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Regional newspaper publisher Johnston Press has this morning offered a positive outlook for the coming year after unveiling better than anticipated financial results. Profit before tax was up 20.9% at £66.5 million and operating profit grew by 27.3% from £65.9 million in 1999 to £83.9 million. Chairman Fred Johnston acknowledged the transatlantic economic slowdown and… Continue reading Johnston Press Gives Positive Outlook For 2001

European free-to-air broadcaster RTL this morning said that it feels “better placed than most … to withstand the current uncertainties in advertising markets around Europe.” Nevertheless, the company warned that earnings were likely to be flat in 2001 due to the effects of restructuring Pearson Television North America and a decrease in the audience of… Continue reading RTL Says 2001 Earnings Will Be Flat In Current Ad Climate

Europeans are watching more TV than ever before according to new research published by the Media Edge. The average European watches over three hours per day, with the Italians and the Spanish watching the most at over 4 hours per day, compared to 3 hours per day in 1989 for Italians and 3½ hours per… Continue reading Research Reveals Increasing Consumption Of Media Across Europe

Johnston Press has released financial results for the year ended 31 December 2000 which show profit before tax up 20.9% at £66.5m. Operating profit was up by 27.3% from £65.9m in 1999 to £83.9m.Chairman Fred Johnston acknowledged the transatlantic economic slowdown and problems in the technology sector, but said that the current year had begun… Continue reading Johnston Press Reports Pre-Tax Profit Up 20%

The internet magazine market gains a new entrant tomorrow when IPC Media launches Web User, a straight-talking guide to the web for beginners. It claims to have no immediate competitors due to its unique frequency for this sector – fortnightly – and its down-to-earth, no-nonsense advice.It enters the market at a time when this sector… Continue reading Feature: Internet Magazine Market Reaches Saturation Point

International media group Independent News & Media (INM) has this morning reported a pre-tax profit increase of 13% to €155 million for 2000. This is slightly below most analysts’ expectations and has caused the shares to drop during trading today.Executive chairman Anthony O’Reilly said that it is too early in the year to make any… Continue reading Independent Reports Positive Results, But Below Expectations

The worst performer on yesterday’s FTSE 250 index was Capital Radio, which had its earnings forecast downgraded by UBS Warburg ahead of a trading statement to be released today. Shares fell a hefty £1.05, or over 10% to end at £9.10. SMG was also downgraded, leading shares to fall 4p to £2.01.Elsewhere, there was some… Continue reading Sharewatch

European free-to-air broadcaster RTL this morning said that it feels “better placed than most … to withstand the current uncertainties in advertising markets around Europe.” Nevertheless, the company warned that earnings were likely to be flat in 2001 due to the effects of restructuring Pearson Television North America and a decrease in the audience of… Continue reading RTL Says 2001 Earnings Will Be Flat In Current Ad Climate

Europeans are watching more TV than ever before according to new research published by the Media Edge. The average European watches over three hours per day, with the Italians and the Spanish watching the most at over 4 hours per day, compared to 3 hours per day in 1989 for Italians and 3½ hours per… Continue reading Research Reveals Increasing Consumption Of Media Across Europe

ABN Amro has downgraded its recommendation of European broadcaster RTL from Hold to Reduce this morning, following the release of the group’s year-end financials results (see RTL Says 2001 Earnings Will Be Flat In Current Ad Climate). The broker says: “For the first time a European broadcaster has admitted that there will be no H2… Continue reading ABN Downgrades RTL