated marketing division.TNXL will be headed by former Zed Media client services director, Claire Myerscough, who will work to utilise advertising, editorial, promotions, customer data and other resources to develop bespoke marketing opportunities across The Times and The Sunday Times.Commenting on… Continue reading Times Newspapers To Launch Integrated Marketing Division
The mobile market in Western Europe is reaching saturation point and opportunities for subscriber growth are therefore limited. However, a new study from The Yankee Group claims that operators are modifying their strategies to ensure higher revenues and foresees a revival in 2003. The report, Western European Cellular Market Forecast 2002: Poised for Recovery states… Continue reading European Mobile Industry Given Fresh Boost
H Bauer is launching a new upmarket lifestyle magazine, called threesixtyş, aimed at people with “more money than time.”The launch issue, which will be 180-pages long, will go on sale in January with a print run of 150,000. Targeting AB(C)1 leisure seekers looking for ways to spend their free time with their partner or family,… Continue reading H Bauer To Turn Threesixtyş In Lifestyle Market
The BBC’s new digital channel, BBC Three, is to launch on Sunday 9 February following a string of delays.Stuart Murphy, controller of BBC Choice, commented: “Our research shows that Sunday is a key night for our audience and so we have decide to launch on Sunday 9 February.”The channel was originally expected to launch last… Continue reading BBC Three Announces February Launch
Aegis Group, the global media communications and market research company, announced today that it has acquired a 40% interest in the leading Chinese outdoor media contractor Asiaray, with an option to acquire a further 40% of the business by the end of 2005. Aegis is paying an initial £2.9 million for the stake, with further… Continue reading Aegis Builds Chinese Outdoor Presence
Lehman Brothers has upgraded its advertising, subscriber and earnings forecasts for BSkyB, following a strong set of first quarter results, released earlier this month (see BSkyB Back In The Black Following Strong Subscriber Growth). The broker has raised its advertising growth forecasts from 3% to 10% for the full year 2003, implying revenue of £276… Continue reading BSkyB Growth Forecasts Upgraded By Lehman Brothers
Media stocks were seen rising on Monday, following the broader London equity market upwards, buoyed by Wall Street’s recent bullish stance and strength across cyclical stocks.The radio sector was in focus as investors expect some mergers and acquisitions activity after the proposed liberalisation of radio ownership goes through, although US-owned Clear Channel has ruled out… Continue reading Sharewatch
