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
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
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
Two thirds of the UK population have mobile phones, but many do not realise their potential uses beyond talking, according to research conducted for the BMRBi Access Omnibus Telephone Omnibus during February this year. The survey found that only 85% of those with mobile phones believe they have text messaging facilities and only 13% believe… Continue reading Two Thirds Of UK Have Mobiles, But Many Are Unaware Of Services Available
Media giant AOL Time Warner announced today that it will create a new TV networks group under the Turner Broadcasting System umbrella, which will include both Turner’s basic cable networks and The WB broadcast network. The division will be the world’s largest television networks group, the company said. The expanded TV networks group will share… Continue reading AOL Time Warner Mergers TV Divisions Into Single Network
The Guardian newspaper last week unveiled investment plans for its Saturday edition. Weekend magazine is to become a glossy with 60% more editorial pages and two of the newspaper’s weekday supplements – Space and The Editor – will be added to its current six sections.The move follows similar announcements from its broadsheet rivals, the Times… Continue reading Feature: National Newspapers Look To Boost Female Readership With New Saturday Offerings
Channel 5 has announced another deal with a dotcom company to swap advertising airtime on the station for a stake in the online business. The deal with PetsPyjamas.com is the sixth such swap Channel 5 has negotiated. C5 will provide £2 million’s worth of airtime to PetsPyjamas.com over the next 14 months in exchange for… Continue reading C5 Swaps Airtime For Equity With PetsPyjamas.com
Guardian Newspapers Ltd, today announced the appointment of Simon Waldman, Head of Guardian Unlimited, and Derek Gannon, Head of IT, to the Guardian Newspapers Ltd (GNL) Board. Their titles change to Director of Digital Publishing and IT Director respectively and Waldman and Gannon will join the eleven strong GNL Executive Board with immediate effect. Carolyn… Continue reading Board Appointments At Guardian Newspapers Ltd
When United Business Media last week announced an 11.4% rise in headline profit during 2000, the company reporting was almost completely unrecognisable, even in name, from this time last year. United has chosen its way forward and begun the new millennium making certain it is on track. The new century began with plans for a… Continue reading Insight Focus: United Business Media
German public service broadcasters ARD and ZDF have acquired the rights to show the 2002 and 2006 World Cup competitions after reaching an agreement with Kirch, owner of the European-wide rights to the tournaments. The news follows Kirch’s previous refusal to guarantee the rights to the 2006 competition in a potential DM225 million sale of… Continue reading German Public Service Broadcasters Acquire World Cup Rights
