The prospects for troubled publisher Future Network are uncertain this morning, after the company announced a suspension of shares instead of its expected interim results.Shares in Future have seen a major decline from their £9 high at the beginning of 2000. Last year the discovery of accounting errors at the company’s French subsidiary gave a… Continue reading Future Network Suspends Shares
Media Market Round-UpCompiled from this week’s City News reports on MediaTel Insight: The Future Network, which was expected to announce interim results today, has this morning issued a statement saying that shares have been suspended pending a further announcement later today. Coverage will follow on NewsLine and MediaTel Insight as further information emerges. On Wednesday… Continue reading Media Market Round-Up
Future Reveals LossesShares in Future Network remained suspended this afternoon as the group released its delayed interim results. In a statement this afternoon, Future said that shares had been suspended “in order to prevent a false market developing ahead of a significant refinancing announcement”. Details of the refinancing deal are expected ‘shortly’ and shares will… Continue reading Future Reveals Losses
According to Digital Set-Top Box Market Review & Forecast 2001 – 2007 released this week by Jon Peddie Associates, the worldwide set-top box market is poised for significant growth despite technologial challenges and the current economic troubles in the entertainment market. “The struggle between low cost and the increased capabilities of digital set-top boxes will… Continue reading 397.5 Million Digital Set-Top Boxes Will Be Installed Worldwide By 2007, Says JPA
European media group Bertelsmann yesterday announced full year results for the period to June 2001 and continues to prepare for its IPO, expected in 2002/2003. Sales were reported to be up 21% to E20 billion and net income was up 35% to E1.5 billion. Operating margins for the group have fallen from 7.5% to 6%,… Continue reading Bertelsmann Still On Track For IPO Despite Fall In Earnings
Shares in Cordiant Communications fell by over 40% this morning following the issue of a profits warning by the marketing and communications agency. After closing at 95½p yesterday, shares in Cordiant had slumped to 56p in opening trade this morning. Cordiant said “Trading conditions in our industry are currently the most difficult experienced in recent… Continue reading Shares Slump As Cordiant Issues Profits Warning
Shares in Future Network remained suspended this afternoon as the group released its delayed interim results. In a statement this afternoon, Future said that shares had been suspended “in order to prevent a false market developing ahead of a significant refinancing announcement”. Details of the refinancing deal are expected ‘shortly’ and shares will remain suspended… Continue reading Future Shares Remain Suspended As Losses Are Revealed
Troubled publisher Future Network has this morning suspended its shares pending a further announcement from the company later today. Shares in Future have dropped dramatically over recent months after reaching highs of 900p during the tech boom last year (see Future Network ‘Pushed Off Course In Bruising Year’). Yesterday Future Shares closed at 24½p. Last… Continue reading Future Suspends Shares Pending Further Announcement
As reported earlier in the week, the radio sector is now also feeling the advertising downturn that is sweeping the media industry, with analysts downgrading their forecasts for Capital Radio accordingly (see Forecasts). GWR Group this morning said that it too has not escaped the downturn in advertising, which has been affecting the sector worldwide… Continue reading GWR ‘Extremely Cautious’ On Advertising Outlook As Revenues Fall 3.5%
Outdoor advertising group, Maiden, has this morning reported a solid performance for the half year, with sales rising by 8.4% to £41.2 million. This demonstrates strong organic growth at the company and substantially outperforms the outdoor market, which saw growth of 3% during the same period. The outdoor sector itself has been the strongest medium… Continue reading Maiden Shows Strong Performance, But Hit By US Tragedy
