More Industry News articles

Magazine and internet publishing group, Future Network, is to sell the US edition of its Business 2.0 title to The Fortune Group, a division of AOL Time Warner. The move to dispose of Business 2.0 in the US follows the closure of the European edition after it suffered from a downturn in the business sector… Continue reading Future To Sell US Business 2.0 To Fortune Group

Future Network is to sell the US Business 2.0 magazine, brand and related conference and online activities to Time Group in a move designed to reduce Future Network’s debt. The initial cash consideration from Time will be £48.8m, with additional considerations dependent on financial performance until the end of 2006.The deal is expected to bring… Continue reading Future To Dispose Of Business 2.0 In Debt Reduction Exercise

“Never work with children or animals”, or so the saying goes, and the former category proved troublesome for advertisers this month when child-based adverts caused a volley of complaints to the Independent Television Commission (ITC).The advert prompting the highest level of complaint, from a total of 125 viewers, was for Pampers Total Care. The nappies,… Continue reading ITC Rejects Nappy Complaints But Blackballs Snowballs

There were a few bloodshot eyes and thumping heads in the Mediatel office (and doubtless elsewhere around Golden Square) this morning after last night’s MRG bowling tournament. This, of course, had nothing to do with the copious amounts of alcohol that were consumed from the free bar, but comes with the exhaustion experienced only by… Continue reading Mashers Mashed At MRG Bowling Tournament

Kevin Hand has stepped down from his position as PPA chairman, having last week resigned as chief executive of Emap following the company’s ill-fated US ventures (see Emap Chief Executive Resigns).PPA chief executive Ian Locks said that the organisation had received the news “with great sadness”, adding, “In resigning, Kevin recognised that the PPA needed… Continue reading Hand Steps Down As PPA Chairman

The IPA, in a conference held yesterday, announced that progress had been made towards clear joint-industry standards to provide greater accountability for both advertisers and media buyers when using the internet as a communications medium.Over 60 media buyers and advertisers attended the conference to hear speakers including Alan McCulloch, chairman of IPA, Bob Wootton of… Continue reading IPA Conference Announces Progress Towards Internet Audit

The Daily Mail and General Trust, which yesterday announced a pre tax profit of £71.6m for the half year, a year on year fall (see DMGT Remains Upbeat Despite Pre-Tax Profit Fall), was nevertheless the best media performer of the day, with stock climbing 4.93% to close at £7.97, a rise of 37.4p on the… Continue reading Sharewatch

One large and one small player dominated the performances of media shares yesterday. Bright Station appeared to pull back from the brink, its 1¼p rise to 9p per share translating to a 16% rise compared to the previous day. Meanwhile RTL’s rise of over £9 was a 23% increase on Tuesday’s closing price, bringing the… Continue reading Sharewatch

Advertising revenues at Daily Mail & General Trust’s (DMGT) Associated Newspapers division grew by 10.5% across the half year to 1 April 2001. The Daily Mail, Mail On Sunday, Evening Standard and Metro all performed well in terms of ad revenue and the division saw operating profit up 16% and turnover up 6%. Circulation of… Continue reading DMGT Results Flat, But Outlook Is Optimistic

Around 500 jobs are expected to be lost at Reuters, following an organisational restructure. The measures form part of an initiative by Tom Glocer, who is due to succeed Peter Job as CEO of the company at the end of July. The restructure affects the Board; Rob Rowley and Jean-Claude Marchand will step down in… Continue reading Reuters Restructure Costs 500 Jobs