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Strong UK company profitability will act as the biggest boom to advertising spend in 2007, according to a new forecast from OPera Media. It adds that on-trend GDP growth will mean modest growth in display advertising expenditure, at 1.7% for 2007. Strong increases from the online search and classified sectors will see total advertising spend… Continue reading 2007 UK Advertising Spend Boosted By Online

NTL has pulled out of a proposed £4.7 million merger with ITV as it believes that a deal is unlikely to be acceptable to NTL. However, according to reports in the trade press, NTL has reserved the right to make another move if BSkyB sells “all or a material part” of its 17.9% stake in… Continue reading NTL Pulls Out Of ITV Merger

Global economic growth is predicted to remain robust at 4.9% for 2007 although inflationary pressure in advanced economies is the key downside risk to this forecast, according to OPera Media. European GDP growth for the full year 2006 is expected to reach 2.4%, up from 1.3% in 2005, but slowing to 2% in 2007. At… Continue reading Global Economic Growth To Remain Robust In 2007

Trinity Mirror’s investment bank, NM Rothschild, is presenting findings of its quarterly review to the publisher’s board today, with reports suggesting the company could consider separating into national and regional newspaper operations. It is understood that if such a decision were to go ahead, Trinity Mirror would effectively separate its 240 regional UK titles, which… Continue reading Trinity Mirror Could Split Into Two Newspaper Businesses

Branded advertising revenue growth for Yahoo! US is likely to be down 40% on last year at 20% this quarter, according to predictions from Merrill Lynch. Despite the projected slowdown in growth, the report was positive overall, with Merrill Lynch reiterating its buy recommendation. “Our industry contacts indicate that Yahoo!’s premium inventory remains a differentiated… Continue reading Yahoo! Branded Ad Rev Down 40% Year On Year

NTL’s major shareholders are becoming frustrated with the cable giant’s attempts to acquire ITV and would prefer it if the company focused on integrating Telewest and Virgin Mobile. According to a report in the Guardian, some of NTL’s largest shareholders want the company to forget about bidding for ITV and to concentrate on matters closer… Continue reading Shareholders Want NTL To Forget About ITV Merger

Northern Irish multimedia group UTV has apparently re-entered discussions with SMG about a possible merger, according to reports in the trade press. SMG, which owns cinema advertising business Pearl & Dean and Virgin Radio, confirmed in August that it had received a merger bid from UTV which would have given SMG shareholders 50% of the… Continue reading UTV Reopens Merger Talks With SMG

Clear Channel has denied that it is in talks with JDecaux or any other company about the sale of its outdoor arm Clear Channel Outdoor. In a statement, Clear Channel said: “Clear Channel Communications and Clear Channel Outdoor Holdings today confirmed that they are not in discussions with JCDecaux, or any other company, involving the… Continue reading Clear Channel Denies Outdoor Sale

Magazine publisher Future has delivered “disappointing” financial results, having overspent in new acquisitions, after the group announced its profits were down by a third in its results to 30 September 2006. The publisher’s profits fell by a third to £13.7 million in the year to the end of September. Lower sales and ad revenues from… Continue reading Future Looks Ahead After Disappointing Financial Results

Pre-tax profits at GCap Media are down 32% year on year, according to the group’s interim results for the six months to 30 September 2006. The company made £8.4 million compared to £12.4 million in the same period last year. Flagship London station, Capital Radio, has seen its revenue down by £6.3 million year on… Continue reading Capital Radio Continues To Impede GCap Media’s Growth