Tristan Davies has been appointed the new editor of the Independent on Sunday. He will take over from Janet Street-Porter, who quit the position a fortnight ago (see Janet Street Porter Quits Independent On Sunday Editorship), on June 11.Editor-in-chief Simon Kelner, was said to be delighted by the appointment of Davies, who has worked on… Continue reading New Independent On Sunday Editor Announced
The advertising industry’s opposition to EU restrictions on advertising to children has gained support with the publication of an EU study on “The Impact Of Advertising And Teleshopping On Minors” which positively endorses self-regulation working in tandem with the existing laws.The main conclusions of the study were that the EU’s “Television Without Frontiers” directive provides… Continue reading EU Study Backs Opposition To Ban On Advertising To Children
The sales arm for the former Southnews regional press business is to be transferred to Amra. The move follows the group’s acquisition by Trinity Mirror last year (see Trinity Mirror Buys Southnews For £284m).Sales representation for the group’s stable of over eighty regional titles will be transferred on 4 June, further strengthening Amra’s position as… Continue reading Amra Takes On Sales For Southnews
Media communications group WPP released a disappointing set of first quarter results yesterday (see WPP Q1 Results Disappoint Market And Brokers). Shares fell during the morning as a result, but ended the day up 13p at £8.00.The largest fall among media shares yesterday was Bright Station, which dropped just over 2% of its shareprice to… Continue reading Sharewatch
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… Continue reading Wireless Group Grows Turnover And Reduces Costs
United Business Media (UBM) and BT have this morning announced the immediate sale of their jointly-owned portal and internet service provider (ISP), LineOne, to Tiscali S.p.A, an Italian telecommunications company. Tiscali is paying €100 million (£63 million) for the LineOne business; €20 million in cash and the rest in around 5.4 million Tiscali shares. In… Continue reading UBM And BT Sell LineOne For £63m
Anne Robinson-hosted elimination quiz show, The Weakest Link, has been exported to the NBC television network in the US, where it is currently pulling in large audiences. According to an analysis of Nielsen Media Research viewing figures by Mediaweek.com, NBC achieve the highest primetime ratings in the Adults 18-49 and 25-54 categories; each grew by… Continue reading Weakest Link Proves Early Hit For NBC
Media communications group WPP has this morning posted first quarter organic revenue growth of 6% – including, for the first time, the Young & Rubicam network. This is lower than the 10% analysts at ABN Amro had expected and well below the 13.8% growth posted by rival network Omnicom yesterday (see Omnicom Shows Strong US… Continue reading WPP Q1 Results Disappoint Market And Brokers
“Forecasting industry trends and revenues is far more challenging this year than at any other time in recent history. The margin of error cannot be determined through statistical analysis. The degree of uncertainty in the market is extraordinary, impacting so many different areas of media and advertising.” This is according to Jack Myers, chief economist… Continue reading Myers Prefers To Err On The Pessimistic Side In His Forecasting
