TMT stocks are currently out of favour with investors. News that Yes Television has once again pulled out of its proposed flotation (see Newsline Brief) and the collapse of internet retailer boo.com has done nothing to improve confidence. This was evident in share prices yesterday including Emap, which ended down 63p at £10.32, Bright Station,… Continue reading Sharewatch
Confidence in BSkyB in the light of the Premier League bidding (see Sharewatch) continued to be low on Friday. Shares fell again, this time by 118p to £10.53.Telewest’s boasts on Thursday of having signed up 156,000 customers for its Active Digital service (see “Broadbandcaster” Telewest Signs Up 156,000 Digital Customers) failed to inspire confidence in… Continue reading Sharewatch
Monday MediaTel’s weekly media focus and analysis, Media Track, is featured in Campaign Media Business.Scottish Radio Holdings releases its interim results.Tuesday Regional newspaper publisher SouthNews reports final results for 1999.Wednesday Carlton Communications publishes interim results.Thursday The Wireless Group floats on the London Stock Exchange (see Wireless Group Sets Price For Flotation).Also this week…Television market and… Continue reading The Week Ahead
Carlton Communications announced today the acquisition of America’s largest cinema advertising company, Screenvision. The group, which already owns Carlton Screen Advertising, the largest cinema ads company in the UK, is to pay $93.3 million in the deal.Screenvision accounts for over 65% of the US screen advertising market, selling ads in 32% of cinemas across Europe,… Continue reading Carlton Buys US Cinema Ads Group
The BBC’s commercial e-commerce site, www.beeb.com is planning further expansion. BBC Worldwide has announced a series of appointments and says it is close to finding a joint venture partner to inject capital into both beeb.com and beeb.net, the company’s free to access ISP (see Beeb.com Minority Stake May Go To Flextech Or NTL).Jeanette Angell has… Continue reading Beeb.com Sets Sights On Expansion
MediaTrader, the online media availability service launched by MediaTel just over five weeks ago, has signed up IPC Magazines as its fortieth media owner to commit to adding inventory to the new service.IPC Magazines joins a wide range of media owners including virtually all the radio sales houses, Carlton, TDI, Pearl & Dean and Taxi… Continue reading MediaTrader Signs Up IPC Magazines And Launches WAP Access
Emap Digital has launched an e-commerce venture in conjunction with the Royal Horticultural Society (RHS). The website, www.grogro.com, went live today, giving gardeners the chance to buy online from a choice of over 1,000 plants and products available at this year’s Chelsea Flower Show, which is organised by the RHS.Several methods have been designed to… Continue reading Emap Digital Grows Its E-Commerce Portfolio
Scottish Radio Holdings (SRH) has reported good interim results for the six months until 31 March 2000. The group’s turnover increased by 39% in this period, to £34m, although pre-tax profits were 11% down on the same period last year, at £6.4m.The six months have seen SRH fail in its hostile bid attempt for Border… Continue reading Scottish Radio Makes Strong Start To Year
UK advertisers spent a total of £15.3bn across all media last year, an increase of nearly £1bn compared to the previous year. The highest area of spending was television, where £4.3bn was spent, an increase of nearly £300m or 7.2%.According to the latest figures released by the Advertising Association, the biggest areas of growth were… Continue reading UK Adspend Tops £15bn for 1999
Telewest announced losses for the first quarter which were up on last year (see “Broadbandcaster” Telewest Signs Up 156,000 Digital Customers). Yesterday, shares in the company ended down 19½p at £27.50.BSkyB also suffered a loss yesterday, due to concern over the high cost of bidding for the new Premier League football rights packages (see Broadcasters… Continue reading Sharewatch
