More Industry News articles

The Guardian Media Group, which publishes the Guardian and the Observer newspapers, has announced a fall in profits for the year to March but claims that the advertising market is showing signs of recovery. Pre-tax profits at GMG totalled £9.8 million in the first three months of 2002, down from £67 million for the same… Continue reading GMG Reports Fall In Profits

Lord Puttnam, the chairman of the Joint Committee on the draft Communications Bill, is to deliver this year’s Worldview Address at the Guardian International Television Festival (GEITF).Puttnam will be replacing Thomas Middelhoff, the now ex-chairman and chief executive of Bertelsmann AG (see Bertelsmann Chief To Present Worldview At GEITF).GEITF advisory chair and joint MD of… Continue reading Lord Puttnam Replaces Sacked Bertelsmann CEO At GEITF

Granada Enterprises has secured Wagon Wheels as the sponsor of the new series of ITV1’s On The Ball, in a deal worth around £600,000.The deal, which was negotiated by Stewart Hunt at Granada and Daliah Epstein at BBJ, marks the FMCG brand’s first foray into broadcast sponsorship and will also include an integrated online sponsorship… Continue reading Granada Gets On The Ball With Sponsorship Deal

Cosmetics giant Rimmel is sponsoring Sugar magazine’s annual model competition for the second consecutive year.The competition includes a roadshow which visits cities in the UK searching for the new face of the market leader teen glossy. The winner becomes a Sugar covergirl and recieves a trip to the USA and £500.Marketing director of Coty UK,… Continue reading Rimmel To Sponsor Sugar’s Model Competition

US online advertising fell by 18.0% to $1.55 billion in the first quarter of 2002, according to a new report from the Internet Advertising Bureau. The figures, produced in association with PricewaterhouseCoopers, showed that online advertising revenues were down 6.5% when compared with Q4 2001. However, the IAB has played this down, claiming that the… Continue reading US Internet Adspend Continues To Slide

Steve Morrison, chief executive of Granada, is set to take early retirement as a result of the collapse of ITV Digital, according to press reports.Morrison is currently working with Carlton chief executive, Gerry Murphy, to recruit a new chief executive for the ITV Network following the resignation of Stuart Prebble in May (see Prebble Steps… Continue reading Granada’s Morrison Set To Take Early Retirement

US consumer spending on online content increased to $675 million last year, almost double the amount spent in 2000, according to the Online Publishers Association (OPA). Although a number of newspapers, notably the Wall Street Journal, have been able to justify charging users, subscriptions have generally been regarded as a death knell for websites. In… Continue reading Online Content Becoming Viable Revenue Source, Says Report

Carlton and Granada, which yesterday won their high court battle with the Football League (see League Loses ITV Digital Battle), saw shares fall yesterday. The former slipped 3.61% to close at £1.73˝p, while the latter was down 5.51% to finish at 90p, a loss of 5źp on the day before.BSkyB, which announced earlier in the… Continue reading Sharewatch

Clear Channel’s acquisition of Score Outdoor from Scottish Radio Holdings has been approved by the Office Of Fair Trading allowing the creation of a third national force in the billboard advertising market.American-owned Clear Channel plans to merge Score Outdoor with its own poster contractor, More O’Ferrall and the new combined company will launch a series… Continue reading OFT Approves Clear Channel’s Acquisition Of Score Outdoor

KirchMedia, the insolvent TV arm of Leo Kirch’s fallen media empire, said on Thursday that it had received seven bids for its assets from possible investors with a highest bid of E2.6 billion. “The high level of interest from potential investors confirms our view that the restructuring of KirchMedia can be completed successfully in the… Continue reading Seven Bids In For KirchMedia