More Industry News articles

UK media planning and buying and agency, Tempus, has this morning said that its business outperformed the advertising market in what chairman Chris Ingram described as “one of the most difficult years our industry has faced.” Tempus’ interim results come as global advertising and communications group, WPP, is hovering to seal a takeover of the… Continue reading Tempus Results Show Decent Performance In Tough Conditions, But Jobs Likely To Go

Capital Radio has acquired a 19% stake in Tainside, the company which owns and operates the two Choice FM radio stations in London. The group paid £3.3 million for the interest and has an option to acquire the remaining 81% of the issued share capital of Tainside. The transaction values the entire business at £16… Continue reading Capital Radio Takes Stake In Choice FM

Shares on the UK stock market staged a recovery from the difficulties experienced recently, following a strong opening on Wall Street.In spite of a advertising forecast downgrade by ABN AMRO, BSkyB saw a rise of 56p or over 10% to finish at £6.Carlton, which saw heavy losses over last week (see Sharewatch), rallied yesterday, finishing… Continue reading Sharewatch

The Financial Times has restructured its advertisement sales department, incorporating it into the wider display department and promoting the ad sales team.The restructure will give increased responsibility to the existing head of UK display sales, Charlie Brookes and will see James Burton report to Brookes in the role of financial sales manager. Former head of… Continue reading FT Restructures Ad Sales Team

Zenith Media has launched a damning attack on ITV’s decision to press on with the investment in its digital terrestrial TV service, ITV Digital. According to the MediaGuardian website today, the media buying agency – one of ITV’s biggest customers – has said in a report that nothing short of ‘divine intervention’ will save the… Continue reading Zenith Report Scorns ITV’s Digital Plans

Newspaper publishing groups Johnston Press and Trinity Mirror are considering whether to ask approval from the Competition Commission for the proposed acquisition by Johnston of eight free weekly local papers from Trinity. The announcement follows Competition Minister Melanie Johnson’s decision not to allow the deal to go ahead without investigation by the Competition Commission first.… Continue reading Johnston Considers Requesting Regulator Approval For Trinity Papers Acquisition

The entire media sector has been substantially downgraded by analysts at ABN Amro, following the attacks on the US on Tuesday 11 September. The broker says that the outlook for advertising has deteriorated ‘significantly’ in the two weeks since the tragedy and there will be a negative short-term effect, particularly for broadcasters. ABN is now… Continue reading ‘Deteriorating Prospects’ For Media Sector

WPP is thought to be waiting to have a look at the interim financials of UK media planning and buying agency Tempus before deciding whether or not to proceed with its 555p per share takeover plan (see Tempus Confirms WPP Offer). WPP is now in a position to seal the deal unchallenged, following the withdrawal… Continue reading WPP Waits On Tempus Results Before Making A Move

The continuing advertising deterioration which has severely hit the television sector, is also having an impact on the radio industry, according to broker ABN Amro. Analysts there have just cut their forecasts for radio, with the adjusted figures predicting an 8.6% decline in 2001 and growth of just 0.3% in 2002. As radio revenue data… Continue reading Radio Forecasts Downgraded As Ad Slowdown Squeezes Tighter

Week on week analysis revealed another gloomy week for media companies as the outlook continued to worsen for the UK stock market in the wake of the US economic downturn.ITV companies Carlton and Granada continued to feel the pinch as analysts downgraded their forecasts yet again. Shares in Carlton were down 27.44% week on week… Continue reading Sharewatch