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Chrysalis Group is set to sell its television division to a management buy-in (MBI) group led by a trio of former ITV heads. Chrysalis today confirmed that a sale has been agreed in principle with debt and equity providers, although the exact terms have yet to be finalised. The MBI group is led by Steve… Continue reading Chrysalis To Sell Television Group To Former ITV Heads

Pearson, the international media company which owns the Financial Times, today said that the increased economic uncertainty caused by the war in Iraq has had an impact on current trading, especially at its business newspapers, where advertising revenues have fallen significantly in recent weeks. The company’s FT Group, which accounts for 17% of revenues, has… Continue reading FT Ad Revenue Drops 18% In Twelve Months, Says Pearson

AOL Time Warner saw a welcome return to profit in the first quarter of 2003 and now seems ready to put behind it the trauma of the past year. Shares in the world’s biggest media company rose 5% yesterday upon news of a Q1 net profit of $396 million. This compares with a $54 billion… Continue reading AOL Bounces Back Into Profit

Magazine publishing group, I Feel Good (IFG), this morning said that its full-year losses were reduced from £1.2 million in 2001 to just £0.2 million last year, as turnover grew by 90% to £8.0 million. Earlier this week, the group announced that it has received an approach which could lead to a takeover offer, although… Continue reading IFG Cuts Losses As Takeover Approach Is Made

Global market research firm, Taylor Nelson Sofres, is bringing together all of its operations across 53 countries under the new operating name of TNS. Until now TNS has run numerous divisions with different corporate brands; now they will all be tagged with the TNS name. Accordingly, in the US, CMR, Taylor Nelson Sofres Intersearch and… Continue reading Taylor Nelson Sofres Adopts Umbrella TNS Name

Regional newspaper group Archant has reported profits up 5.8% as a result of improving advertising sales in 2002. The newspaper group, ranked seventh amongst UK regional publishers, said that operating profit reached £27.7 million last year. This was based on turnover of £146.2 million, up 1.2% on 2001. Archant’s chief executive John Fry commented: “During… Continue reading Archant Sees Profits Rise In 2002

Still reeling from discouraging preliminary results and a shareholder revolt at its AGM last week, Reuters yesterday announced a 13% fall in group earnings for the first three months of 2003. The news and information provider said that underlying revenues totalled £798 million in the first quarter, down from £912 million in the same period… Continue reading Reuters Revenues Hit By Slump In Online Broking

US entertainment giant Viacom withstood ongoing pressures in the advertising marketplace and has reported a profit for the first quarter of 2003. The corporation has also agreed a deal to take full control of the the Comedy Central network. In the three months to March, Viacom, the world’s third largest media company, saw revenues rise… Continue reading Viacom Buoyed By First Quarter Earnings

Despite the uncertain economic and media environment, advertisers are continuing to shop around for their agencies, particularly in Europe. According to new figures from AdForum, the number searches for new agencies in Europe was up by 15% quarter on quarter in Q1 2003. The Index of Agency Search Activity also showed that client reviews in… Continue reading Agency Reviews On The Rise Despite Uncertain Climate

Expenditure on market research in the UK increased by 2.6% in 2002, according to new industry figures. The British Market Research Association (BMRA) calculates that MR spending totalled £1.18 billion last year. Domestic sales grew by 2.3% to £884 million while international research accounted for £292 million, a rise of 3.8%. These estimates are based… Continue reading Market Research Sector Grows 2.6% In 2002