Confidence in TMT shares took a dip towards the end of last week, following a profits warning from Microsoft. Friday’s casualties included Emap, which ended down 5.6% at £7.76, having dropped 46p, Bright Station, down 2½p at 31½p, a fall of 7.4% and WPP, which fell 54p to £8.26.United News & Media has been renamed… Continue reading Sharewatch
Monday MediaTel’s weekly media focus and analysis, Media Track, is featured in Campaign Media Business.The UK’s leading internet portal, Freeserve, releases interim results.The Wireless Group holds an EGM.Tuesday The Office of National Statistics releases third-quarter figures showing the number of people with access to the internet.Wednesday A television viewing round-up for November will be available… Continue reading The Week Ahead
Pearson has indicated that it is defying the advertising and dotcom slump and heading for revenue and operating profit growth for the year ending 31 December. Among its success stories will be the FT’s internet enterprises, which are expected to break even two years ahead of schedule, in 2002. The second half of this year… Continue reading Pearson Heralds Revenue And Profit Growth Despite Advertising Slump
The Radio Authority has made an offer to talkSPORT regarding the terms of renewal for its national analogue licence, following talkSPORT’s commitment to digital simulcast. If the deal is accepted, Kelvin MacKenzie’s company would pay a cash bid sum per annum of £500,000 for the eight year licence compared to the £4,251,660 it pays at… Continue reading TalkSPORT Offered Licence Renewal By Radio Authority
Daily Mail & General Trust has reported a 7% dip in pre-tax profits during 2000 to £191.5 million. The group said increased expansion costs were to blame for the fall from £205.0 million for the same period last year. Turnover was up 15% at £1.9 billion and operating profit rose 23% to £311.5 million. The… Continue reading Expansion Of Metro Eats Into Profit At DMGT
Northern & Shell, the new owner of Express Newspapers, has sold the group’s internet sites for a nominal fee. The ownership of the sites – which include Express.co.uk, Sportlive.co.uk and Allaboutparents.com – has been transferred to stockbroker Seymour Pierce for £1. The move is part of a series of cost-cutting moves by Northern & Shell… Continue reading Desmond Pulls The Plug On Express Websites
A 30% drop in cinema admissions for the month, compared to last year, has been blamed on a lack of crowd-pulling blockbusters. Admissions for November reached 9.2m, with the top five films grossing £20.2m. During November 1999, the top five films, which included The Sixth Sense and The World Is Not Enough grossed £39.6m, almost… Continue reading Lack Of Blockbusters Bring November Cinema Admissions Down
The Radio Authority received three applications for the West Midlands regional digital multiplex licence in time for the deadline on Tuesday 12 December. The licence takes in an area including Birmingham, Wolverhampton and Coventry, which has an adult population of up to around 3.3 million.The requirements of the licence are that, in addition to providing… Continue reading Radio Authority Receives Three Applications For West Midlands Digital Licence
Northern & Shell, the new owner of Express Newspapers, has sold the group’s internet sites for a nominal fee. The ownership of the sites – which include Express.co.uk, Sportlive.co.uk and Allaboutparents.com – has been transferred to stockbroker Seymour Pierce for £1.The move is part of a series of cost-cutting moves by Northern & Shell chairman,… Continue reading Desmond Pulls The Plug On Express Websites
Attic Futura is set to launch a teen entertainment magazine based around SM:TV/CD:UK, ITV’s Saturday morning show hosted by Ant and Dec. Called CD:UK, it will launch in February priced £1.80 and targeting a core audience of 14 year old girls, setting it in competition with Top of the Pops, Smash Hits and Live &… Continue reading Launches And Closures
