More Industry News articles

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

Emap is to launch its monthly music magazine, Q, on the radio.Radio Q will launch on 6 October and will broadcast round the clock on 87.9FM in the run up to Emap’s Q Awards 2001, which take place on 29 October.The station, which will be broadcast across North London on a restrictive service licence, will… Continue reading Emap Launches Radio Q

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 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

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

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

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

The mood of the UK stock market darkened yesterday with the worsening outlook taking its toll on media stock.RTL, which confirmed the difficult market conditions in its interim results earlier this week (see RTL Postpones Float; Results Hit By Ad Slowdown), saw shares plunge 43.10% to finish at £20.87, a loss of £15.81 on the… Continue reading Sharewatch

Havas Advertising has this morning announced that it will allow its offer for Tempus to lapse after the next deadline, Monday 24th September, has passed. Earlier this week the group extended the period for acceptance of its original offer but resisted the opportunity to make a higher bid. Now Havas says that it will let… Continue reading Havas Will Not Renew Tempus Offer