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NTL has reported an increase in losses of 33% in its Q3 results, in line with targets for the year. Revenues were up 15% on Q2, reaching £132 million, whilst pre-tax losses grew to £713 million. The increase in losses is largely as a result of rising interest costs, NTL are struggling with a £70… Continue reading NTL Reports 33% Increase In Losses As Results Fall In Line With Forecasts

First quarter financial results released by News Corp yesterday show a weakening performance at News International (NI), the company’s UK newspaper publishing division.Operating profits at NI fell by 24% year on year for the quarter and whilst circulation increases post-11 September will boost revenues temporarily, this effect is likely to drop off over the coming… Continue reading NI Operating Profit Hit By Classifieds Downturn

Global market research company, Taylor Nelson Sofres (TNS), is to acquire Theatrical Entertainment Services and its sister company RapidChek Reporting (together TES) – the largest US supplier of box office sales and cinema tracking services to the film industry and cinema operators. TNS will pay an initial cash sum of £25.9 million (US$36.8 million) for… Continue reading Taylor Nelson Sofres Acquires US Cinema Ad Tracking Group

The future of ITV Sport could be endangered unless its £315m contract with the Nationwide football clubs is renegotiated, according to a report in today’s Financial Times. The paper maintains that ITV has concluded that the business cannot afford the cost of the contract under the existing terms.Analysts at ABN AMRO say that this view… Continue reading ITV Sport May Be Closed By Soccer Contract

Capital Radio, News International, BSkyB and Zenith Media are launching a research project to explore the public’s opinion of the largest media brands in the UK. Image and personality profiles will be revealed by the mediaDNA survey early next year for 85 of the top media brands in the country, which account for over 80%… Continue reading Consortium Launches Brand Opinion Survey

Global advertising forecasts from ABN Amro show a continuing decline across most regions, with the UK market forecast to drop by 6.1% this year and 1.1% in 2002. Europe as a whole will show a slightly more modest decline of 4.3% this year and 1.0% next year. North America, meanwhile, is to show a weaker… Continue reading Global Advertising Forecasts From ABN Amro

Future Network was one of the best performers among the media shares yesterday, its price climbing 1¼p or over 5% to 25½p. The company is due to launch a preview issue of the official UK magazine for the Xbox games console, timed to coincide with the product’s US launch.At the other end of the scale,… Continue reading Sharewatch

NTL and Telewest are developing a joint interactive television service due to launch on the broadband spectrum next year.The “enhanced broadband service” will be available to both NTL and Telewest customers and will link programming and interactive services such as shopping, betting and games over a high-speed cable network.A spokesman for NTL said: “The service… Continue reading NTL And Telewest To Launch iTV Service

The professional media arm of United Business Media, CMP Information, has begun a consultation process with its staff this week regarding a £10m cost reduction proposal which could see the loss of 200 jobs.The magazine and events business is headquartered in the UK but also operates in the US and Europe. Its portfolios cover ten… Continue reading UBM Begins Job Cuts Consultation At CMP

The future of ITV Sport could be endangered unless its £315 million contract with the Nationwide football clubs is renegotiated, according to a report in today’s Financial Times. The paper claims ITV has concluded that the business cannot afford the cost of the contract under the current terms. Analysts at ABN Amro back this assessment,… Continue reading ITV Sport Closure Threatened By Cost Of Nationwide Contract, Says FT