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US radio will grow 5% to 6% in 2002 predicts Gary Fries, president and chief executive officer of the US Radio Advertising Bureau (RAB). He described the radio sector as ‘good, stable and strong’ and urged the industry to captilise on current revenue growth. In July total revenues rose by 9% year on year, with… Continue reading US Radio Revenue Shoots Up 9% In July

Until now, advertisers have been reluctant to exploit the medium of interactive television but a new paper from Billetts, the advertising and marketing consultancy, puts the onus on the broadcasting industry to change the status quo. The report acknowledges that television in the UK is experiencing seismic changes and digital technology has given viewers access… Continue reading Jury Still Out On Interactive Advertising

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

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

The level of consumer acceptance for mobile gaming could determine the success or failure of 2.5G and 3G wireless, according to a new report from Alexander Resources. The research firm claims that wireless carriers and handset manufacturers will need to tap into the lucrative youth market if they are to succeed in convincing the public… Continue reading Mobile Gaming Key To 3G Uptake, Says Report

Mobile data services are still in their infancy in the US but a new report from The Yankee Group predicts that there will be more than 23 million subscribers by the end of the year. The research company estimates that wireless data revenue growth will increase at a compound annual growth rate of nearly 89%… Continue reading US Mobile Data Sector Set To Boom

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

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