More Industry News articles

According to recent report by Oftel, there are now six million more internet households in the UK than there were a year ago. OftelÂ’s residential survey shows that 10 million (40%) of UK households were online in May 2001, an increase of 3.75 million in a year. Source: Oftel, July 2001

Bidding for the four-year ITV news contract closes today and ITN will be challenged for the first time by the Channel 3 News consortium.ITN has provided news on the ITV network for 46 years and will face competition for the contract, which begins in 2003 and is thought to be worth in excess of £150m,… Continue reading Bidding Closes For ITV News Contract

Scottish Radio Holdings (SRH) has paid £3.2 million for the remaining 60% stake in Carlisle Radio (CFM) it does not already own, the group announced this morning. CFM started broadcasting to Carlisle and West Cumbria in April 1993 and covers an area with a population of 230,000; 47% tune in each week. Its share of… Continue reading Scottish Radio Takes Remaining 60% Of Carlisle Radio

Emap Performance has closed its rock, rap and lifestyle magazine, Kingsize, after just four issues.The magazine, aimed at the youth market, was launched in March to fill the gap left by the closure of indie music magazine Select, which closed in January after sales dropped (see Launches And Closures: Press).Kingsize, which had a cover price… Continue reading Emap Closes Kingsize

Cinema admissions in June reached 9.4m and were up 21% on the same period last year, according to The Cinema Advertising Association (CAA).The box office soared during June with cinema admissions averaging 2.18 million a week. This was largely due to Pearl harbour, which took £10.4m, throughout the month, making it June’s top film. Animated… Continue reading Cinema Reaches For The Sky In June

National commercial speech station talkSPORT is to be allowed to provide a separate football programme for Scotland and Northern Ireland. The station asked to establish the “split” service in order to provide phone-ins and coverage which covered the Scottish Premier League rather than the English one.The station is capable of broadcasting in this way due… Continue reading TalkSPORT Allowed To Split Scottish Football

Channel 4 is launching 4 Creative, a new commercial venture specialising in TV related cross-platform marketing.4 Creative has been set up in response to the increasing demand for Channel 4’s creative services department to take on projects that fall outside the day to day requirements of programme promotion. It will take over from the creative… Continue reading Channel 4 Gets Creative

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

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