More Media Business articles

Cable operator NTL yesterday announced that customer expansion and revenue growth has helped narrow year-on-year profit loss for the second quarter of 2004. Revenues from April to June 2004 jumped £28.3 million on the same quarter last year to £397.8 million, driving profit loss down to £7 million from £51 million in 2003. The New-York… Continue reading NTL Losses Down As Customer Base And Revenues Grow

Rival television audience measurement companies, AGB Group and Nielsen Media Research, have joined forces to form a global joint venture that could dominate the market. The new company, which will operate under the brand name AGB Nielsen Media Research, will be half owned by Sir Martin Sorrell’s WPP and half owned by Nielsen Media Research,… Continue reading AGB And Nielsen Join To Form Global Ratings System

Worldwide free newspaper, Metro International, has remained the world’s most-read newspaper as sales increased by 50% in the first half of 2004 to reach 14.5 million readers a day. The jump in sales spurred profits at Metro to reach $145 million from January to June 2004, with the group reporting its second quarterly net profit… Continue reading Metro International Remains World’s Most Read Newspaper

BSkyB has today unveiled that profits for the year ending 30 June 2004 climbed by a staggering 65% to £600 million, despite the group once again failing to meet its self-set goal of adding 100,000 new subscribers a quarter. The satellite provider also posted a healthy revenue gain, up 15% to £3.7 billion. However, it… Continue reading Sky Profits Rocket Despite Slowing Subscriber Rates

Consumer spending in the United States fell by 0.7% in June – the largest drop since September 2001, according to figures published by the Commerce Department. As reported in today’s Financial Times, US government statisticians have estimated that the economy grew slower than expected, up only 3% during the second quarter, owing to a 1%… Continue reading US Spending In June Matches Decline Of 2001

Ed Meyer, chairman and chief executive of Grey Global, could be in a for a $34 million cash payout if he succeeds in selling the advertising group for $1.3 billion. According to a report in The Times today, Meyer, 76, who has been Grey’s chief executive since 1970 is also thought to be entitled to… Continue reading Meyer Set For $34 Million Payout After Sale Of Grey

French advertising giant, Havas, has today posted only a small increase in organic revenue for the second quarter of 2004, despite improved conditions in the UK and European markets. Group revenues which were up by only 0.6% to â‚Ź393 million, after currency rate adjustments for the period March to June 2004, were dogged as expected… Continue reading Havas Revenues Held Back By Poor Growth In United States

ITV chairman, Sir Peter Burt, has once again reaffirmed his commitment to the broadcaster’s embattled chief executive, Charles Allen, telling shareholders and staff that replacing the broadcast boss does not feature on his to-do list. Burt has also quashed rumours that former BBC chief executive, Greg Dyke, is being groomed as Allen’s replacement. Speaking to… Continue reading Burt Underlines Commitment To Allen As Chief Executive

Channel 4 is believed to be considering plans to launch a national, speech-based, digital radio station sometime next year to compete directly with BBC Radio Four. The initiative is the brainchild of Channel 4’s recently appointed chairman, Luke Johnson, who is looking at ways to diversify the broadcaster’s revenue in the face of increasing competition… Continue reading Channel 4 Plans To Launch National Talk Radio Station

Publicis Groupe, owner of media buying giants ZenithOptimedia, announced today that revenues for the second quarter of 2004 rose by 4.5% as Europe, along with all other operating regions showed encouraging growth. Although steadily picking up, growth in the European market still lagged behind the rest of the world with growth of 2.2% taking revenues… Continue reading Publicis Revenues Up 4.5% With Encouraging Growth Worldwide