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Radio revenues at Capital Radio fell by 7% to £59.6 million for the six months ended 31 March 2002, the group announced this morning. Group revenue dropped by 8% to £60.0 million during the same period, whilst underlying pre-tax profit fell 20% to £14.2 million. Capital says that combined radio revenues for April and May… Continue reading Capital Radio Profits Hit By Ad Decline

As expected, Telepiù has abandoned its agreed merger with Italian pay-TV platform Stream, following restrictions imposed on the deal by the country’s anti-trust regulator this week (see Italian Anti-Trust Ruling May Offer Vivendi An Exit From Stream Deal). Telepiù is owned by Vivendi Universal and Stream by News Corp and Telecom Italia (50:50). It is… Continue reading Vivendi’s Telepi

Carlton Communications Plc and Thomson multimedia have signed a joint agreement to acquire the cinema advertising interests owned by UGC of France and the Belgian broadcaster RTBF. The acquisition will be made via a new joint venture company, 50% owned by Carlton and 50% by Thomson. The deal comprises a cash consideration of Euros 100… Continue reading Carlton And Thomson Extend Cinema Interests In Europe

A $4.0 billion write-off of News Corp’s stake in Gemstar TV has left the corporation with a post-tax loss of $4.2 billion for the three months to the end of March (the third quarter of the group’s financial year). However, despite the exceptional write-off, revenues were up 17.7% to £3.85 billion and operating income was… Continue reading News Corp Profits Hit By Gemstar Write-Off

Publicis Groupe SA, joint owner of the Zenith Optimedia Group, yesterday reported consolidated revenues of E576 million for the first quarter of 2002, an increase of 4.6% over the E550 million reported for the same period in 2001. Taking into account constant exchange rates and identical unit reporting, revenues fell by 2.2% in Q1, slightly… Continue reading Publicis Revenues Up 4.6%, Beating Expectations

Digital radio, or digital audio broadcasting (DAB), will gain broader consumer acceptance within the next five years in Europe and the US, according to a new report from In-Stat/MDR. Despite what In-stat describes as ‘a series of difficulties in the early years of development’, DAB and digital audio radio services (DARS) are now beginning to… Continue reading Digital Radio To Gain Consumer Acceptance By 2005

Despite the emergence of next-generation Multimedia Message Services (MMS), Ovum believes that SMS will continue to be the dominant technology used for person to person messaging via mobile phones during the next two or three years. MMS usage will only begin to grow strongly around 2004-2005. John Delaney, principal analyst at Ovum, said: “Although vast… Continue reading MMS Will Not Take Off Till 2004, Says Ovum

The majority share of US prime time television viewing went to the cable networks for the first time in the 2001/2 season, according to data reported by Jack Myers Report. The basic cable networks took a 46% share against the four major broadcast networks’ 45%, according to figures compiled by Discovery Communications. Previously the four… Continue reading Cable Overtakes Major Broadcast Networks For US Prime Time Share

The ASA has chosen not to censure poster ads for Calvin Klein and Dolce & Gabbana underwear despite complaints that they were “indecent” and “offensive”.Those objecting to the ad for Calvin Klein, which featured a man wearing nothing but a pair of underpants, did so on the grounds that it was sexually suggestive and demeaning… Continue reading ASA Says Pants To Poster Complaints

The best performance in yesterday’s media market came from Cordiant, which saw shares rise 7.29% to close at £1.03 following renewed speculation that Havas of France might mount a bid for the group.BSkyB also performed well yesterday with stock improving 4.11% to finish at £7.10 after Vivendi disposed of 250 million shares in the company… Continue reading Sharewatch