Ulster TV announced today the acquisition of Direct Net Access (DNA), Northern Ireland’s leading internet service company, for £4.25m. The deal was unveiled as the group reported a 37% decrease in its pre-tax profit, which fell to £7.8m, in its annual results.Operating profit for the year, however, saw a rise of 43% to £11.9m, and… Continue reading Ulster TV Acquires DNA As Pre-tax Profit Slumps
The BBC has signed a five-year deal for the exclusive radio rights to live Test cricket matches, beating off a bid from Kelvin MacKenzie’s TalkSport. It is believed that the £5 million offer from the BBC beat a £7.5 million proposal by the national commercial sports station.MacKenzie accused the Corporation of snobbery after his bid… Continue reading BBC Wins Fight For Test Cricket Rights
Online advertising is set to continue its boom, with revenues reaching £620 million by 2004, according to Fletcher Research. In 1999 online adspend stood at £50 million, drawn from a mixture of dotcom start-ups and traditional media companies moving to the Net. By 2004, 50% of all online ads will come from dotcoms, says Fletcher.Dotcom… Continue reading Online Advertising To Hit £620m By 2004, Says Fletcher
Year end financial results released by global communications group, Cordiant Communications yesterday, were met positively by traders (see Cordiant Posts Strong Rise In Pre-Tax Profits). Stock was pushed up 19˝p to close at 358˝p.BSkyB plummeted yesterday after making a record high at the beginning of the week, to finish down 182p (8.5%) at 1,595˝p. Other… Continue reading Sharewatch
The Guardian Media Group and BSkyB have been holding talks with a view to taking stakes in an arts pay-TV channel. Artsworld will be fronted by Sir Jeremy Issacs and will feature a range of arts programming.It is believed that Sky has taken a 20% stake in the channel and agreed its carriage on SkyDigital.… Continue reading Guardian And Sky Plan Stakes In Art Channel
Attic Futura is to launch a web portal for teenage girls. Drawing on the strength of its teen titles – which include Sugar and B – the group is to invest £10 million in the project, due to launch later this year. The teen sector as a whole was struggling in the latest ABC audit… Continue reading Newsline Brief
EMAP has promoted Paul Keenan to the position of chief executive of EMAP Digital, with a brief to oversee the media group’s global online operations. Keenan, who joined EMAP in 1992, is currently chief executive of EMAP’s élan division, which publishes titles including Elle, New Woman and Red.Keenan has been involved in the launch of… Continue reading EMAP Appoints Head Of Digital Operations
The UK division of Saatchi & Saatchi, the worldwide advertising and marketing agency, reported a decrease in its ongoing revenue during 1999. It fell by 1.2% to £57.5m as accounts lost due to conflict situations were not totally offset by new business gains.The group as a whole had a successful year, however, with pre-tax profits… Continue reading Saatchi & Saatchi Reports Dip In Revenue
Online advertising is set to continue its boom, with revenues reaching £620 million by 2004, according to Fletcher. In 1999 online adspend stood at £50 million, drawn from a mixture of dotcom start-ups and traditional media companies moving to the Net. By 2004, 50% of all online ads will come from dotcoms, says Fletcher. Dotcom… Continue reading Online Advertising To Hit £620m By 2004, Says Fletcher
The Advertising Standards Authority (ASA) has upheld a complaint from digital terrestrial broadcaster, ONdigital, in regard to a leaflet distributed by cable company, Cable & Wireless Communications (CWC). ONdigital said that the comparisons made between its platform and CWC’s own digital service were inaccurate and misleading.CWC’s leaflet contained a table which stated that CWC’s digital… Continue reading ASA Upholds Complaints Against CWC
