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The US media conglomerate, Clear Channel Communications has announced net income of $238 million for the second quarter of 2002. This contrasts with the loss of $237 million recorded twelve months earlier although the apparent upturn is due largely to a change in accounting practices. Under the new system, Clear Channel would have posted income… Continue reading Radio Revival Boosts Clear Channel Profits

Emap Elan has announced that Sharon Parsons is to take over the editorship of Period Living & Traditional Homes, ahead of the January to June 2002 ABC consumer magazine figures coming out next month.Parsons has been working freelance recently, but was previously editor of IPC’s Homes & Ideas, which closed last year as part of… Continue reading New Editor For Period Living & Traditional Homes

NTL Broadband is predicting a positive future for media streaming in the broadcast industry, following its annual customer survey, which revealed that those working in the industry see streaming media as a way to reach new audiences in the medium term.Simon Mason, head of new product development at NTL Broadcast, commented: “Streaming is certain to… Continue reading NTL Broadcast Predicts Bright Future For Streaming

Radio owner GWR Group has welcomed the appointment of Lord Currie as chairman of Ofcom. The appointment was announced yesterday and was expected to be welcomed by the industry, despite concerns of cronyism put forward by members of the Opposition (see Lord Currie To Chair New Communications Regulator).Ralph Bernard, executive chairman of GWR, said: “As… Continue reading GWR Group Welcomes Currie Appointment

19% of all UK adults and over 50% of digital homes have interactive digital television (iDTV), according to a report compiled by the London Business School.The study into consumer attitudes towards iDTV shows that the UK is the most advanced country in the world in terms of the adoption and usage of the medium, which… Continue reading 19% Of UK Adults Have Interactive Digital TV, Says Report

North American internet traffic is set to grow by 85% in 2002 but revenues are unlikely to rise accordingly. These are the findings of a new report by telecoms market research firm, RHK. RHK’s quarterly market update report reveals that revenue growth will remain flat, quarter-over-quarter, totalling $15.7 billion for the year. Revenue-per-bit is set… Continue reading North American Web Revenues To Remain Flat

The DCMS has confirmed that Lord Currie of Marylebone will be appointed the first chair of the new communications regulator Ofcom.Other candidates in the running for the position included Richard Hooper, the Radio Authority chairman, Lord Eatwell, the British Library chairman, and David Edmonds, director general of telecommunications regulator Oftel.Currie will oversee the creation of… Continue reading Lord Currie To Chair New Communications Regulator

The latest US and Asia-Pacific press advertising forecasts from Zenith Media are given here. US In the US, both newspapers and magazines are expected to show negative growth this year, with no return to positive growth until 2004. The latest magazine advertising revenue figures from the Publishers Information Bureau (PIB) show revenue increasing by 6.1%… Continue reading US And Asia-Pacific Press Ad Growth Forecasts

Megaposter has secured Italian drinks brand Peroni as the first advertiser to use its landmark Shaftesbury Avenue giant banner site.The 210 square-metre site, which is the only official giant banner opportunity in Westminster, will provide the centrepiece of a national campaign promoting Peroni’s Nastro Azzurro beer brand.The national banner campaign, targeting young urban consumers in… Continue reading MegaPoster Secures Beer Brand For New Giant Banner Site

Nielsen Media Research has launched new software that allows media companies to analyse advertising expenditure alongside advertising creative.The “Ad Dynamix” software links advertising expenditure data at spot level, across all media, to creative executions. Data is upgraded continuously and there is no need for software upgrades.Charles Fulton, Nielsen Media Research’s managing director, commented on the… Continue reading Nielsen Launches Single Source Software For Media