Carlton Communications today announced an 8% increase in pre-tax profits and released an upbeat statement about its progress during 2000. Financial results for the year ending September showed profits of £342m as the group announced progress in the three key areas of sports rights, programme-making and pay tv.But there was little hope on the horizon… Continue reading Profits At Carlton On The Up As Ad Revenues Slip
BBC and Talksport have reached an out-of-court settlement over the broadcasting rights to major sporting events. Talksport can continue to broadcast off-tube commentary of major sporting fixtures even if the BBC holds the rights to the event.The disagreement between the two arose over broadcasting rights to the Euro 2000 championship, to which Talksport claimed to… Continue reading BBC And Talksport Reach Agreement Over Sporting Rights
BSkyB’s position in the pay-tv market is to be investigated by the Office of Fair Trading. The competition watchdog will assess the supply of Sky’s channels to its competitors to ensure the broadcaster is not dominating the market.The move follows a review in January this year of undertakings imposed on the company in 1996 which… Continue reading BSkyB Faces OFT Investigation
United News & Media has invested $30m in Creative Planet, the leading provider of B2B solutions for the film and television industry in the US. United plans to merge its own UK-based film production source, The Knowledge, with the group and, working together, develop global online and offline businesses for the market sector.Clive Hollick, chief… Continue reading United Partners US Film Services Group
Virgin Radio is set to launch four new online stations targeting different strands of listeners. The first – Virgin Radio Classic – will be unveiled this week offering an “undiluted” 24-hour selection of classic rock artists from the Virgin Radio playlist.Before Christmas Virgin Radio Lite will also launch, targeting a pop audience; Virgin Radio Modern… Continue reading Virgin Radio Unveils Standalone Web Stations
GWR announced a restructuring programme yesterday, ahead of the publication of the Communications Reform White Paper later this month (see GWR Undergoes Restructure In Readiness For White Paper). The market responded well, pushing shares in the radio group up 17½p to £5.82½.The dotcom dream may be showing some cracks (see Zenith Report Forecasts Adspend Slowdown… Continue reading Sharewatch
Shares in online retailer Lastminute.com rose this morning after the company released its preliminary results to September. They showed that, despite heavy net losses, it is ahead of target to reach profitability – partly due to the completion of its takeover of French online retailer Degriftour, completed last month. Lastminute.com, which raised £113.5m through its… Continue reading Lastminute.com Performing ‘Ahead Of Plan’ Despite Losses of �35.7m
Zenith Media is expected to release a report today warning that the recent decline in the dotcom sector will lead to a slowdown in advertising growth during 2001. Global advertising growth will fall to 6% next year as adspend by internet companies is slashed. A year ago Zenith predicted growth in worldwide ad expenditure to… Continue reading Zenith Report Forecasts Adspend Slowdown As Dotcoms Slump
Growth could be as high as 16.8% for commercial radio this year, bringing the medium’s share of total display advertising revenue to around 5.7%, but could slow down again in 2001, according to a summary of industry forecasts put together by the Radio Advertising Bureau (RAB). The growth prediction of 16.8% came from the Advertising… Continue reading Advertising Forecasts Predict Growth For 2000 And A Slowdown For 2001 In Commercial Radio
Zenith Media is expected to release a report today warning that the recent decline in the dotcom sector will lead to a slowdown in advertising growth during 2001. Global advertising growth will fall to 6% next year as adspend by internet companies is slashed.A year ago Zenith predicted growth in worldwide ad expenditure to remain… Continue reading Zenith Report Forecasts Adspend Slowdown As Dotcoms Slump
