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Stock in Carlton Communications tumbled this morning after three brokers downgraded their earnings forecasts for the group. By late morning Carlton shares were down 27½p (6.6%) at 387½p. ABN Amro has reduced its full year profit before tax forecasts by 5.5% to £246 million. The downgrade is partly due to the timing of the sale… Continue reading Carlton Stock Free-Falls Following Trio Of Downgrades

Carlton Stock Free-Falls Following Trio Of DowngradesStock in Carlton Communications tumbled this morning after three brokers downgraded their earnings forecasts for the group. By late morning Carlton shares were down 27˝p (6.6%) at 387˝p.ABN Amro has reduced its full year profit before tax forecasts by 5.5% to £246 million. The downgrade is partly due to… Continue reading Carlton Stock Free-Falls Following Trio Of Downgrades

Radio advertising revenue in the US fell by 6% in February when compared to the same month last year, according to new figures from the US Radio Advertising Bureau. In February 2000, revenues showed a 22% increase on 1999, mainly due to the dotcom marketing boom, which was in full swing at that point. Mirroring… Continue reading US Radio Revenues Down 6% In February

The five communications regulators have announced an agreement to work together in preparation for the introduction of Ofcom. A new Memorandum of Understanding between the Broadcasting Standards Commission, Independent Television Commission, Office of Telecommunications, Radio Authority and Radiocommunications Agency, sets out the arrangements for working closely together on a wide range of issues.A steering group… Continue reading Regulatory Bodies To Join Forces In Preparation For Ofcom

Scottish Radio Holdings this morning said that radio advertising levels will have fallen 4% year on year for the six months to 31 March, due to recent weaknesses in national ad revenue. However, it says that thanks mainly to acquisitions last year, group revenue will rise by 19% to £40 million. Excluding acquisitions there is… Continue reading Acquisitions Will Help Boost SRH Revenues

Latest figures from Jupiter MMXI reveal that amount of time Europeans are spending on the Internet from home has increased significantly in the last nine months. Latest trends show that not only more and more people are logging on to the Net from home every month, but they also use it more and more each… Continue reading European’s Online Time Increases

Shares in Emap rose 10p to 740p yesterday as analysts responded to a trading statement from the group which confirmed it had received a number of approaches regarding its US business, Emap USA (see Emap Receives US Approaches, Cuts Digital Spend And Sees Year-End In Line With Expectations). The group also pledged to cut new… Continue reading Sharewatch

A few years ago the ISP was the centrepiece of web strategy amongst media owners. Launching a service provider was an easy way to entice consumers of old media onto the web while ensuring maximum exposure for branded online offerings.News International launched Currantbun.com, an ISP branded through its most popular daily, the Sun, in the… Continue reading Feature: Media Owners Cast Off ISPs To Focus On Content

Guardian Unlimited has launched its political website at guardian.co.uk/politics, providing breaking news, exclusive commentary and analysis, games and gossip. Edited by Julian Glover and published by Benjamin Wegg-Prosser, it claims to be the most comprehensive source of political information on the net as the country prepares for a general election.One of its main features is… Continue reading Guardian Unlimited Gets Political

Publishing group EMAP yesterday announced that it would be cutting back its internet operations to the tune of £10 million, on top of a slash in digital investment announced earlier in the year (see EMAP Receives US Approaches, Cuts Digital Spend And Sees Year-End In Line With Expectations). The group also said that financial results… Continue reading EMAP Trading Statement – Reaction