Shares in ITV companies began to fall this morning as analysts at Merrill Lynch cut their forecasts for the Network’s advertising revenues. Reports quote the broker as pulling back 2001 growth from -14.5% to -15.5%; 2002 figures are understood to have been revised from -2.0% to -2.5%. Poor advance bookings for December are thought to… Continue reading ITV Stock Hit By Merrill Lynch Downgrades
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WPP, which is still awaiting a decision as to whether it will be allowed to back out of its deal with Tempus (see WPP Seeks Escape From Tempus Deal), was the best performer in yesterday’s FTSE 100. Shares were up 8.38% to finish at £5.36˝, an increase of 41˝p on the day before.Shares in Carlton… Continue reading Sharewatch
Worldwide business to business (B2B) e-commerce is to grow by 83% this year to a value of $516 billion, according to a report released on 10 October by IDC. The longer term growth forecast shows the value of B2B e-commerce rising from $282 billion in 2000 to $4.3 trillion by 2005 – a compound annual… Continue reading Worldwide B2B E-Commerce To Hit $4.3 Trillion By 2005
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A consultation asking for views on how to regulate the media industry will be published next month, it was announced yesterday by Culture Secretary Tessa Jowell, but in a speech in Belfast, while supporting the idea of building a competitive market, she hinted that support for a reduction in the plurality of ownership could be… Continue reading Jowell Announces Communications Consultation
Shares in ITV companies began to fall this morning as analysts at Merrill Lynch cut their forecasts for the Network’s advertising revenues. Reports quote the broker as pulling back 2001 growth from -14.5% to -15.5%; 2002 figures are understood to have been revised from -2.0% to -2.5%. Poor advance bookings for December are thought to… Continue reading ITV Stock Hit By Merrill Lynch Downgrades
Wireless internet access is on the rise, according to research company IDC. A report released last week – US Wireless Internet Subscriber Forecast and Analysis, 2000-2005 – predicts that the number of wireless Net subscribers will reach 84 million by 2005, representing a compound annual growth rate (CAGR) of 73% from the 5 million users… Continue reading US Wireless Internet Users To Number 84 Million By 2005
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ITV is moving The Premiership from its 7pm slot to a later time of 10.30pm, after the sports highlights programme failed to attract enough viewers. A move of this nature has been predicted by media-watchers ever since the timing of the new show was announced, and disappointing audience figures have added weight to the argument… Continue reading ITV Relegates Premiership
Regional newspaper publisher Johnston Press has formally requested that the acquisition of eight titles from rival publishing group, Trinity Mirror, be investigated by the Competition Commission (CC). The move follows competition minister Melanie Johnson’s decision not to allow the deal to go ahead without a CC investigation (see Johnston Considers Requesting Regulator Approval For Trinity… Continue reading Johnston Press Refers Free Trinity Papers Acquisition To Competition Commission
According to the latest eCommercePulse survey from Nielsen//NetRatings, online buying will rise by over 40% this Christmas reaching $9.9 billion compared to $6.9 billion last year. The report forecasts that in excess of 106 million people will shop online in December 2001, 27% more than the 85 million who bought online in 2000. “The number… Continue reading Online Spending This Christmas Will Net $10 Billion