More Industry News articles

The predicted profits warning from Capital Radio (see Insight Analysis: Radio Shares Take A Dive) was confirmed today as the group released its interim financial results, with the message that the advertising market has deteriorated further since its first warning in March. At that time Capital said that due to a weakening advertising market profits… Continue reading Capital Stock Recovers Despite Expected Profits Warning

Ad revenues at the New York Times publishing company were down by 15.4% in April, whilst the flagship NYT newspaper saw a fall of 16% during the month. The falls continue the trend from the first quarter which saw ad revenue across the group down 7% year on year (see New York Times Warns Of… Continue reading NYT Revenues Fall 15.4% In April, But Are Comparable With 1999 Figures

SMG this morning said that it has completed the acquisition of Orpheus Publications, publisher of consumer magazine titles The Strad, Double Bassist, Choir & Organ, International Piano Quarterly and Classic Record Collector. The company said it will acquire net assets of around £20,000. SMG Publishing’s magazine portfolio includes Scottish Farmer, Boxing News and The Great… Continue reading SMG Acquires Music Mag Publisher

Bert Meerstadt, the CEO of advertising agency Young & Rubicam Europe, has announced his intention to step down from his post this summer, after three years in the role. He will be replaced by Etienne Boisrand, formerly CEO of R&Y France and chairman of Y&R Asia. US-based Y&R was taken over by UK advertising and… Continue reading Young & Rubicam Europe CEO To Step Down This Summer

The predicted profits warning from Capital Radio was confirmed today as the group released its interim financial results, with the message that the advertising market has deteriorated further since its first warning in March (see Capital Shares Plummet As Trading Statement Warns Of Half Year Revenue Below Expectations).At that time Capital said that due to… Continue reading Capital Stock Recovers Despite Expected Profits Warning

The Radio Authority has published an Election Special of its Programming and Advertising Review for January to March 2001. It is designed to act as a guide to radio stations in maintaining balance and fairness under the increased pressure of election time.One of the most serious decisions made by the Radio Authority during the three… Continue reading Radio Authority Publishes Election Fairness Guidelines

Now Digital has been awarded the digital radio multiplex licence for Southend and Chelmsford. The award of the licence from the Radio Authority will allow the group to broadcast to up to 1.2 million people living in and around Southend and Chelmsford.Mark Lee, managing director of Essex FM said: “It’s a great opportunity for Essex… Continue reading Southend And Chelmsford Local Digital Radio Multiplex Awarded To Now Digital

Further evidence that the new media industry is still seeking a financially viable business model emerged this week as the president of Terra Lycos, one of the world’s largest internet companies, announced that in order to appease shareholders concerned at revenue slumps, the introduction of charges for its services could be on the cards.Terra Lycos… Continue reading Terra Lycos To Introduce Charges In Response To Revenue Falls

Worries that Capital, whose interim results are released today, would shortly issue another profits warning brought shares down yesterday, to end the day down 37½p at £6.90. Other radio shares are also suffering in the climate of uncertainty, with Scottish Radio, whose future merger with SMG looks unlikely now (see Scottish Radio Holdings Shelve Takeover… Continue reading Sharewatch

Reports this week suggest that the hard times are not yet over for ITV. Both Merrill Lynch and ABN AMRO have said that they are now expecting a decline of anything between 10 and 15% in revenue, as opposed to the initial estimate of flat growth for Q3.July was predicted as the month when ITV… Continue reading Further Revenue Declines Predicted For ITV, Broker Forecasts Downgraded