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Revenue from internet gaming in the UK is set to reach $361 million by 2006, up from $29 million in 2002 and $72 million this year, according to forecasts from Informa Media Group, released today. The number of Net game players is set to rise from 1.1 million this year to 4.2 million by 2006,… Continue reading UK Internet Gaming Revenue To Hit $361m By 2006

The UK Government may want the country to be the European leader in the new economy, but it is unlikely to get its way. This is the conclusion of an analysis of Western European internet penetration forecasts by Net Profit, published today. The forecasts, produced by Net Figures, show that the UK will lag behind… Continue reading UK Will Not Lead European Net Growth

Reports in today’s papers suggest that it could cost Carlton and Granada another £100m to complete the closure ITV Digital. Both companies saw shares fall in yesterday’s market: the former dropping 0.61% to close at £2.46 and the latter slipping 1.94% to finish at £1.26źp, down 2˝p on the day before.Telewest, which is believed to… Continue reading Sharewatch

People who read online newspapers tend to be internet “power users”, those who spend greater than average time and money online than general net users, according to a new report from the Newspaper Association of America (NAA). Newspaper websites also were rated the primary source of local news and information online, ahead of other local… Continue reading Online Newspapers Provide “Quality Audience” For Advertisers, Says NAA

Telewest Communications, the heavily indebted UK cable company, this morning said that net loss for Q1 2002 fell by 21% to £166 million on the back of EBITDA up 34% to £91 million. It is also planning a radical restructure in order to bring about cost savings. Total turnover for the quarter ended 31 March… Continue reading Indebted Telewest Begins Reorganisation

ITV Networks Limited (ITVNL) has been accused by the IPA of breaching the 1998 Competition Act by insisting that members sign up to accreditation rules whereby agencies have to secure bank guarantees or insurance bonds to cover the cost of proposed media spend. The industry body is particularly concerned that there has been a move… Continue reading IPA Claims New ITV Network Rules Are Anti-Competitive

According to a new report, New Media Markets’ UK Digital Television, published by Informa Media Group, digital TV penetration will reach only 64% by 2010. This is some way off the Government’s target for analogue switch off. Informa forecasts that Sky Digital will account for over half of all digital TV households by 2010, cable… Continue reading Government Switch-Off Target Cannot Be Met, Says Informa Media Group

Trading conditions in the US technology publishing market remain challenging with no sign of any improvement, United Business Media (UBM) said this afternoon. In its AGM statement, the company said that its overall financial performance and outlook remain similar to the position outlined at the beginning of March (see UBM Shares Fall As Profits Are… Continue reading Tough Conditions In US Hi-Tech Continue, Says UBM

Indebted Telewest Begins ReorganisationTelewest Communications, the heavily indebted UK cable company, this morning said that net loss for Q1 2002 fell by 21% to £166 million on the back of EBITDA up 34% to £91 million. It is also planning a radical restructure in order to bring about cost savings.Total turnover for the quarter ended… Continue reading Indebted Telewest Begins Reorganisation

Following the demise of ITV Digital, Merrill Lynch has downgraded its revenue forecasts for BSkyB. Full year revenue at BSkyB is now expected to come in at around £2,785 million, a decline of 0.4% on previous forecasts. Merrill says that conservative forecasts assume that BSkyB will pick up only 200,000 of ITV Digital’s 1.2 million… Continue reading Merrill Lynch Downgrades BSkyB Forecasts