Kelvin MacKenzie is once again to attack RAJAR’s diary system of audience measurement with the launch of what is claimed to be the first parallel study in the UK, comparing a diary method of recording radio listening with an electronic wrist watch device.Wireless Group chief executive MacKenzie, in his signature inflammatory style, has stated: “This… Continue reading MacKenzie Launches More Electronic Measurement Tests
Highbury House Communications released a trading statement this morning ahead of its AGM which revealed that the company is on target to achieve market forecasts for 2002. The company said that trading had improved “progressively after a slow start to the current year, reflecting a significant improvement on the trading conditions that we experienced in… Continue reading Highbury House On Target To Meet 2002 Forecast
The best performance in yesterday’s media market came for Cordiant, which despite announcing earlier in the week that pre-tax profits more than halved in 2001 (see City News From MediaTel Insight- Reuters, WPP and Cordiant), saw shares rise 18.59% to close at 92˝p, an increase of 14˝p on the day before.Telewest, which has announced plans… Continue reading Sharewatch
I Feel Good (IFG), the magazine publishing group run by former Loaded editor James Brown, has narrowed its pre-tax losses to £1.4 million for 2001, down from £1.8 million in 2000. Sales for the period were £4.2 million, compared to £0.7 million last time. Jack launched today The group has launched a new men’s title… Continue reading Loss Narrows At IFG As New Mag Is Launched
BT has launched the latest volley in the battle for broadband supremacy, by launching a “no-frills” product which it hopes will result in 500,000 additional connections by summer 2003.The service, which will be widely available in autumn this year, will separate access to the internet from value-added services, allowing customers to have broadband internet access… Continue reading BT’s ‘No Frills’ Service Ups Broadband Stakes
In a statement released this afternoon, the administrators of ITV Digital have confirmed that they are offering the business and assets of the company for sale with immediate effect. They confirmed that they have not been able to secure additional funding “on terms that would enable them to commit to a long-term sale process”. In… Continue reading Administrators Confirm ITV Digital Sale
Administrators Confirm ITV Digital SaleIn a statement released this afternoon, the administrators of ITV Digital have confirmed that they are offering the business and assets of the company for sale with immediate effect.They confirmed that they have not been able to secure additional funding “on terms that would enable them to commit to a long-term… Continue reading Administrators Confirm ITV Digital Sale
Viacom has reported Q1 revenues of $5.67 billion as compared with $5.75 billion for the same period 2001. The company’s first quarter 2002 performance was led by higher results in its Cable Networks, Video and Entertainment segments. Viacom chairman and CEO, Sumner Redstone said; “ViacomÂ’s first quarter results highlight the breadth and diversity of our… Continue reading Viacom Predicts Q2 Revenue Growth
Box Office Success Offsets AOL Time Warner LossesMassive first quarter losses at AOL Time Warner, $54.24 billion or $12.25 a share, were partially offset by gains at Warner Bros thanks to films such as Harry Potter and The Lord Of The Rings, enabling the company to beat analyst projections.The weak online advertising market contributed to… Continue reading Box Office Success Offsets AOL Time Warner Losses
Vivendi chief executive Jean-Marie Messier survived his company’s AGM meeting yesterday afternoon, despite calls from minority shareholders and staff at Canal+ for his resignation (see Troubled Times For Vivendi’s Messier). As expected the Vivendi board backed Messier and it is thought that he was able to convince shareholders that he has full control of company.… Continue reading Messier Holds Position At Vivendi As Figures Beat Expectations
