NTL is set to announce a series of job losses, according to a report in the Financial Times. The cable group is expected to cull jobs as part of a cost-cutting programme to save £200m within the next two years.Following an acquisitional spree over the last few years the group has now become “bloated”. Cutting… Continue reading NTL Jobs Cull Expected Following Acquisitional Spree
United Business Media (UBM) has cut its online investment for the current year from the planned £45 million to no more than £30 million. It blames the ‘current market conditions’ for the investment cuts, notably the downturn in high-tech advertising in the US.Given these cutbacks, along with growth in News Distribution and Market Research and… Continue reading UBM Cuts Online Spend During Hi-Tech Advertising Slowdown
European Magazines Limited, the joint publishing venture between IPC Media and Groupe Marie Claire is to close Nova less than a year after it relaunched the seminal women’s fashion magazine of the ’60s (see First Issue Review: Nova: The Fashion Magazine Reborn?). Despite a high profile launch which included TV advertising and generated considerable media… Continue reading IPC’s Relaunched Nova To Close
Global marketing communications group, Cordiant, has today announced the acquisition of broadcast public relations consultancy Bulletin International, for an initial consideration of £2.9 million. Bulletin is headquartered in London and has operations in Hong Kong, New York and Singapore. Its services include strategic counsel, media relations, editorial media planning, editorial content production and media training.… Continue reading Cordiant Acquires Broadcast PR Group
United Business Media (UBM) announced the sale of the Daily Star website to Sports.com yesterday (see UBM Sells MegaStar Site To Sports.com) and downgrades due to the high tech advertising decline are expected to follow today. Yesterday shares ended down 3p at £7.25.Troubled new media company Bright Station staged something of a comeback yesterday, after… Continue reading Sharewatch
United Business Media (UBM) has cut its online investment for the current year from the planned £45 million to no more than £30 million. It blames the ‘current market conditions’ for the investment cuts, notably the downturn in high-tech advertising in the US. Given these cutbacks, along with growth in News Distribution and Market Research… Continue reading UBM Cuts Online Spend During Hi-Tech Advertising Slowdown
A recent series of commercials for McDonalds received 40 complaints from members of the public. The Independent Television Commission (ITC) upheld the complaints about the ads, which it said were misleading.The campaign advertised a one-week McDonalds “buy one get one free” sales promotion. The series of commercials were run over three days; the first one… Continue reading ITC Upholds Complaints Against “Misleading” McDonalds Ads
European internet and mobile sports data provider, Sports.com, has bought the Daily Star website, MegaStar, from United Business Media (UBM) for an undisclosed sum. MegaStar has over half a million unique users and 14 million page views per month, according to Sports.com. Its audience is primarily UK-based 18-45 year old males.MegaStar was launched in 1997… Continue reading UBM Sells MegaStar Site To Sports.com
ITV has unveiled its line-up for coverage of the General Election. ITN coverage is to be backed up with four midweek election specials hosted by Jonathan Dimbleby, and leader profiles on Tonight With Trevor McDonald, while News at Ten will be extended during the campaign in order to carry in-depth reports on the main issues.… Continue reading ITV Reveals Plans For Election Coverage
