Internet and ebusiness solutions company, Bright Station, this morning announced that it cannot afford to maintain its current rate of expenditure and that it is to radically restructure its operations.Bright Station is attempting to gain additional funds in order to secure its financial position. At the end of March it had £7.4 million available cash,… Continue reading Bright Station Seeks Funds As Cash Runs Out
US media giant AOL Time Warner is thought to be considering NTL as a possible partner for boosting its European revenues. AOL’s extensive US cable network is not currently matched by its capabilities in Europe, while NTL enjoys the largest share of the UK’s cable market, with 7.8m homes passed for its services.NTL confirmed today… Continue reading AOL Time Warner Looks To NTL For Possible Euro Partnership
ITV’s new daytime soap is expected to be called Night and Day. Details of the programme – the networks’ first new soap in thirty years – are beginning to leak out as the countdown to the start of production begins.The soap was originally given the working title of Trafalgar Road and was commissioned to replace… Continue reading Details Of New ITV Soap Revealed
Former ITV chief executive Richard Eyre may be in line for the same position at media group Emap, if reports in this week’s Independent On Sunday are correct. The paper cites unnamed industry sources as saying that Eyre is in line to replace Kevin Hand who is expected to step down once Emap’s US business… Continue reading Eyre Reported To Be In Line For Top Emap Post
Cable groups NTL and Telewest have signed up On Demand to develop a video-on-demand service. The three groups already collaborate under the name of Front Row, which runs the cable industry’s first pay-per-view movie service (see Cable Consortium Seals Buena Vista Deal).The video-on-demand service will now be developed using the Front Row name and will… Continue reading Cable Groups Sign Up For Video-On-Demand
Future’s outlook was uncertain once again last week, as the closure of the UK, German and Italian versions of Business 2.0 was announced, along with plans to find a buyer for the US version and to close the company’s German operation (see Future Closes German Business And European Business 2.0 Editions). The news led to… Continue reading Sharewatch
Television is holding its own as an effective and memorable advertising medium, despite the entry of new methods into the market. A survey released today by the Chartered Institute of Marketing (CIM) has revealed that TV adverts are most likely to be seen, remembered and enjoyed of all forms of advertising. CIM’s Claire Forbes commented,… Continue reading TV Still On Top For Ad Effectiveness, Says Survey
Future Network has this afternoon announced the closure of both its loss-making German operation and the European editions of internet business magazine Business 2.0. Future Verlag GmbH posted losses of DM20.5 million (£6.4 million) on revenues of DM22.5 million last year. Losses for the current year, prior to the closure, are expected to be DM9.4… Continue reading Future Closes German Business And European Business 2.0 Editions
The Wireless Group has this morning reported like for like turnover up 12% to £29.4 million for the full year and up 22% for the first quarter of 2001. Q1 operating costs, before digital expenditure, are down by 12% like for like.However, loss for the financial year grew from £27.5 million last time to £34.2… Continue reading Wireless Group Grows Turnover And Reduces Costs
The Independent Television Commission (ITC) has revised and amended its quarterly cable statistics following consultation with the cable companies. Data for the final quarter of 2000 is now available and shows 4.5m homes in the UK are now connected to a cable service.This represents a year on year increase of 6.2%. Total cable penetration now… Continue reading Revised Cable Stats Show 4.5m Homes Connected
