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News Corporation chief Rupert Murdoch has professed himself more than satisfied with the performance of the company and claims to have no intention of stepping down. Speaking at News Corp’s AGM in Adelaide this week, Murdoch said that the group was “very confident” of meeting its earnings targets given the encouraging outlook. “All the signs… Continue reading Murdoch Spurred On By Improving Economy

Despite rising revenues, the New York Times Company has reported a 15% drop in third quarter earnings. The US publisher cited an increase in the cost of newsprint and health care as being primarily responsible for the decline. Advertising revenue rose by 4.9% in September but this could not compensate for falls in July and… Continue reading New York Times Reports Earnings Slump

The advertising outlook is improving and the leading agencies are well positioned to take advantage of the market situation in 2004, according to analysis by Lehman Brothers. Despite mixed signals, the investment bank asserts that conditions for advertising and marketing services are picking up, especially in the US and Asia. This means that 60% of… Continue reading Top Agencies To Enjoy The Fruits Of Recovery

Two of the leading newspaper publishers in the US have reported a rise in profits for the third quarter as signs abound of a recovery in the advertising market. Gannett, which owns USA Today and several hundred regional titles, said that profits were up 5% to $279 million in the three months to the end… Continue reading Gannett & Dow Jones Prosper In Q3

US adspend is growing at a faster rate than anticipated and is predicted to reach £164 billion this year. The prognosis is for continued strong media performance in the election year of 2004, before a slowdown begins. However, 2006 is shaping up to be a rebound year. The lastest comprehensive figures issued by Jack Myers… Continue reading INSIGHTanalysis: Prospects Remain Good For US Ad Market

The majority of advertisers and media buyers fear that the creation of a single ITV sales house will drive up the cost of airtime, according to a new poll carried out for the Financial Times. The study shows that around 70% of respondents believed that advertising rates at ITV would increase following the merger of… Continue reading Advertisers Fear ITV Sales House Will Push Up Airtime Costs

Conrad Black, chairman and chief executive of Hollinger International, is set to announce a “comprehensive reconstruction” of parts of its parent firm, according to press reports. Hollinger Inc, which controls Hollinger International, publisher of the UK’s Daily Telegraph and the Chicago Sun-Times faces a potential funding shortfall after a profits warning in August (see Financial… Continue reading Hollinger Chief Plans Reconstruction

Carlton and Granada have announced a 7% increase in ITV1’s network programme budget after the Government cleared the way for their £4.2 billion merger. The £57 million year on year increase to £849 million for the current financial year, from 1 October to 30 September 2004, could increase once cost savings from the merger a… Continue reading ITV Merger Leads To Increase In Programme Budget

Independent News & Media has announced the sale of its stake in a Portuguese newspaper group as it continues to dispose of non-core assets. The publisher has sold its 19.1% stake in Lusomondo Media to the Lisbon-based Cofina Group for £17 million. Cofina owns several of the biggest titles in Portugal including Correio da Manha,… Continue reading INM Accepts Offer For Portuguese Stake

ITV has unveiled a wide-ranging seven point plan for growth that will help it stave off any American take-over through the launch of a series of new digital channels and a new commitment to produce more format-based television programmes. The strategy has been unveiled in an interview in the Sunday Times with Charles Allen and… Continue reading ITV Unveils Growth Plan And Vows To Fight Off Takeover Bid