Media Stocks were seen staging a tentative recovery on Wednesday after Tuesday’s sell off. London equity markets were seen rebounding after some much needed positive corporate results, and some positive guidance in the battered financial sector.In the telecoms sector Cable & Wireless was seen in focus after Credit Suisse First Boston lowered its outlook for… Continue reading Sharewatch
The troubled media giant, Vivendi Universal has vowed to look to the future as it bids to reduce the huge debts built up by former chief executive, Jean-Marie Messier. Current boss Jean-René Fourtou has committed the company to an asset disposal programme that is designed to raise E12 billion over the next eighteen months. He… Continue reading Vivendi Unveils Asset Disposal Plans
Chrysalis Radio has announced the acquisition of London News Radio (LNR) from rival GWR Group for £23.5 million.The acquisition of LNR, which encompasses the LBC and NewsDirect radio brands, will strengthen Chrysalis’ position in the key London market and according to the radio group, will increase its share in the capital from 10.4% to 15.9%.Chrysalis,… Continue reading Chrysalis Strengthens London Offering With LNR Acquisition
Like for like airtime revenues at Capital Radio are expected to rise by 2% during the six months to 30 September, the group announced in a trading statement this morning.Revenues were down 7% in the six months ended 31 March and, accordingly, the group expects revenues to be down by 2% for the year to… Continue reading Capital Radio Sees 2% Revenue Decline, Tarrant Stays
GWR’s sales house Opus has been awarded the contract to sell advertising across Vibe FM and Galaxy 101 following the recent joint venture deal between GWR and Scottish Radio Holdings.The newly created Vibe Radio Services, which is 52% owned by Scottish Radio Holdings and 49% owned by GWR, yesterday acquired Galaxy 101 from Chrysalis Radio… Continue reading Opus Secures Galaxy 101 Sales Contract
Analysis of the latest TV revenue figures for August reveal an over-all year on year increase for the UK’s main terrestrial channels. Increases were seen across the board, with the exception of GMTV. Channel 5 saw biggest increase, with revenue rising by 30% year on year during August. The coming months will be crucial for… Continue reading TV Market Round-Up – August 2002
Julie Harris, deputy managing director and group publishing director of the Elle and Top Sante titles, is leaving Emap to join Hachette as general manager of the women’s magazine group.The departure of Harris is the first, of what some are predicting will be a steady stream of departures from Emap since the end of its… Continue reading Handbags At Dawn For Emap And Hachette
Internet spending in the US is set to increase by an average of more than 25% this year, according to a new report from eMarketer. Average online expenditure fell last year but in its latest report, Retail Industry Online, eMarketer estimates that US internet users will increase their annual spending from an average of $866… Continue reading US Online Buyers To Increase Spending
Telewest Broadband’s head of marketing for interactive services, David Caswell, has stepped down following a further round of restructuring at the troubled cable group.The latest restructure comes less than two months after the appointment of Charles Burdick as managing director following the departure of Adam Singer, who was reportedly forced to resign by the company’s… Continue reading Telewest Broadband Marketing Chief Steps Down
Four UK radio operators have released trading figures this week, with revenues showing that conditions remain pretty tough, with no obvious, strong upturn visible at present. Capital Radio this morning said that revenues were down 2% in the year to September, whilst the six month period showed a growth of 2% (see Capital Radio Sees… Continue reading UK Radio Trading Figures Comparisons
