More Media Business articles

At a time of uncertainty in the general retail sector, online shopping sales rose by almost a half in the US last year and internet buying is becoming an increasingly profitable activity, according to a new report from Shop.org and Forrester Research. The State of Retailing Online 6.0 featured a survey of more than 130… Continue reading US Online Retail Revenues Near $100bn

Online retailer Lastminute.com yesterday reported its second successive quarterly loss as the war in Iraq and the SARS virus impacted on the travel industry. Although higher than envisaged, the deficit of £4.2 million (before goodwill, exceptional items and taxation) represented an improvement on the same period last year when losses totalled £5.3 million. Total transaction… Continue reading Losses Fail To Dent Confidence At Lastminute

Misfortune continues to stalk the corridors at Vivendi Universal, which yesterday reported a fall in sales for the first quarter of 2003. The once mighty media group recorded the biggest annual loss in French corporate history last year (see Vivendi Left Reeling By Staggering Losses) and has been forced to sell assets in order to… Continue reading Vivendi Sees Revenues Slide In Q1

The management at Capital Radio remain confident about the future performance of the group despite interim results which showed a 15.5% fall in profits. The challenging advertising market has increased pressure on revenues which slipped more than 5% to £56.9 million in the six months ending March 31 2003. Similarly, profits before tax and goodwill… Continue reading Capital Takes Stock As Ad Slowdown Persists

Future Network has reported an satisfactory rise in revenues for the first quarter as it looks to build on the progress made in 2002. In a trading statment released to coincide with the group’s annual general meeting, Future said that gains had been made in each territory resulting in a 7% rise in overall revenue.… Continue reading Future Lifted By Bright Start To Year

After the upheavals of recent weeks, Cordiant Communications, the struggling advertising group, has today been given a two month deadline to get its affairs in order. Lenders have confirmed that they will continue financing agreements until mid-July, sufficient time for management to devise a survival strategy. “The company has now signed a definitive agreement with… Continue reading Cordiant Gets Breathing Space From Creditors

At-work internet users are a potentially lucrative audience and marketers would be well advised to devote a portion of their advertising budget towards reaching these people by day, according to new research from the US this week. The study carried out by the Online Publishers Association in association with Millward Brown IntelliQuest sought to examine… Continue reading Advertisers Eye At-Work Surfers

News Corporation yesterday reported a return to third quarter profits as a strong performance from the television unit overshadowed losses at the newspaper business. The media giant said that revenues were up 14% year on year to $4.4 billion as income rose in the the US TV and cinema sectors. Fox Broadcasting has enjoyed ratings… Continue reading Profits Boost For News Corp In Q3

First quarter revenues at NASDAQ-listed UK cable operator, NTL, were more or less flat year on year, down from £556.1 million to £546.5 million. NTL’s business growth was essentially put on hold until January this year, when it emerged from a Chapter 11 bankruptcy procedure (see NTL Emerges From Bankruptcy) that alleviated its substantial debt.… Continue reading NTL Returns To Growth After Chapter 11

French advertising network, Publicis Groupe, has reported strong first quarter revenues and record new business wins and said it sees some encouraging signs in the development of the market. Consolidated group revenues were up by 57% year on year to €905 million. This strong performance is due to the consolidation of the agencies of the… Continue reading Publicis Sees Encouraging Signs As Q1 Improves