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The German advertising market is now looking extremely weak, according to an analysis of ACNielsen data by ABN Amro. The broker says that its previous forecast growth of 0.7% is now too high and is instead predicting a decline of 0.2% for the full year. The worst hit sectors will be outdoor and newspapers and… Continue reading German Ad Market Is ‘Extremely Weak’

According to PricewaterhouseCoopers, significant change is underway in the Information, Communication and Entertainment markets. In the report “The New Ice Age: Focusing Around The Individual”, PWC puts forward it’s forecasts for the future of these markets and assesses the outlook for companies operating within this environment in the UK. Considering the current turmoil of the… Continue reading The New ICE Age, PWC Reports On The Information, Communication And Entertainment Markets

Global advertising agency Interpublic Group (IPG) on Friday revealed Q2 financial results slightly below expectations and warned that the full year figures are likely to be below analysts’ current consensus. A slowing in marketing spend knocked IPG’s revenue from US clients back by 7.3%; international revenue remained flat. Earnings per share were down 43% at… Continue reading Interpublic Group Results ‘Not Acceptable’

Pearson’s interim financial results showed a pre-tax profit of £5 million, ahead of the expected consensus loss of £10 million and slightly below the £11 million profit forecast by ABN Amro. A difficult period in terms of revenues in both its education businesses and advertising generally has caused Pearson’s stock to weaken recently. The Financial… Continue reading Pearson Results Show FT Profits Hit By Ad Downturn

European broadcaster RTL has this morning issued its second profits warning (see RTL Says 2001 Earnings Will Be Flat In Current Ad Climate), saying that trading during March has come in below expectations. Furthermore, the group says that visibility in the European television sector has deteriorated further. RTL says that given the lack of visibility,… Continue reading RTL Issues Second Profits Warning And Offers No Visibility

BSkyB, which released its full year results last week (see Sky Still Strong Despite Pre Tax Losses), saw shares climb 14.41%, week on week, to close at £7.78, an increase of 98p on the previous week.Maiden, which moved into the international market last week with the acquisition of three Irish based companies (see Maiden Goes… Continue reading Sharewatch

Press reports at the weekend suggest that United Business Media (UBM) is to cut around 400 staff from its workforce. It is expected that the majority of the losses will come from the CMP business publishing division in the US. CMP has suffered heavily at the hands of the deterioration of hi-tech advertising spend, which… Continue reading UBM To Axe 400 Jobs, Say Reports

The culture secretary, Tessa Jowell, will today suggest that the ITC adopt a “new rapid response” approach to complaints after the commission failed to react to outrage caused by Channel 4’s Brass Eye.The ITC received hundreds of complaints from viewers objecting to Thursday night’s episode of Brass Eye, a satirical documentary on paedophilia, and have… Continue reading More Power For ITC?

According to Forrester, only the large media companies will be able to cope with the demands of European net users and provide multi-platform, multi-language content to local markets. “To thrive with international Web properties, multicountry localizers must wield their most effective lever — economies of scale from Pan-European online offerings — to consolidate assets and… Continue reading Large Portals And Multichannel Media Firms Will Successfully Meet Europe’s Localisation Challenge, Says Forrester

Cordiant, the global marketing communications group, has acquired 100% of Presentation Communications International (PCI), a European live communications specialist. Based in London with over 60 employees, PCI designs and produces live events, exhibitions, videos and brand environments for clients which include Microsoft, Toyota, B&Q, BT, Marks & Spencer and Ford. The acquisition further enhances Cordiant’s… Continue reading Cordiant Acquires European Live Communications Specialist