Media companies were subjected to a rough ride yesterday as the FTSE 100 index closed at its lowest level for three years. Chrysalis, which announced the closure of all of its new media interests with the exception of its sports network Rivals.com (see New Media Write-Offs Cost Chrysalis £9.6m), saw shares fall 12.5% yesterday to… Continue reading Sharewatch
Profits at SMG have been heavily impacted by the slowdown in the advertising market and an increase in the group’s ITV licence fees, the interim results released this morning have shown. Pre-tax profit was down by 33.7% to £19.9 million for the six months to 30 June, whilst operating profit fell by 12% £32 million.… Continue reading SMG Profits Stung By Ad Slowdown
The latest figures from the Audit Bureau of Circulations (ABC) show that the national newspaper market as a whole saw a month on month increase of 0.6% from July to August this year.The success story of the month was Sport First which managed a 32.7% increase in circulation, allowing it to overtake fellow sports title… Continue reading National Newspaper ABC Round-Up August 2001
The Independent Television Commission (ITC) has today published Culture and Communication, a major new study into the future of broadcasting and communications.The study aims to identify priorities for the Government as it prepares legislation for the media and communications industry over the next ten years. It offers analysis of the market, policy proposals for the… Continue reading ITC Publishes Communications Study
Media companies BSkyB and Pearson have joined forces in a content partnership deal that will see FT.com provide content for Sky News Online.Under the deal. FTyourmoney, the personal finance channel of FT.com, will create a tailored personal finance site for Sky News Online. The site, called yourmoney will allow Sky users to access information on… Continue reading BSkyB and Pearson In Content Deal
The latest figures from the Audit Bureau of Circulations (ABC) show that the national newspaper market as a whole saw a month on month increase of 0.6% from July to August this year.The success story of the month was Sport First, which managed a 32.7% increase in circulation, allowing it to overtake fellow sports title… Continue reading National Newspaper ABC Round-Up August 2001
Channel 4 is cutting back its investment in programming for 2001 due to the advertising downturn that is affecting the industry.The channel, which last year spent £423m on programmes, has reduced its ambitions for programming in 2001 due to the “difficult financial market.” While the investment in programming for 2001 will be higher than last… Continue reading Channel 4 Feels The Pinch
US online adspend fell by 10% year on year in the first half of 2001, according to figures released today by CMRi, the internet division of advertising and marketing communications group, CMR. CMRi estimates that US internet adspend for H1 2001 totalled $1.5 billion. Yahoo continued to drive overall website revenues with a total of… Continue reading Internet Hit By Ad Downturn As Spend Drops 10% In First Half
According to the recent report Online Teen Spending, 2001, Datamonitor forecasts that by 2005 teenagers will spend up to $10.6 billion online, a rise from $483 2000. The survey looked at teenage spending online in seven EU countries and the US and found that online penetration amongst teenagers was often higher than amongst the population… Continue reading Teenagers Will Spend $10.6 Billion Online In 2005, Says Datamonitor
