More Industry News articles

The online travel industry is expected to be worth $25.2 billion by 2003, with growth rates outstripping other e-retail industries. By the end of this year the sector will be valued at $12.4 billion, according to research by eMarketer. Despite the fast growth and suitability of the internet for searching for a buying travel tickets,… Continue reading Online Travel Worth $25bn By 2003

Growth in the application service provider (ASP) sector is set to be worth $3.6 billion in the US by the end of 2000, up from just $1 billion a year earlier. The sector will then growth to a value of $25.3 billion by 2004, according to Dataquest. The European and Asian ASP marketsÂÂ’ growth-rates faster… Continue reading European ASP Market Catches US

High street newsagent chain WHSmith is trialling M-cast, a screen-based system for in-store promotion, in one of its London Metro stores. The system, developed by Australian company Info-Onscreen, allows stores to target consumers with offers and promotions at the point of purchase.The system uses screens placed around the store. These can either be programmed to… Continue reading WHSmith Trials In Store Screen Advertising

The Guardian Media Group has agreed to sell its remaining interest in television production company, GMG Endemol, to Telefonica. The deal, announced on Newsline yesterday (see Guardian To Sell Television Interests), will allow the company to concentrate on its newspaper, radio and internet assets.Bob Phillis, chief executive of GMG, said: “Major alliances in the US,… Continue reading GMG Confirms Sale Of Endemol

NTL reported losses of $616.5m (£410.3m) in its second quarter results today, an increase of 77% compared to the same period in 1999. However revenues have increased year-on-year to more than $3.25bn (£2.16bn) over the three-month period to the end of June, partly thanks to the acquisition of Cable & Wireless (CWC) (see Government Clears… Continue reading NTL Reports Growing Losses Despite Digital Take-Up

If you’ve ever wondered why the BBC has had to launch a national campaign to find new talent, look no further than Sky’s autumn schedule to find out where all the old talent went. Sky does not reveal how its budget compares with the BBC’s £189 million, (see BBC To Spend £189 Million On Autumn… Continue reading Terrestrial Stars Go To Sky For Autumn

Scottish Media Group has announced the resignation of its group finance director, Gary Hughes, who is to take up the same position at Emap at the end of September. George Watt, currently financial controller and treasurer, will temporarily replace him with immediate effect.Hughes had been part of the group since 1996 and had followed its… Continue reading Scottish Media Group Loses Finance Director To Emap

GWR Group announced better than expected trading patterns for the first quarter of this year. At the company’s AGM this morning chairman Henry Meakin said revenues had shown “exceptional year on year growth.”As a result the group, which owns Classic FM as well as 38 local licences, across the UK, is trading ahead of its… Continue reading GWR Group Trading Ahead Of Forecasts

The 5% fall in half year profits reported by Reed Elsevier yesterday (see Profits Fall 5% At Reed Elsevier) was not as bad as analysts had expected. As a result, shares in Reed jumped 39p to £5.66.Radio interests appeared to be good prospects during yesterday’s trading, as Scottish Radio rose 75p to end £15.02½ and… Continue reading Sharewatch

Bright Station reported good progress towards the transformation of its business in its interim results released this morning. Despite pre-tax losses of £3.2 million for the six month period to the end of June, the group, which was formed from the remaining e-commerce and web solution assets of Dialog earlier this year (see Dialog To… Continue reading Bright Station Reports Good Progress In Interim Results