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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

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

Channel 4 has acquired the terrestrial TV rights to The Simpsons after outbidding its rival Channel 5.Fierce bidding for the cult American TV show began earlier in the week after the BBC, which currently pays around £100,000 per episode for the show, withdrew from negotiations saying that the price had become “vastly inflated” (see BBC… Continue reading Channel 4 Secures Simpsons TV Rights

BBC Magazines is to create a new “Key Customer Group” to work alongside its existing sales teams and offer a “one stop shop” service for advertisers interested in cross media deals, as part of plans to extend its market reach.The creation of the new team will form part of plans to extend the group’s brands… Continue reading BBC Magazines Makes Global Plans

The US Department of Commerce (DOC) has estimated that for Q4 2001 B2C e-commerce sales were valued at $10 billion and accounted for 1.2% of total US retail sales during the period, according to eMarketer. The $10 billion figure represents a 13.1% rise in e-commerce sales in the US over the Q4 2000 period. Emarketer… Continue reading US Q4 Ecommerce Sales Forecasts Were Mostly Optimistic, Finds eMarketer

Rivals Digital Media has announced that from March this year all of its sports sites will submit to the ABCE audit, a move seen as significant support for the New Media industry’s efforts to establish standards of measurement.Richard Foan, managing director for ABCE said: “We are delighted to see Rivals Digital Media supporting the need… Continue reading ABCE To Audit All Rivals Sites

Latest figures from the Advertising Association suggest that regional press ad revenue is set to fall by 0.8% this year, compared to the -0.2% decline forecast by the AA in October. AA Regional Press Forecasts, YoY Change (% Growth)    1998  1999  2000  2001  2002  Sep-99  6.8 1.5 3.2     Dec-99  6.8 4.5 5.3… Continue reading Regional Press Forecast Comparisons From The AA

Dell.com ousted Casino-on-net.com to become the most popular online advertiser during January 2002. The site was visited by 7,478,000 individual users and commanded 45% reach of the total at-home internet universe. Mbna.com moved up from sixth position in December to third in January. The site gained exposure among 5,288,000 unique users and achieved 32% digital… Continue reading New Media Round-Up

A new video-on-demand distribution service, formed by MGM, Paramount, Sony, Universal Studios and Warner Bros is due to launch in the US soon. The service, Movielink, will create an open access IP based system for content delivery. Users will be able to download movies from the site and it is thought that the studios are… Continue reading MGM To Offer Downloadable Movies On The Net

Internet service provider (ISP) Freeserve claims to be signing up new users faster than ever before and has announced an increase of more than 100% in daily average subscriber growth compared to the fourth quarter of 2001.The total number of Freeserve customers now stands at just over £2.4 million and the company claims to have… Continue reading Freeserve Claims Unprecedented Subscriber Growth