UK media Stocks experienced a turbulent day of trading as military and political uncertainty continued to weigh on Wall Street.Despite reports that Iraq will allow arms inspectors to return, many analysts are viewing this sceptically, Wall Street has experienced heavy profit taking as economists warned war would inevitably lead to a double-dip recession.Elsewhere, Independent News… Continue reading Sharewatch
Advertising volumes at the Wall Street Journal declined by 14.8% during August, the newspaper’s parent company, Dow Jones, has announced. This puts Q3 figures down by 16% to date, according to analysts at Merrill Lynch. General advertising volumes at the paper were down by 22.4%, according to the broker, with declines in auto, healthcare and… Continue reading Revenues Remain Weak At Wall Street Journal
Northcliffe Newspapers, a subsidiary of Daily Mail and General Trust plc, has been fined £1.32 million by the Office of Fair Trading (OFT) for predatory pricing among its Aberdeen Journals titles.John Vickers, director general of OFT, commented: “Aberdeen Journal’s, deliberately incurred losses in a persistent campaign to remove its only direct rival from the market.… Continue reading Northcliffe Newspapers Fined Over Predatory Pricing
Northcliffe Newspapers, a subsidiary of Daily Mail and General Trust, has been fined £1.3 million by the Office of Fair Trading (OFT) for predatory pricing by its Aberdeen Journals division. John Vickers, director general of OFT, commented: “Aberdeen Journals deliberately incurred losses in a persistent campaign to remove its only direct rival from the market.… Continue reading Northcliffe Receives £1.3m Fine For Predatory Pricing
Speaking at the recent Royal Television Society conference in London, Secretary of State for Trade and Industry, Patricia Hewitt, responds to Lord Puttnam’s Joint Scrutiny Committee by outlining the Government’s aims for the pending Communications Bill.The aim of the [Communications] Bill is to make Britain the most dynamic and competitive, innovative and exciting broadcasting market… Continue reading Hewitt Outlines Aims For The Communications Bill
Culture Secretary Tessa Jowell today announced her decision to approve BBC3 with a series of stringent conditions.Announcing the decision after a series of delays and disagreements (see Government Says No To BBC3 Government Says No To BBC3Government Says No To BBC3The stringent guidelines come after Greg Dyke’s BBC has been criticised for concentrating too much… Continue reading Government Finally Gives BBC3 The Go Ahead
Radio stations have more listeners than they are credited for under the current radio audience measurement system, according to the results of research released by Kelvin MacKenzie’s Wireless Group.MacKenzie, who has been an outspoken critic of RAJAR’s diary system of audience measurement (see Commenting on the results of the research, he said: “For the first… Continue reading TWG Research Claims Radio Listening Is Under-Represented
ISBA is supporting ITV and Channel 4 in their bid to prevent the BBC cutting the number of commercial channels they will be able to show on the corporation’s new digital terrestrial platform, due to launch this autumn (see ITV Digital Will Be Sold As ‘Going Concern’).The BBC has told the ITC that only four… Continue reading ISBA Backs Commercial Broadcasters In Freeview Struggle
MTV has secured Boost, the chocolate brand owned by Cadbury Trebor Basset, as the sponsor of its off-the-wall comedy stunts show Jackass.The sponsorship, negotiated by Viacom Brand Solutions and Carat, will be used as part of the relaunch campaign for Boost, which is to be marketed as an energy bar, rather than a chocolate treat.… Continue reading MTV Gets A Boost From Jackass Sponsorship Deal
The US television prime-time advertising marketplace is so close to being sold out that some executives are encouraging advertisers to take back the upfront commitments, according to a report on Mediaweek.com. The situation, which is somewhat incongruous with the weak economic conditions currently being experienced in the US, has driven the prices in this ‘scatter’… Continue reading US Scatter Market Virtually Sold Out
