Tempus Group have, this morning, issued a response to WPP’s attempts to withdraw from their proposed offer for the group last week. Tempus said: “On the basis of the submission made by WPP, which Tempus has been permitted to see, the Board of Tempus is firmly of the view that there are no grounds for… Continue reading Tempus Says ‘No Grounds’ For WPP Withdrawal
ITV’s efforts to attain carriage for its flagship channel, ITV1, on digital satellite, were boosted today by the tabling of an Early Day Motion (EDM) by MP Chris Bryant, the Labour member for the Rhondda, which formed part of his campaign to get ITV1 carried on Sky Digital by Christmas.Bryant points out that in some… Continue reading MP Calls For End To Digital Deadlock
JCDecaux has launched a strategic client sales unit to offer creative advice to advertisers and emphasise the opportunities available in outdoor.The unit will work with clients to inform them of the developments in both large and small format advertising and will advise brands on how make the most of their marketing plans. The department will… Continue reading JCDecaux Launches Client Sales Unit
Global media giant AOL Time Warner defied the current advertising malaise by reporting a Q3 earnings increase of 20%. AOL Time Warner CEO Jerry Levin once again (see AOL Confident That Adspend Slowdown Has Arrested) cited diversity of interests as the reason why his company had managed such a healthy performance in such poor conditions.… Continue reading AOL Time Warner Reports Q3 Earnings Up 20% To $2.5 Billion
Pearson has warned investors that, if there is no improvement in market conditions, profits at FT Group could fall by as much as 40% for the full year as ad revenues are hit across the group. In a statement this morning the group said that advertising cancellations coupled with a decline in new business generated… Continue reading Pearson Warns That FT Profits May Fall By 40%
Cable company, Telewest Communications, is to receive £125 million of additional funding from GE Capital as part of the company’s £2.25 billion bank facility. The capital represents half of a £250 million commitment from institutional investors, as announced in March (see Telewest Signs £2.25bn Refinancing Deal) Charles Burdick, group finance director of Telewest, said: “This… Continue reading Telewest Receives
Tempus Group have, this morning, issued a response to WPP’s attempts to withdraw from their proposed offer for the group last week (see WPP Seeks Escape From Tempus Deal). Tempus said: “On the basis of the submission made by WPP, which Tempus has been permitted to see, the Board of Tempus is firmly of the… Continue reading Tempus Says ‘No Grounds’ For WPP Withdrawal
According to the latest Bellwether Report from the IPA, companies reducing their advertising budgets for 2002 will be outnumbered almost two to one by those increasing their spending. The current downturn will be brief, according to those surveyed and 2002 will see the return of advertiser confidence. Of those questioned, 42% of companies setting new… Continue reading Q3 Bellwether Report Suggests Downturn Will Be ‘Brief’
As with virtually all media companies, the after-effects of the 11 September attacks on the US have been felt harshly at US newspaper and television group Gannett. The company estimates that between $15 and $20 million was lost following the attacks, as TV stations ran commercial-free and newspapers lost advertisers. Gannett saw total operating revenues… Continue reading Gannett Sees Swifter Ad Improvement As Attacks Hit Revenues
Analysts at ABN Amro have reappraised their outlook of VNU, the Anglo-Dutch publishing group, after its stock has fallen more than 40% in the last twelve months. The broker says that VNU has substantially altered its business mix over recent months, moving away from the volatile advertising-dependent activities such as consumer publishing and toward the… Continue reading VNU Builds Defences, Says ABN
