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The Competition Commission (CC) will now have until 19 April to report on the proposed acquisition by Johnston Press of eight Trinity Mirror newspaper titles, it was announced today. The Commission had previously been due to report on the takeover tomorrow (see Regulator Questions Johnston’s Latest Acquisition). The CC requested an extension to the investigation… Continue reading Commission Considers Trinity’s Acquisition Of Johnston Press Titles

Cable & Wireless issued a profit warning in its trading statement which prompted one of the heaviest falls among media stocks yesterday, of 16˝p to £2.12. Shares in Granada also took a tumble, sliding 6.6% to end at £1.02.Strong results from marketing giant WPP initially caused a slump in the company’s share price (see WPP… Continue reading Sharewatch

Reed Elsevier released full year results for 2001 today which revealed that heavy internet investment is beginning to pay off. Revenues for 2001 were up 21% to £4,560 million with adjusted pre-tax profits up 23% to £848million. Underlying revenue rose by 3%, overall operating margins were 1% higher at 22%and operating cashflow conversion was strong… Continue reading Reed Delivers Strong Results And Reaffirms Growth Expectations For 2002

The proposed £50m merger between internet research group NetRatings and its main rival Jupiter Media Metrix has collapsed following opposition from US anti-competition authorities.NetRatings, which is 64% owned by VNU, announced last October that it planned to acquire Jupiter MMXI’s global operation and integrate it with its own online research and measurement services (see NetRatings… Continue reading £50m Internet Merger Collapses

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The existing US television ownership rules must be reviewed, a US Appeals Court has determined. Currently, TV station ownership is restricted so that no one network can reach more than 35% of US households (see Viacom Networks Leave NAB Over Audience Limit); it also prevents operators from owning cable systems and broadcast TV stations in… Continue reading US Television Ownership Restrictions Must Be Reviewed, Says Court

Ads relating to perfume have led complainants to kick up a stink with the ASA this week. One, a London Underground poster for radio station Xfm’s Christian O’Connell breakfast show, pictured an old lady listening to the station on headphones. A caption read like a fashion spread: “This page Doris wears woollen skirt from Charity… Continue reading ASA Leaves Advertisers Smelling Of Roses

Telewest was the worst performer in yesterday’s media market. Shares dipped 11.96% to close at 20źp following increasing concern over the financial condition of the company.At the other end of the scale Daily Mail and Reed both saw stock rise ahead of their forthcoming results. The former was up 2.42% to finish at £6.55˝, while… Continue reading Sharewatch

Six of the top ten advertisers by spend in 2001 decreased their investment year on year in 2001, according to an analysis of ACNielsen MMS figures published in this week’s Marketing magazine. Those who lowered their adspend in included Proctor & Gamble, which dropped from first to second position in the top 100 league following… Continue reading Spending By Top 100 Advertisers Down YoY

The FT reports this morning that debt-laden German media group Kirch has begun the sell off of key assets in order to satisfy demands from its creditors. This includes Formula One, 58% owned by Kirch, which was sold by Bernie Ecclestone to Kirch for £1 billion. It is now thought that the Formula One magnate… Continue reading Kirch Sell Off Begins