More Media Business articles

It has been a weak year for Capital Radio, with revenues down by 3.9% and pre-tax profits off by 18.0% in the twelve months to September, the company has announced this morning. Despite the protracted weak markets, the group says that it is now seeing signs of slight improvement in the UK advertising sector. Chief… Continue reading Weak Ad Conditions Push Capital Radio Profits Down 18%

The management board of ITV plc has appointed a headhunter to find an independent non-executive chairman for the group that will result from the completed merger of Carlton and Granada early next year. The Zygos Partnership, a headhunting firm set up last year, is understood to have been asked to find a chairman to replace… Continue reading ITV Plc Appoints Headhunter To Find New Chairman

Regional newspaper publisher, Northcliffe Newspapers, is sizing up a bid for 27 newspapers in the Greater London area and has applied for consent from the Department of Trade and Industry (DTI). The titles are owned by Independent News & Media (INM), publisher of the Independent national newspaper. INM has already agreed to sell the titles… Continue reading Northcliffe Looks At INM London Papers Bid

Global advertising network, Interpublic Group, has reported a third quarter loss of $327.1 million, as it moves into the early stages of its ‘turnaround programme’. The loss on continuing operations was even higher at, $416.2 million. The difference comes from the $89.1 million made on the sale of NFO WorldGroup to TNS in May this… Continue reading Interpublic Losses Continue In Restructure

Advertising and marketing spend rose by 7.1% in 2002, according to a survey of the top 100 marketers compiled by US trade magazine AdAge. AdAge says that this increase in spend shows how the world’s leading marketers ‘weathered’ slow growth and the uncertain global economic and political conditions. During 2001, marketing spend declined by 2.6%… Continue reading Global Marketing Spend Rises 7% In 2002

Cross-media group Emap this morning released a confident set of first half financial results, reporting pre-tax profits up by 9% to £94 million on turnover up by 7% to £509 million. Chief executive Tom Moloney is confident that the company will meet its full-year targets and says that new product developments and recent acquisitions are… Continue reading Emap Profits Jump 9%, Aided By Strong Consumer Mags

Modest growth in the advertising industry is expected for 2003, with the media agencies benefiting more than the creative agencies, according to key industry figures. Jerry Muhlmann, CEO of Carat International, told a Merrill Lynch event that his group is predicting a ‘modest’ 3.0% rise in global ad growth for 2003. Europe is forecast to… Continue reading Modest Ad Growth Predicted By Key Figures

More than one quarter of US households bank online and this is forecast to rise to 38.7% by 2007, according to eMarketer’s new report Interactive Banking In The US: Making the Most Of A Multi-Channel World. The group says that in 2003 there were 27.8 million homes using internet banking. This is 26.1% of all… Continue reading Half Of Online US Homes To Use Internet Banking By 2007

ITV has confirmed that Graham Duff has been appointed managing director of its merged sales operation. Duff, currently chief executive of Granada Enterprises, will lead the integration of Carlton and Granada’s sales operations following the completion of their long awaited £4.5 billion merger early next year (see Advertising Industry Consulted On ITV Merger Remedy). The… Continue reading Duff Appointed To Head Up Merged ITV Sales House

Confirmation came this month that the advertising industry is finally ‘climbing out of the bath’. This somewhat curious assessment comes from WPP’s chief Sir Martin Sorrell, who has used a bath-tub description to depict the fortunes of the industry during the downturn. A marked decline was followed by a long period of flat growth and… Continue reading INSIGHTanalysis: Media Healthcheck – October 2003