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
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
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
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
Analysis of TV revenue estimates for March reveals mixed fortunes for the UK’s terrestrial TV channels. Year on year, a decline of 4.8% was experienced overall, with ITV1 and Channel 4 seeing revenue fall. Channel 5 and GMTV fared better than their larger competitors, seeing revenue increase year on year. The news was better still… Continue reading TV Market Round-Up – March 2002
Holiday company Club 18-30, whose reputation for causing controversy with its advertising was established as far back as 1996 (see Wonderbra Tops Ad Poll), has had a complaint against its latest press campaign rejected by the ASA.The ads in question appeared in Boys Toys magazine. All showed photographic tableux of holiday scenes: A beach beside… Continue reading Club 18-30 Gets Break Courtesy Of ASA
ITV has secured foreign exchange company Travelex as the £3m sponsor of its World Cup coverage a month before the event is due to begin.The fully integrated deal will see Travelex become the exclusive broadcast and online sponsor of ITV’s full coverage and highlights of this summer’s tournament. The package also includes sponsorship of ITV’s… Continue reading ITV Secures £3m World Cup Sponsor
The best performance in yesterday’s media market came from Telewest, which has announced plans to launch a large-scale consumer trial of its 1Mb residential internet service in Scotland (see Telewest 1Mb Trial To Challenge BT In Broadband). Shares in the company rose 15% yesterday to close at 11˝p, an increase of 1˝p on the day… Continue reading Sharewatch
BT has launched a “no frills” broadband product designed to stimulate the uptake of high speed internet services in the UK.The BT Broadband will offer direct high-speed web access, with none of the extras such as email, news and web space traditionally offered by other internet service providers. It will launch this autumn and will… Continue reading BT To Drive Broadband Uptake With No Frills Product
Bruce Haines, president of the IPA, has reiterated the organisation’s feelings that the upcoming broadcast legislation must protect the the competitiveness of the media market place, regulate the BBC against a more defined public service remit and safeguard and promote quality programming to attract audiences.Haines’ comments were made in the foreword to the IPA 2001… Continue reading Ad Industry Is Small But Important, Says IPA
