NTL reported strong quarterly results yesterday (see NTL Looks To Reap Benefits Of Investment). The news boosted the share price of rival Telewest, whiched showed the highest percentage rise of the FTSE 100, climbing 9p to £1.46, an increase of 6.57%.Results were also released yesterday by Cordiant, which showed impressive increases in pre-tax profits and… Continue reading Sharewatch
The MRG held an evening meeting on Tuesday to introduce the changes which will occur when the new BARB contracts are introduced in January 2002. Introducing the speakers, Caroline McDevitt, BARB’s chief executive, promised that the organisation was “reviewing outmoded practice” and introducing change which was perhaps overdue.This will naturally create problems and concerns as… Continue reading MRG Evening Meeting: The New BARB Contracts
Publishing group Dow Jones has warned that its profits are likely to be far lower had been expected due falling ad revenues at its Wall Street Journal newspaper. Dow Jones is yet another company to feel the squeeze of contracted adspend, with the New York Times Co. making a similar statement earlier in the week… Continue reading Dow Jones Is Latest Publisher To Issue Profits Warning
Fears of further fall-out in the dotcom sector re-emerged yesterday when Yahoo! issued its second profits warning in as many months. The internet company said it expects revenues for the first quarter of 2001 to be $170-180m compared to its previous target of $220-240m.The group blamed the revision to its forecasts on a “weakening economic… Continue reading Yahoo! Issues Further Profits Warning
Cable company NTL is looking forward to a strong, consolidatory year as its recent acquisition of rival group Cable & Wireless Communications (CWC) starts to bear fruit. The company believes it is on target to achieve its 2001 financial targets of £2.6 billion in revenues and £385 million of EBITDA. The group achieved record quarterly… Continue reading NTL Looks To Reap Benefits Of Investments
Advertising agency Cordiant Communications has this morning turned in a strong set of financial results which show record net new business wins last year, worth £750 million. Cordiant’s results show that ad agencies are continuing to perform well whilst many media owners are suffering an ad revenue downturn.Pre-tax profits grew by 79.1% at constant rates… Continue reading Cordiant Turns In Record Figures
Media share performances on Budget Day (see Budget Line 2001 – The Chancellor’s Speech As It Unfolds) were as varied in terms of positives and negatives as the details spelled out by the Chancellor. The most positive performance in terms of percentage change was seen at Bright Station, which increased 1½p, or 5% to 31½p.… Continue reading Sharewatch
According to preliminary estimates from the Newspaper Association of America, newspaper advertising expenditures for 2000 totaled $48.7 billion, an increase of 5.1% over 1999 National advertising was up by 13.7%, to $7.7 billion for the year, retail advertising was up 2.4% to $21.4 billion and classified rose by 5.1% to $19.6 billion. “While some media… Continue reading US Newspaper Ad Spend Hit $48.7 Billion in 2000
Channel 5 has signed an airtime-for-equity deal with Petspyjamas.com. In the sixth deal of its kind for the broadcaster, C5 will receive a stake in the online pet store in return for providing £2m of promotional airtime for the business.Petspyjamas was an early entrant into the pet e-commerce market when it launched in May 1998,… Continue reading C5 Takes Stake In Online Pet Store
Capital Radio has announced the sale of Bucks Broadcasting Ltd and Sun FM Ltd to Radio Investments Limited. The move is part of its ongoing strategy to focus on its larger stations in major metropolitan areas, including its flagship Capital 95.8 FM, which is the leading commercial station in London (see Capital Still On Top… Continue reading Capital Radio Sells Off Bucks Broadcasting And Sun FM
