Kevin Hand, chief executive of Emap, has resigned with immediate effect from his position at the company. It is thought that he feels his position untenable due to the company’s ill-fated investment in US company Petersen.Hand will be replaced by Robin Miller, currently chairman of Emap and previously CEO from 1985-1998. He will take on… Continue reading Emap Chief Executive Resigns
Virgin Radio’s new media division, Ginger Online, has been renamed Virgin Radio New Media and has gained a new managing editor in the form of James Cridland. The name change has been made to align the division more closely with what the station sees as its core activities. Cridland’s responsibilities will include the expansion of… Continue reading Virgin Radio To Boost Online Division With Changes To Name And Management
As UK mobile phone owners are beginning to receive SMS adverts for the first time (see Text Message Advertising System Hopes To Target Consumers On The Move), the Wireless Advertising Association (WAA) have unveiled creative standards and measurement definitions to regulate wireless ads.The organisation’s vice chairman Don Albert said: “It is critical that everyone in… Continue reading WAA Draws Up Guidelines To Regulate SMS Advertising
Emap has released final results for the year ended March 31, reporting pre-tax profit up 5% to £197m. Total revenues were revealed to have increased 5% year on year to £1,153m, while operating profit rose 4% to £234m after digital investment and exceptional items including the company’s investment in US publisher Petersen. The difficulties experienced… Continue reading Emap Releases Full Year Results In Line With Expectations
Week on week comparison saw shares in GWR saw significant losses, dropping 11.86% to finish at £3.90 with a weekly loss of 52.5pAt the other end of the scale Cable and Wireless was the best media performer with a week on week increase of 14.81% with shares closing at £4.81, up 62p on the previous… Continue reading Sharewatch
Carlton Communications has today confirmed press reports that its chief executive Gerry Murphy has accused Granada of ‘hysterical scaremongering’ in its attempt to influence the Government over the media ownership rules. Responding to Granada’s letter to the prime minister (see Granada Warns Of ‘Potential Disaster’ For ITV) Murphy said: “We disagree fundamentally that a slippage… Continue reading Carlton Chief Hits Back At Granada’s ‘Scaremongering’
This week saw the latest Big Mac Index (BMI) from The Economist. The survey, launched in 1986, is described as ‘a way to make exchange-rate theory a bit more digestible ‘and is based on the theory of purchasing-power parity (PPP), in simple terms the idea that a dollar is a dollar wherever you happen to… Continue reading Burgernomics? The Economist’s Unique Take On The Currency Market
This week, leading representatives of the UK radio, TV and outdoor markets have been reporting on their successes and failures in recent months and looking to the future with varying degrees of optimism. On Tuesday, GWR released their full-year results which fell within expectations. Revenues from flagship station Classic FM were reported to be up… Continue reading Insight Analysis: Mixed Outlook For Old Media
A new report from Jupiter claims that reports of ‘the death of online retail’ have been greatly exaggerated and forecast that US online trading is set to reach $130 billion by 2006. Originally Jupiter had predicted that online sales would hit $36 billion in 2001 and, subsequently, $118 billion by 2005. Although the actual figure… Continue reading Online Trading ‘Not Dead’ Says New Jupiter Report
This week saw the latest Big Mac Index (BMI) from The Economist. The survey, launched in 1986, is described as ‘a way to make exchange-rate theory a bit more digestible ‘and is based on the theory of purchasing-power parity (PPP), in simple terms the idea that a dollar is a dollar wherever you happen to… Continue reading Burgernomics? The Economist’s Unique Take On The Currency Market
