More Industry News articles

Havas Advertising, the French network which recently dropped out of the bidding for Tempus (see Havas Will Not Renew Tempus Offer), this morning released results which fell below expectations. The company also issued a profits warning on its full year results saying that its operating profit margin was likely to fall to between 10 and… Continue reading Havas Reveals Disappointing Interim Results And Warns On Full Year Profits

Jazz FM has reported its first full-year profit this morning of £134,000, up from last year’s loss of £489,000. However, the group warned that due to the recent attacks on the US and prevailing uncertain market conditions, the outlook for the coming year is very difficult to forecast. Turnover at the station rose by 57%… Continue reading Jazz FM Moves Into First Full-Year Profit

WPP announced this morning that it was pressing ahead with its 555p-a-share offer for media buying group Tempus (see Tempus Confirms WPP Offer) after declaring that the 90% acceptance level had been passed. WPP has now declared the offer unconditional and extended it to 3pm on October 15. However, in its statement, the company reiterated… Continue reading WPP Goes Ahead With Tempus Bid

Future Network, which announced the details of its refinancing plan after suspending its shares on Friday (see Future Announces Refinancing Plan), saw stock fall 6.12% yesterday, to finish at 23p, a loss of 1˝p on the previous day.Granada managed a modest rise yesterday, despite Goldman Sachs downgrading its forecasts to reflect a 15% decline for… Continue reading Sharewatch

The outdoor industry experienced a 3% rise in ad revenue in the first half of this year, according to the latest figures from the Outdoor Advertising Association (OAA).Year on year analysis by the OAA reveals that outdoor revenue was up 14.6% year on year in Q1, but down 5.8% in Q2.Chairman of the industry body,… Continue reading First Half Revenue Rises For Outdoor

Jack Myers Reports today quotes UK ITV advertising revenue forecasts from Merrill Lynch, which estimate that revenues will be down by 14.6% this year and come in flat the following year. The 14.6% decline for the full year matches MediaTel’s agency estimate collations for the calendar year to July, which show a 14.5% fall on… Continue reading Merrill Lynch Forecasts Show ITV Revenue Down 15% In 2001

Despite the release of a number of trading statements and interim results last week, confirming the pessimism hanging over the industry (see Media Market Round-Up), some companies managed to see shares rise in week on week analysis.Capital, which released a trading statement confirming the downturn affecting radio advertising revenue, saw shares rise in week on… Continue reading Sharewatch

BARB has announced that it is entering the final phase of installation of its new panel for the TV audience measurement system which begins on 1 January 2002. The panel is made up of entirely new households totally more than 5,200, overtaking the current total of 4,485.In line with plans set out by BARB before… Continue reading New BARB Panel Nears Completion

The deadline for shareholders in Tempus to accept the £437 million takeover bid by WPP is set for 3:00pm today. It is expected that the 90% acceptance level required to seal the deal will be easily achieved, although there is still some speculation that WPP may attempt to pull out of the deal even if… Continue reading Deadline Approaches For Tempus Shareholders’ WPP Decision

Rumours of negotiations between ITVDigital and BSkyB resurfaced today with reports that Carlton and Granada, joint owners of ITV Digital, are meeting with the rival satellite operator with a view to co-operation and possible carriage of ITV channels on the Sky platform.ITV has promised in the past to secure carriage (see Newsline), but has been… Continue reading ITV Partners May Co-operate With BSkyB