UK radio operator, Wireless Group, has halved its losses and is currently enjoying strong ad revenue growth, according to financial results for the six months ended 30 June 2002, released this morning.Pre-tax loss at the group halved, down from £17.5 million for H1 2001 to £8.9 million this time. The group also produced its first… Continue reading World Cup Gives Wireless Group First Profit
The joint publishing venture between EMAP and French group Hachette Filipacchi is likely to be discontinued following Hachette’s acquisition of Attic Futura (see Hachette Buys Attic Futura For ), according to reports. The addition of Attic Futura’s magazines to the Hachette portfolio brings it into competition with the titles published in the UK by the… Continue reading EMAP/Hachette Venture Expected To Be Ditched
Revenues at debt-laden cable company, NTL, remained pretty flat in the second quarter of the year, dropping slightly by just 1.1% to £627 million, according to the company’s financial results released today. Earnings rose by 51.3% to £174 million over the period. These results are posted against a backdrop of debt and impending recapitalisation which… Continue reading NTL Revenues Fall Slightly As Recapitalisation Approaches
VNU, the multinational publisher and information company has bucked the trend of disappointing media financial results and announced a robust growth in profits for the first half of 2002. Net income increased from â‚Ź75.5 million to â‚Ź93 million in the space of a year and VNU was able to reduce its debt from â‚Ź4.2 billion… Continue reading VNU Posts Strong First Half Results
UK radio operator, Wireless Group, has halved its losses and is currently enjoying strong ad revenue growth, according to financial results for the six months ended 30 June 2002, released this morning. Pre-tax loss at the group halved, down from £17.5 million for H1 2001 to £8.9 million this time. The group also produced its… Continue reading World Cup Gives Wireless Group First Profit
Weak advertising conditions have pushed down revenue growth at French ad network Publicis, according to the group’s first half financial results. Ad revenues fell by around 6.0% in H1, resulting in an overall organic growth of -3.6% for the half, according to analysts at ABN Amro. Net new business wins were reasonably strong at E700… Continue reading ‘Total Lack Of Visibility’ In Ad Market, Says Publicis
European broadcaster, RTL Group, is to acquire the TV and radio assets of the German publishing group Georg von Holtzbrinck in deal worth E170 million. Under the terms of the agreement, RTL will take control of Holtzbrinck’s 47.3% stake in the leading German commercial news channel, n-tv as well as the group’s activities in 12… Continue reading RTL Acquires German Media Group
Telewest Communications, the heavily indebted UK cable operator, is seeking to sell its stake in SMG, the Scottish media company. Telewest, which is expected to imminently undergo a financial restructure (see Telewest Debt Waiver Is On The Cards), has requested shareholder approval to divest of the 16.9% stake in SMG. There will be an extraordinary… Continue reading Telewest Seeks To Divest Of SMG Stake
The media sector was one of worst hit in the FTSE 100 yesterday as the continuing turbulence of the American market filleted through to the UK. BSkyB saw the most significant downward movement with shares slipping 5% to close at £5.60, a loss of 29˝p on the day before.Carlton and Granada completed a trio of… Continue reading Sharewatch
With the magazine industry poised for the release of the latest ABC data on Thursday, Tim Kirkman, press director at Carat, looks at how cover mounts have become a key tool in women’s magazine marketing and a fundamental asset in maintaining circulation.Cover mounts, those ‘free gifts’ usually on the front of women’s glossies, have long… Continue reading NewsLine Column: More Than A Read On The Beach
