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
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
Leading media analysts at 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… Continue reading ABN Amro Downgrades Global Ad Forecasts
A quick flick through recent news from the consumer magazine industry could well lead an impartial reader to the conclusion that many of the markets are simply full-up. Saturated with a broad range of established and popular titles, both the women’s glossies and the men’s lifestyle sectors seem unable to sustain any new entrants.It’s not… Continue reading Feature: Has The Consumer Magazine Industry Reached Saturation Point?
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
A quick flick through recent news from the consumer magazine industry could well lead an impartial reader to the conclusion that many of the markets are simply full-up. Saturated with a broad range of established and popular titles, both the women’s glossies and the men’s lifestyle sectors seem unable to sustain any new entrants. It’s… Continue reading Insight Analysis: Has The Consumer Magazine Industry Reached Saturation Point?
In a frenzy of activity the telecoms market has demonstrated its instability this week as the most successful handset manufacturer issued a profits warning and debt-laden BT announced a 10 year deal with Deutsche Telekom to build the next generation in mobile communications, the 3G network. Nokia surprised market analysts with a warning that profits… Continue reading Insight Analysis: Nokia Issues Profits Warning As BT Builds For The Future
Channel 5 has announced that it will move its main evening news bulletin to 7.30pm and introduce a new bulletin at 5.30pm. The extra bulletin allows the channel to sidestep an ITC decision stating that news must be shown during peak time.The new bulletins, which will begin on 16 July, mean that the channel will… Continue reading Channel 5 Sidesteps ITC Decision With New 5.30pm News Bulletin
Following a report in the Wall Street Journal this morning, speculation is rife that IPC may be in talks with AOL Time Warner regarding a possible buy out. Although IPC Media has repeatedly denied that it is up for sale, chief executive Sly Bailey recently acknowledged the possibility of a sale or flotation “within the… Continue reading AOL Time Warner May Bid For IPC
