More Media Business articles

Havas has recorded a fall in profits of over 39% for the first half of 2006, although it has generated revenue growth of 2.8%. The group recorded operating income of $56 million compared to $75 million in the first half of 2005 and net income (Group share) of $21 million compared to $34 million in… Continue reading Havas First Half Results 2006

US online adspend growth rates are projected to reach 26.8% and 15.1% in 2006 and 2007 respectively, according to a new report from eMarketer. Even as spending growth subsides, continued positive gains are forecast to push US online ad spending over $21 billion in two years and past the $25 billion mark by the end… Continue reading US Online Adspend To Reach Over $21 Billion

GCap Media has announced that its revenues for the six months ending September 30 are forecast to fall by 9% year on year. Capital Radio, owing to its decision to play only two ads back to back, has worsened the figure. If Capital Radio is excluded, like for like revenues for the six months to… Continue reading GCap Expects 9% Fall In Revenues

ITV is attempting to acquire the cinema advertising business Pearl & Dean, which is being sold by SMG, according to reports in the press. ITV’s main competitor for the business is said to be Clear Channel, with private equity firms also interested in the iconic brand. ITV currently owns Carlton Screen Advertising which has 75%… Continue reading ITV Could Bid For Pearl & Dean

The decline in ITV1’s ad revenue is expected to continue into the fourth quarter of the year, following an 18% decline in Q3. A report in today’s Financial Times says that advertising revenue is now expected to fall 20% year on year for the three months to December. In addition, the broadcaster looks set to… Continue reading ITV Ad Revenue Decline Expected To Continue In Q4

Daily Mail & General Trust (DMGT) has announced that advertising revenue for both its national and regional divisions declined year on year for the 11 months to the end of August. DMGT’s national division, Associated Newspapers, saw total advertising revenues fall by 2% (6% excluding acquisitions), with DMGT putting the “robust performance” down to strong… Continue reading DMGT Ad Revenues Decline

Chrysalis Radio delivered overall revenue growth of 4.2% in the twelve months to 31 August, reaching £65.5 million. Chrysalis said that on a like-for-like basis, excluding the acquisition of Heart 106 in the East Midlands in May 2005, revenues for the full year were flat at £61.7 million. However, tight control of overheads and improved… Continue reading Chrysalis Radio Revenue Grows 4.2%

UTV has announced that it no longer intends to pursue its merger proposal with SMG, owner of Virgin Radio. UTV said that in reaching its decision the board took into account the interim results of SMG, announced on 13 September 2006, and the ongoing weakness in the advertising market faced by the ITV network. The… Continue reading UTV Withdraws SMG Merger Proposal

Independent News & Media recorded an increase in revenue of 3.6% to €796.7 million for the six months to June 30, with growth driven primarily by the publishing division (4.2%). The company’s interim statement, released today also showed good underlying increases in both circulation (5.5%) and advertising (3.8%) revenues. Independent News & Media said that… Continue reading Independent News & Media Announces Interim Results

Nick Manning, the chief executive of Manning Gottlieb OMD and OMD UK, is to leave the agency. According to reports in the trade press, Nick Manning, who founded Manning Gottlieb Media with Colin Gottlieb in 1990, is expected to leave OMD next Spring. MGM was renamed Manning Gottlieb OMD in February 2002 following MGM joining… Continue reading Nick Manning Set To Leave OMD