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According to the May edition of the Forrester research Online Retail Index, total US spending on online sales decreased from $4.3 billion in April to $3.9 billion in May. This was due largely to a seasonal drop in online travel bookings and a drop in the number of US households shopping online – down to… Continue reading Online Shopping Falls In US

Goldman Sachs has downgraded its 2001 and 2002 earnings forecasts for Pearson, owner of the Financial Times, due to concerns about the retracting advertising advertising market, according to reports. The broker has reduced Pearson’s earnings per share (EPS) estimates for this year from 47.8p to 40.0p and for 2002 to 58.3 pence from 71.1p. Particularly… Continue reading Goldman Sachs Downgrades Pearson Figures

GWR chief executive Ralph Bernard suggested today that aspects of last year’s Communications White Paper expected to be omitted from the Bill going through parliament this year- namely those relating to media ownership -could still be included if the industry reaches a conclusion in time, creating a “ready-to-go” Bill.Speaking in reaction the Queen’s speech at… Continue reading Radio Group Welcomes Communications Bill Drafting

Jupiter MMXI, suppliers of at home internet audience data for the UK since 1999, has announced that data will now be released from now on on a weekly, rather than monthly, basis. As calls for industry wide agreement on standards for internet audience measurement gather strength, the move will make it easier for advertisers to… Continue reading Jupiter MMXI Launches Weekly Internet Data Release

Media giants WPP and Gannett have both been making reassuring noises this week designed, no doubt, to allay investors’ fears in these difficult economic times. According to the Guardian, WPP chief executive Martin Sorrell met with analysts last week following the news that profit warnings from other US ad companies had started a run on… Continue reading WPP And Gannett Speak Out To Reassure Investors

The Queen’s speech today will unveil over 20 bills for the first legislative programme of Labour’s second term, but the Communications Bill will not be among them, with a focus on reform issues such as health, education and crime being favoured. However, a bill setting up the “super-regulator” OFCOM will be included for this period.The… Continue reading Communications Bill On Hold This Year

Jupiter Slashes Online Ad ForecastsTo an assembled audience of advertising honchos in Cannes, Jupiter announced yesterday that it was cutting its global online advertising forecasts for 2001 from 47% growth to just 12% due to the extreme uncertainty of the market.Top advertising executives from around the world are in Cannes for the annual International Advertising… Continue reading Jupiter Slashes Online Ad Forecasts

Not a day goes by at present when there isn’t some mention of the dotcom boom fall-out or the advertising slowdown that have plagued media companies so far this year. Revenues at ITV have been particularly hard hit as recent figures from Granada and Carlton have shown. Shares tumble; brokers downgrade; media-land sulks.It is interesting… Continue reading Feature: National Papers’ Display Pages Hold Strong

April figures from Italy confirm that the advertising recession has now reached the only remaining European market to have been showing growth. An analysis by ABN Amro shows that growth in April was just 1.7%, compared to 6.0% in the first quarter. Techonology and telecommunications adspend halved in the month, mirroring the experiences of the… Continue reading Ad Recession Hits Previously Strong Italian Market

To an assembled audience of advertising honchos in Cannes, Jupiter announced yesterday that it was cutting its global online advertising forecasts for 2001 from 47% growth to just 12% due to the extreme uncertainty of the market. Top advertising executives from around the world are in Cannes for the annual International Advertising Festival to compare… Continue reading Jupiter Slashes Online Ad Forecasts