IPC is extending its Practical Parenting brand with the publication of a one-off special edition called Buying for Baby.The 116-page glossy, which launches next month, will be aimed at mums-to-be and is intended to be a consumer reference guide to the best baby products on the market. Jayne Marsden, editor in chief of Practical Parenting,… Continue reading IPC Extends Practical Parenting Brand
Cable and Wireless yesterday issued a trading update ahead of its full year results forecasting that the group’s revenues will fall by 10%. Cable & Wireless chief executive, Graham Wallace, said: “Despite a backdrop of continuing difficult market conditions expected to contribute to a 10% decline in Cable & Wireless Global’s revenue, we are achieving… Continue reading Cable & Wireless Warns On Profits Ahead Of Results
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
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
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
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
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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
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
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
