Future Network, which was forced to issue a statement yesterday reassuring investors that it was financially stable after severe week on week losses (see Future Reassures Investors), saw shares rise 34.78% yesterday, to close at 31p, an increase of 8p on the previous day.Bright Station, which has rebranded as Smartlogik (and will be referred to… Continue reading Sharewatch
A new survey commissioned by Oftel shows that UK home internet use continues to rise with figures revealing that four million homes were connected in the last 12 months. The survey, conducted in May 2001, reveals that 10 million homes now have internet connections, up from 6 million in May 2000 and 8.5 million in… Continue reading UK Internet Use Continues To Rise
Guardian Media Group chairman, Paul Myners has been appointed as the first non-executive director on the BT Wireless board. He has been appointed alongside Andrew Sukawaty, former chief executive of NTL, who becomes deputy chairman.Chairman David Varney whose board preparing for a future demerger, described the pair’s experience as “invaluable”.Subscribers can access ten years of… Continue reading GMG Chair On BT Wireless Board
Digital One has reached 80% transmission coverage of the UK mainland population by switching on four new transmitters. Digital radio is now available to a potential 44.85m people in the UK, although only a fraction of this number have the equipment to listen to digital radio broadcasts. The licence requirement for Digital One is to… Continue reading Digital Radio Reaches 80% Coverage
UK cable market leaders NTL and Telewest have joined forces in a national marketing campaign designed to boost British broadband uptake. Both companies offer customers broadband cable modem internet services at £24.99 per month which compares favourably with BT’s £39.99 per month ADSL access.Currently broadband cable access is available to around 9 million homes in… Continue reading NTL Teams With Telewest
Capital Interactive (CI), the online music arm of Capital Radio, today announced a deal to become the first web-radio provider for MSN.co.uk, supplying MSN’s 11m monthly users with three narrowcast web-radio stations.ATK13, Chyra and Glisn will be available on the MSN site around the clock from 23 July. ATK13 will be found on the MSN… Continue reading Capital In Web Deal With MSN
Attic Futura has announced that Shine magazine is to close. Publication of the women’s health and beauty glossy, which launched two years ago, will be suspended from August.According to the publisher, sales of the magazine have proved difficult to sustain in recent months and the decision to fold comes after “disappointing sales in a highly… Continue reading Lights Out For Shine Magazine
MondayMediaTel’s weekly media focus and analysis, Media Track, is featured in Media Business.WednesdayTotal Publishing opens its show and conference at Earls Court. Free seminars include an interview with IPC chief executive Sly Bailey.ThursdayTotal Publishing Show continues. Interviewees at free seminars include Sally O’Sullivan, chief executive of Cabal Communications and Mark Frith, editor of last year’s… Continue reading The Week Ahead
A sharp fall in the market value of Future Network has led the company to issue a reassuring statement this morning. Future says that there has been no deterioration in its financial condition, the performance of its businesses or in the company’s expectation of its performance since the previous trading statement was posted on 8… Continue reading Future Reassures Investors
A quarter of Europe’s economic growth will come from e-commerce by 2004, according to a new report by Andersen. It estimates that between 2000 and 2004, 24% of European economic growth will come from e-business – providing investments are made in broadband connections. The report claims that without e-business revenues, annual European economic will be… Continue reading E-Commerce Will Boost European Economic Growth, Says Andersen
