More Industry News articles
Dr Kim Howells has been appointed Minister for Tourism, Film and Broadcasting as the Blair government settles in for a second term. Howells, MP for Pontypridd, has been given the role of Parliamentary Under Secretary of State for the Department of Culture, Media and Sport (DCMS), now headed up by Tessa Jowell (see Smith Replaced… Continue reading New Minister For Tourism, Film And Broadcasting Appointed
As expected, Granada dropped into loss during the first half of this year, mainly due to the continued downturn in ITV advertising volumes .Pre-tax loss for the six months to 31 March, after exceptionals, digital spend and goodwill, came in at £69 million. This is dramatically down on the £239 million profit the company made… Continue reading Continued Ad Revenue Woe At Granada, But Results Are Top End Of Predictions
Leading media analysts ABN Amro have downgraded their global ad forecasts following a “weaker than expected start to 2001”. Estimates for global advertising growth, which had previously stood at 3.4%, have now been reduced to just 1.3%. Amro cites weaknesses in the telecoms and technology markets, shifts in media mix by FMCG companies and the… Continue reading ABN Amro Downgrade Global Ad Forecasts
Granada, which will today announce its interim results, saw shares slide 1.96% yesterday, closing at £1.67, a loss of 3.34p on the previous day,.Cordiant and Telewest suffered the most significant losses of the media groups yesterday. The former fell 9.82% to finish at £2.21, with a loss of 24p. The latter faltering by 5.17% to… Continue reading Sharewatch
It seems that hopes of an advertising recovery in the second half are rapidly diminishing. ITV giant, Granada, this morning admitted it could see no end to the downturn (see Continued Ad Revenue Woe At Granada, But Results Are Top End Of Predictions), echoing comments made by Carlton Communications a few weeks ago (see Carlton… Continue reading Insight Analysis: Ad Downturn Could Get Worse Before It Gets Better
After Reuters announced plans for major organisational restructure last week (see 500 Jobs To Go At Reuters Thanks To Restructure), shares dropped 3.61% yesterday, to close 36p down at £9.60, in what was the worst media performance of the day.At the other end of the scale The Wireless Group, which yesterday sold Scot FM to… Continue reading Sharewatch
The Financial Times has published an open letter to the newly returned Prime Minister, urging him to push ahead with the communications bill, now that the need to keep the media on-side is diminished following the election.The letter, by media reporter Andrew Ward, hints at the media’s displeasure at Chris Smith’s removal (see Smith Replaced… Continue reading FT Urges PM To Push For Action On Communications Bill
TalkSPORT has secured its largest sponsorship deal yet. The £1m sponsorship deal will see John Smith’s back the station’s sports breakfast show.The new No Nonsense Sports Breakfast will air Monday to Friday for 53 weeks from July 2, and will carry live and pre-recorded credits and trails advertising the John Smith’s brand.Sales director at TWG… Continue reading talkSPORT Sponsorship Deal Brings Beer To Breakfast Time
Shares in the broadcasting sector took a slump yesterday as reports claimed that Granada’s financial results, due tomorrow, will show deepening woes for ITV’s advertising revenues.The Financial Times says that ITV ad revenue is likely to be down almost 25% in July; in April revenues were down by 18.9%, according to buyers’ estimates collected by… Continue reading Reports Predict Continued Gloom From Granada Results