The Audit Bureau of Circulations (ABC) is changing its rules so that all consumer magazines with display ad revenue over £5m a year will have to report large issue variances.Magazines with a variance of more than 20% above or below the average will have to report the change, which will then be included in published… Continue reading ABC Brings In New Rule
Shares in Cordiant Communications fell by over 40% this morning following the issue of a profits warning by the marketing and communications agency. After closing at 95½p yesterday, shares in Cordiant had slumped to 56p in opening trade this morning. Cordiant said “Trading conditions in our industry are currently the most difficult experienced in recent… Continue reading Shares Slump As Cordiant Issues Profits Warning
Cordiant Falls On Profits WarningShares in Cordiant Communications fell by over 40% this morning following the issue of a profits warning by the marketing and communications agency. After closing at 95˝p yesterday, shares in Cordiant had slumped to 56p in opening trade this morning.Cordiant said “Trading conditions in our industry are currently the most difficult… Continue reading Cordiant Falls On Profits Warning
Shares in Future Network remained suspended this afternoon as the group released its delayed interim results. In a statement this afternoon, Future said that shares had been suspended “in order to prevent a false market developing ahead of a significant refinancing announcement”. Details of the refinancing deal are expected ‘shortly’ and shares will remain suspended… Continue reading Future Shares Remain Suspended As Losses Are Revealed
The prospects for troubled publisher Future Network are uncertain this morning, after the company announced a suspension of shares instead of its expected interim results.Shares in Future have seen a major decline from their £9 high at the beginning of 2000. Last year the discovery of accounting errors at the company’s French subsidiary gave a… Continue reading Future Network Suspends Shares
Troubled publisher Future Network has this morning suspended its shares pending a further announcement from the company later today. Shares in Future have dropped dramatically over recent months after reaching highs of 900p during the tech boom last year (see Future Network ‘Pushed Off Course In Bruising Year’). Yesterday Future Shares closed at 24½p. Last… Continue reading Future Suspends Shares Pending Further Announcement
Media Market Round-UpCompiled from this week’s City News reports on MediaTel Insight: The Future Network, which was expected to announce interim results today, has this morning issued a statement saying that shares have been suspended pending a further announcement later today. Coverage will follow on NewsLine and MediaTel Insight as further information emerges. On Wednesday… Continue reading Media Market Round-Up
Future Reveals LossesShares in Future Network remained suspended this afternoon as the group released its delayed interim results. In a statement this afternoon, Future said that shares had been suspended “in order to prevent a false market developing ahead of a significant refinancing announcement”. Details of the refinancing deal are expected ‘shortly’ and shares will… Continue reading Future Reveals Losses
As reported earlier in the week, the radio sector is now also feeling the advertising downturn that is sweeping the media industry, with analysts downgrading their forecasts for Capital Radio accordingly (see Forecasts). GWR Group this morning said that it too has not escaped the downturn in advertising, which has been affecting the sector worldwide… Continue reading GWR ‘Extremely Cautious’ On Advertising Outlook As Revenues Fall 3.5%
ITV needs to win back the 16-34 year old audience, not only for its own sake, but for the sake of the commercial TV industry, according to Zenith Media. In the Autumn 2001 Zenith on TV report, out this week, the media analysts expressed concern at the 4.1% drop in 16-34 impacts seen in the… Continue reading ITV Needs 16-34s, Says Zenith
