The media sector was mixed on Wednesday as traders awaited key interest rate decisions and after trading closed, the US Federal Reserve slashed rates by 0.5%, enhancing hopes of a similar move by the Bank of England today.Reuters was the market’s big story as a result of unusually heavy turnover in shares which prompted speculation… Continue reading Sharewatch
Net losses at debt-laden cable operator, Telewest Communications, fell by 34% to £397 million during the third quarter of the year, the company announced in its interim financial results this morning. Whilst turnover rose by 4% to £1.0 billion and operating loss dropped by 25% to £187 million, the company’s debt has risen by 9%… Continue reading Telewest Reduces Losses Ahead Of Restructure
NTL UK’s managing director, Stephen Carter, has confirmed he is to step down from his role at the end of the year, prompting speculation that he is eyeing the chief executive role at Emap.Barclay Knapp, CEO of NTL said: “Over the past two years Stephen has achieved a great deal at NTL. We are now… Continue reading Stephen Carter To Step Down From NTL
Net losses at debt-laden cable operator, Telewest Communications, fell by 34% to £397 million during the third quarter of the year, the company announced in its interim financial results this morning.Whilst turnover rose by 4% to £1.0 billion and operating loss dropped by 25% to £187 million, the company’s debt has risen by 9% year… Continue reading Telewest Reduces Losses Ahead Of Restructure
UK radio advertising revenues are set to grow at a slight higher rate than the overall advertising market between now and Q2 2004, according to the latest quarterly advertising forecasts from the Advertising Association (AA). The figures show an average quarterly growth of 4.6% between Q1 2002 and Q2 2004 for radio, whilst the overall… Continue reading UK Radio Advertising Forecasts From The AA
The BBC has earmarked Sunday nights for big budget dramas with the announcement of two major projects on BBC1 and BBC2.The two historical adaptations, King Charles II and Byron, will be screened on Sunday nights in November 2003. The move could see the BBC dominating the key Sunday night viewing slot, which is traditionally very… Continue reading BBC Bags Sunday Night Drama Slot
The mobile industry has been urged to concentrate on targeting young women and business orientated men in the battle to convince the public of the merits of GPRS and 3G services. According to analysts at Forrester Research, only 20% of European mobile users will adopt 2.5G and 3G applications in the next two years. This… Continue reading Next Generation Mobile Still A Turn-Off, Says Forrester
ABC Electronic has announced Capital Radio Group will be the first broadcaster to publish audited data on streaming.Capital will publish figures detailing how many unique users were listening to the radio streams and the duration of listening. A spokesperson for ABC Electronic told NewsLine: “Capital feel the need to offer clarity and transparency to their… Continue reading ABC Electronic To Measure Online Radio Listening
The publisher of The Wall Street Journal Europe, Dow Jones, has announced it is to cut a further 230 jobs by the middle of November.In a memo to staff, Peter Kann, the company’s chief executive, cited “the harsh economic climate in which we’re operating” as well as “depressed” global markets for financial services, technology and… Continue reading Advertising Recession Hits Financial Media
BSkyB is expected to post a 205,000 net subscriber gain in its first quarter results, taking the number of customers for its digital satellite service to 6.3 million, according to Lehman Brothers. The broadcaster had 6.1 million subs as at June this year (see BSkyB Results Beat Expectations With 6.1m Customers Now Signed) and the… Continue reading Good Growth Expected In Sky’s Q1 Results
