The underlying rate of inflation in the UK rose by 2.1% last month to its highest level since April, according to the latest figures from the Office Of National Statistics (ONS).The rate of inflation, whilst higher than expected, is still well below the Government’s target rate of 2.5%. According to reports, the figures could mean… Continue reading UK Inflation Shows Unexpected Rise During September
Media stocks were under pressure on Wednesday after a profit warning from Reuters and widespread profit-taking across London equity markets.Reuters saw the sector’s biggest loss with shares slipping 22.72% to a 12-year low. According to reports, the stock has fallen 76% this year as subscription levels from its core investment banking business continue to slide.… Continue reading Sharewatch
The media and publishing sector will be forced to lay off more workers in the final quarter of this year than any other industry, according to a report out this week. The recruitment group Reed surveyed 800 UK companies across the board and found that the number planning to downsize had fallen from 10% in… Continue reading Media Workers Set To Feel The Pinch, Says Survey
BBC1 gained its highest Wednesday night audience for over a year last night with a peak of 10.6 million people tuning in for the England versus Macedonia Euro 2004 qualifier.The average audience for the BBC’s coverage of the game was 9.3 million, which equates to a 39% share of viewing. Despite the record viewing figures… Continue reading BBC Scores With England’s Disappointing Draw
The US internet population is growing all the time and a large proportion of users are happy with the medium. These are the findings of the Consumer Internet Barometer, a quarterly measure of web usage. However, the survey also exposed growing concerns about internet security and many consumers are still reluctant to disclose personal information… Continue reading US Internet Usage Rises But Security Doubts Persist
The Chrysalis-owned Galaxy Network is launching a six-figure TV ad campaign aimed at extending its reach amongst youth consumers.The campaign launches tomorrow across the MTV network, E4, Trouble and Bravo. It includes three different executions, all of which feature the strapline “The dance and R&B you salute” against a soundtrack of core Galaxy artists including… Continue reading Galaxy Targets Youth Consumers With Six-Figure TV Push
Online advertising accounted for 1.6% of the UK’s total media expenditure during the first half of 2002, according to the findings of a new internet information service from Nielsen Media Research. The recently launched online adspend measurement service has been created to allow advertisers and their agencies to accurately measure their competitors internet activity and… Continue reading UK Online Advertising Worth Over £150 Million, Says Nielsen
BT has joined forces with Sky to offer discounted high-speed internet access as part of its effort to reach 5 million broadband users by 2006.The deal will give new and existing subscribers to Sky Digital £80 off the price of equipment for BT Broadband. It builds on the reciprocal relationship between the two companies, which… Continue reading BT Teams Up With Sky For Cut Price Broadband Promo
The BBC has unveiled the logo for its new digital youth channel, BBC3, which is due to launch early next year.The logo spells out the word “three” in slanted blue print and is the first part of the new BBC3 brand identity, the cost of which is rumoured to have run into six-figures. Developed by… Continue reading BBC Unveils Logo For New Digital Youth Channel
David Montgomery’s venture capital-backed bid for SMG’s Herald and Sunday Herald publishing business is understood to be out of the running, possibly because the tabled offer was too low. If the reports are correct, the 3i Group-backed bid from former Mirror Group chief executive Montgomery will be the third major bidder to drop out of… Continue reading Montgomery May Be Out Of Herald Papers Bid
