AOL Time Warner has been rocked by the resignation of one of its most senior executives as the sense of crisis deepens at the world’s largest media company.The chief operating officer, Robert Pittman has stepped down as head of AOL’s internet arm, a position he only took up in April. The advertising recession hit the… Continue reading COO Quits AOL Time Warner
The World Cup 2002 attracted global TV audiences “way beyond expectations” with 68% of the world’s population watching the tournament across 44 countries, according to research carried out by Initiative Media.The research shows that 20.4% of the world’s population, or around 217 million people, watched this year’s World Cup final on TVs in their homes,… Continue reading World Cup 2002 Exceeds Expectations With Global Viewings
AOL Time Warner has been rocked by the resignation of one of its most senior executives as the sense of crisis deepens at the world’s largest media company. The chief operating officer, Robert Pittman has stepped down as head of AOL’s internet arm, a position he only resumed in April. The advertising recession hit the… Continue reading COO Quits AOL Time Warner
RTL Group, which owns Channel 5, says it can see the first shoots of recovery in the UK advertising market. The pan-European broadcaster says that full-year results are in line with analysts’ expectations. RTL says that although advertising conditions in Germany and France remain unfavourable, there are ‘tentative’ signs of a revival in the UK… Continue reading RTL Detects ‘Tentative’ Signs Of Recovery
The president of Viacom has played down speculation that his organisation is preparing to buy a major ITV company, claiming that they are too expensive at the moment. Speaking at a conference in Boston, Mel Karmazin conceded that an approach for either Granada or Carlton Communications was unlikely in the current economic climate. “The stocks… Continue reading ITV Too Costly At Present, Says Viacom Chief
Some 19 million people in the UK now have access to the internet, according to the annual internet survey from Which? Online. This is equivalent to almost one-third of the UK population, although there is growing evidence that the growth in usage is declining. The rate of increase in the internet population has slowed from… Continue reading One-Third Of The UK Now Online
Telecoms operators in western Europe must look beyond their debts and define their strategic options now, says a new report released by Analysys this week. According to the study, The Future of Telecoms Incumbents, the fourteen incumbent operators had a collective long-term debt of E240 billion at the end of 2001. Deutsche Telekom accounts for… Continue reading Telcos Must Focus On Strategy, Says Analysys
A comparison of the latest global and regional advertising forecasts is shown here, along with previous data. Most regions have been revised upwards in the latest set of figures, in line with a gradually improving advertising marketplace. Advertising Forecasts Comparisons Area 2001A Previous 2002F … Continue reading Global And Regional Advertising Growth Forecast Comparisons
Television is set to lead the way in the UK advertising market’s recovery in 2002, with a growth of 2.5% forecast by Zenith Media. Newspapers are expected to be weak this year, dragged down by a poor national market. In 2003, radio is predicted to be the strongest medium, posting a 4.5% growth. Zenith Media… Continue reading TV To Lead UK Ad Recovery In 2002, Say Zenith Media Forecasts
Consumer spending on US retail websites has increased by 41% in the last year, according to the latest data from comScore Media Metrix. Online sales for the second quarter of 2002 totalled $17.5 billion, of which travel sites accounted for $7.8 billion. The online travel market is predicted to be worth $64 billion by 2007… Continue reading US Online Spending Up And Away
