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US newspaper publishers yesterday told their Midyear Media Review meeting that the worst of the eighteen month long recession appears to be over, according to a report on the Wall Street Journal. Gannett, which owns the Newsquest regional newspaper group in the UK, said that the worst is now past but that ‘the path to… Continue reading US Newspaper Publishers See End Of Recession

Culture Secretary Tessa Jowell today all but dismissed the idea that the licence fee system of funding the BBC will be scrapped in the near future.Speaking at the Social Market Foundation Seminar on Public Service Broadcasting, she confirmed that a review of the Corporation’s charter would begin in 2004 and that a decision must be… Continue reading Jowell Says Licence Fee Will Stay

Nearly three quarters of online media buyers expect their marketing spend to increase over the next two years, with two thirds predicting an increase of up to 30%, according to research from UK web portal MSN.The research, which predicts that online marketing spend will “soar” in the next six months, also shows that 63% of… Continue reading Online Media Buyers Set To Increase Marketing Spend

England’s progress in the World Cup finals has given ITV’s advertising revenues for June and July an unexpected boost.According to internal ITV forecasts, June’s ad income is expected to be up 10% year on year, ahead of the previously anticipated 6% rise. The network is also predicting that July’s revenue will be around 6% higher… Continue reading England’s World Cup Progress Boosts ITV Ad Revenue

Paul Kurzeja, formerly group art director of Future Network, has been poached by IPC to be the creative director of Wallpaper*.Kurzeja is said to enjoy a reputation in the magazine industry as the “designer’s designer” and has previously won four PPA and Total Publishing awards for art direction and design. He has also chaired seminars… Continue reading New Creative Director For Wallpaper

Broad-based advertising improvements are beginning to filter through at ITV, with June’s revenue now expected to be up by 10%, well above previous forecasts. Analysts had previously expected the ad boost surrounding the World Cup competition to be mainly a blip, with the dip returning in Q3 2002 and recovery not really beginning to filter… Continue reading ITV Shows Beginning Of Sustained Ad Recovery With World Cup

Dawn Airey is to take over from John Willis as chair of the executive committee of the GEITF from September this year. The Channel 5 chief executive is taking on Willis’ role as he is leaving to work at WGBH in Boston, USA.Airey, who last year delivered the Richard Dunn Memorial Lecture at the Festival… Continue reading Airey To Chair GEITF Executive Committee

The printed press needs to reduce its dependency on advertising if it is to maintain its influence in the media marketplace, according to Publishing In The Knowledge Economy, Pira International’s new analysis of the publishing industry. The report, presented to the Department Of Trade and Industry (DTI) and UK Publishing Media (UKPM), acknowledges that advertising… Continue reading Publishers Directed To Meet Challenge Of New Media

The European online ad market is set for a significant recovery in the near future, according to Microsoft’s web portal, MSN. Executives of the internet company are confidently predicting a 25% growth in advertising in the next year across Europe, the Middle East and Africa (EMEA). “We’ve reached the bottom,” said Judy Gibbons, vice-president of… Continue reading MSN Gears Up For Online Revival

The worst performance in yesterday’s media market came from troubled cable operator Telewest, which was shares fall 23.08% to close at 2˝p after a group of its bondholders rejected an offer for 20% of the company’s bonds.Regional newspaper publisher Johnston Press, which announced earlier in the week that advertising revenues rose by 2% in the… Continue reading Sharewatch