When United Business Media last week announced an 11.4% rise in headline profit during 2000 (see UBM Shares Surge On Strong Profit), 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… Continue reading Sharewatch Focus: United Business Media
A survey into the credibility of organisations in the eyes of the public has put the BBC ahead of other media companies including Granada and BSkyB. Telewest, ONdigital and Channel 5 received the lowest ratings of the nine media companies featured in the survey.TMP Worldwide’s EmCred survey presented eight statements about 125 companies to 10,000… Continue reading Survey Puts BBC Top Of The Credibility League
Shares in Pearson, which reported higher than expected final year profits yesterday (see Pearson Embraces The Internet Where Others Falter) rose initially after the results were released, but slipped back as the day went on and finished as one of the worst performers on the FTSE 100, down 64p at £14.97.More heavy falls were seen… Continue reading Sharewatch
Media group EMAP is understood to be in discussions to sell off its US consumer magazine business, EMAP USA, as the division continues to lose the company money. According to a report in this morning’s Financial Times, EMAP has received ‘several’ approaches from interested parties and is understood to be pursuing these offers. EMAP bought… Continue reading EMAP Reported To Be Close To US Sale
Speaking at the FT New Media & Broadcasting conference yesterday, Granada chief executive Steve Morrison confirmed reports that he is in talks with potential European partners that could help his company gain a foothold on the continent. Granada already has production businesses in Australia and China and hopes to build similar divisions across Europe.
The New York Times warned investors Monday that its first-quarter earnings would fall below expectations as advertising revenue growth falls in the current economic climate although the company still expects to meet its target of 10% to 15% growth in full-year earnings per share, mainly due to tighter controls on costs and added revenues from… Continue reading New York Times Warns Of Ad Revenue Slowdown
New Research from Jupiter reveleals that most companies are slow to move their buying processes onto the Internet many are hesitating to do so at all. Jupiter studied ‘eprocurement’ and found that many procurement managers “see so little advantage in moving online” that they will do less than 20% of their business buying online until… Continue reading eProcurement Slow To Take Off
European broadcaster RTL Group and its French rival Canal Plus are understood to be planning an alliance that would see the two groups sharing European sports broadcasting rights. According to a report on the Media Guardian website this morning, the companies are discussing merging their broadcasting rights and marketing units in a venture that would… Continue reading RTL And Canal Plus Thought To Be In Sports Rights Discussions
SMG has this morning announced yet another stake increase in Scottish Radio Holdings, taking its stake up to 27.7%. SMG has acquired a further 2.8% in SRH for £14.6 million, in two separate purchases: 644,000 shares yesterday and 275,000 this morning. All the shares were priced at 1,587½p each, its closing price yesterday. SMG has… Continue reading SMG Builds Scottish Radio Stake To 27.7%
BSkyB is aiming to gain an additional £50 per customer each year as a result of its interactive TV services, according to CEO Richard Freudenstein. Speaking at the FT New Media and Broadcasting conference yesterday, he said that in addition to existing interactive services on news and sports channels, new services such as SMS messaging,… Continue reading BSkyB Outlines Plans To Gain £50 More Revenue Per Customer Each Year
