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Advertising agencies and media revenues are forecast to experience a slow, U-shaped recovery to the ad market, rather than a fast V-shaped one, according to analysts at Merrill Lynch. The broker says that it continues to expect revenues to be down for most media during the first half of the year, with only ‘muted’ gains… Continue reading Ad Agencies Stock Weak As ‘Muted’ Recovery Is Predicted

Telewest Broadband is continuing its battle with BT for broadband dominance, by offering a three month broadband “tester” for less that the average cost per month of dial-up internet.Launching tomorrow, the offer is aimed at homes with BT, AOL, Freeserve and other dial-up services, who pay an average of around £14 or £15 per month.… Continue reading Telewest Cuts Entry Price For Broadband

Channel 4 has revealed the extent to which it was bitten by the advertising downturn last year. Its Annual Report and Financial Statement for 2001 reveals a year on year group loss after tax of £20.6m, despite the fact that group turnover increased by 2% to £731m. The statement points out that with 85% of… Continue reading Ad Downturn Hits Channel 4 Revenues

Figures released by the NRS for national newspaper circulation in the period October 2001 to March 2002 shows that the market as a whole saw a small year on year increase in readership of 0.2% or just over 125,000 readers.The best performance in terms of readership growth was seen at the Independent, which, ahead of… Continue reading NRS National Newspaper Round-Up – March 2002

The administrators of ITV Digital have today confirmed that they will be closing the pay TV operation of the company this evening. In a statement released this afternoon, Deloitte & Touche said that “Insufficient interest has been shown from prospective purchasers to justify a continuation of the operation”. It is thought that the free to… Continue reading Administrators Switch Off ITV Digital

It is being reported that all the ITV Digital pay TV services will cease at midnight tonight, after administrators Deloitte & Touche told operators BSkyB, MTV and UKTV that it could no longer afford payments for the services unless a buyer was found.A statement is expected later today from Deloitte & Touche, but it is… Continue reading Door Set To Close On ITV Digital Services

The Wireless Group has this morning posted pre-tax loss for the year ended 31 December 2001 down by 70.5% to £10.1 million, adding that its bank debt has now been paid off. Operating loss at the group fell by 31.4% to £10.5 million on turnover up 5.6% at £31.1 million. Demand begins to pick up… Continue reading Local Revenues Help Buoy Wireless Group Figures

The latest information to be released from the PPA’s Absorbing Media reasearch shows that more than twice as many people find magazines more enjoyable than websites.The study found that 52% of respondents who used both magazines and websites found reading a magazine a more enjoyable experience than accessing a website. 24% said the opposite. The… Continue reading Print Mags Holding Up To Internet Threat

Local Revenues Help Buoy Wireless Group FiguresThe Wireless Group has this morning posted pre-tax loss for the year ended 31 December 2001 down by 70.5% to £10.1 million, adding that its bank debt has now been paid off. Operating loss at the group fell by 31.4% to £10.5 million on turnover up 5.6% at £31.1… Continue reading Local Revenues Help Buoy Wireless Group Figures

IPC’s NME brand is launching two SMS text messaging services, which will allow readers to pay to receive breaking news or the latest information on tickets and touring.Neil Robinson, NME’s publishing and online director said: “Readers are already using NME.com to buy their tour tickets and check our daily news updates…Improving the convenience of customer’s… Continue reading NME Launches Text Message Alert Services