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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

Already uncertain conditions have been accentuated by the war in Iraq according to the UK’s largest newspaper publisher, Trinity Mirror. It says that group advertising revenues for the first four months of 2003 are marginally ahead of the same period last year. The national titles – which include the flagship Daily Mirror – saw a… Continue reading Trinity Mirror Ad Revenues Marginally Up, Conditions Uncertain

Chrysalis Radio chairman, Chris Wright, has vowed to play a ‘leading role’ in the formation of the UK radio landscape that will emerge after the new Communications Bill proposals comes into force later this year. Wright, whose group owns the Galaxy and Heart networks, sees many exciting opportunities in the Communications Bill, which intends to… Continue reading INSIGHTanalysis: Chrysalis Looks To Lead In Consolidating Radio Landscape

Britain’s three million small and medium enterprises (SMEs) are losing confidence in the economy, according to a new survey from the The Tenon Group. The Q2 2003 edition of the Tenon Forum found that 46% of businesses questioned are negative about economic prospects, with a mere 2% feeling positive on the outlook. This is a… Continue reading UK’s SMEs Lose Confidence In The Economy

Analysts at Morgan Stanley predict that BSkyB will report 153,000 new subscribers to its digital satellite service when it posts third quarter financial results later this month. This figure is at the top end of expectations, with Lehman Brothers expecting 145,000 additions (see Lehman Analysts Expect 14% Subs Growth At BSkyB) and Merrill Lynch looking… Continue reading Morgan Stanley Expects 153k New Sky Subs In Q3

Chrysalis Group’s pre-tax profits jumped to £9.0 million in the first half of the year, up from just £0.6 million in H1 2002, the company announced this morning. The figures were boosted significantly by the sale in September of Galaxy 101 to Vibe Radio Services for £12.5 million (see Chrysalis Takes GWR’s LNR And Sells… Continue reading Chrysalis Radio Outperforms Industry, As Group Profits Jump

It is understood that Carlton chairman, Michael Green, has threatened to call off the proposed merger with Granada if the two are forced to sell their advertising sales houses. According to a report in The Times, Green has pledged to call a halt to the £2.6bn deal to create a single ITV company if the… Continue reading Carlton Boss Threatens To Halt Planned ITV Merger

Profits at Richard Desmond’s Northern & Shell increased by 25% in 2002, according to a report in Sunday’s Observer. The newspaper claims that accounts to be published this week will show that the media group produced operating profits of £60 million last year, up from £48 million in 2001. Turnover increased by almost 10%, from… Continue reading Desmond’s Empire Strikes Back With Profits Surge

The current disparity between the US and European advertising markets continued into April, with the former showing signs of improvement whilst the latter remains weak and uncertain. These conditions have been prevailing for the last few months as the US starts to pick up after the downturn, and Europe, as is expected, lags behind. The… Continue reading INSIGHTanalysis: Media Healthcheck – April 2003

James Brown, the ebullient founder of lad’s mag Loaded, has bowed to market forces and agreed to sell his I Feel Good magazine business to publisher Felix Dennis. It was reported last week that IFG had received a takeover approach (see Dennis Linked With Move For IFG) but at the time, the company refused to… Continue reading New Acquisition Makes Dennis Feel Good