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French advertising network, Havas, has posted first quarter financial results that show a significant slow-down in revenues in the UK and US. These regions comprise around two-thirds of Havas’ business. Total group revenues were €402 million, down by 19.8% on Q1 2002. Within this, Europe fell by 15.1% to €197 million, with Germany, Italy and… Continue reading Havas Revenues Show Weak UK And US, No Recovery Until 2004

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

The broadband market has defied the downturn in the rest of the telecoms and internet sector and ‘enjoyed striking growth’ across the globe in the last three years, according to The McKinsey Quarterly. This expansion is set to continue for the foreseeable future as consumers tap into the benefits of high-speed internet access. In its… Continue reading INSIGHTanalysis: Broadband To Be A Boon For Business

BSkyB added 150,000 subscribers to its digital satellite service in the third quarter of its financial year, beating the consensus expectations. Analysts had predicted that there would be between 137,000 (Merrill Lynch) and 153,000 (Morgan Stanley), with Lehman Brothers forecasting 145,000 (see Morgan Stanley Expects 153k New Sky Subs In Q3). The group now has… Continue reading BSkyB Adds 150k New Subs In Q3, Strong Financials

Bertelsmann, the Germany-based global media group, is selling its scientific publishing arm, BertelsmannSpringer, to UK venture capitalist groups, Cinven and Candover. The two groups will pay €1.05 billion (£700 million) for the BertelsmannSpringer division, which comprises 70 different publishing companies. This deal will given the two private equity firms one of Europe’s largest publishers of… Continue reading UK Equity Groups Take BertelsmannSpringer For €1.1bn

Cordiant Communications this morning said that it is still in negotiations to reach a plan that will secure its future, following the devastating news of a key account loss a couple of weeks ago. Drinks group, Allied Domecq, announced that it intends to terminate the contract with Cordiant as of October this year; the advertising… Continue reading Cordiant Looks For Survival Plan

ITV advertising revenues are expected to be flat in the first half of the year, according to predictions from Lehman Brothers analysts. These forecasts concur with the group’s trading updates, released at the respective AGMs in March (see Carlton Sees Challenging H1 For ITV Ad Revenues). Previewing Carlton and Granada’s H1 financial results, the broker… Continue reading ITV Ad Revenue To Drop 2% In 2003, Says Broker

Influential Labour peer, Lord Puttnam, has strengthened his opposition to the Government’s Communications Bill, with a warning that it will face defeat in the House Of Lords unless plans to relax the UK media ownership regulations are abandoned. In his toughest criticism yet of the proposed legislation, Puttnam is believed to have demanded that the… Continue reading Puttnam Threatens To Quash Communications Bill

Interpublic, the indebted advertising and marketing group, recorded a heavy loss in the first three months of the year as it sought to reorganise and retain business after disappointing results in 2002. The company posted a net loss of $8.6 million in Q1, higher than analysts had expected. This compares with a profit of $59.8… Continue reading Interpublic Not Out Of The Woods After Q1 Loss

Revenues at German-based media giant Bertelsmann were hit by tough markets in the US and the weakness of the dollar, according to the group’s first quarter financial results. Overall revenues fell by 8.5% to €3.9 billion and the group slipped into an operating loss of €58 million, down from a profit of €20 million in… Continue reading Bertelsmann Tumbles Into Loss In First Quarter