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Emap’s new chief executive, Tom Moloney, has dismissed speculation that his appointment will herald a strategic shake-up at the magazine and radio group. Moloney, who takes up his new position at the end of the month (see Emap Appoints Moloney As New Chief Executive), insisted that his appointment represents the endorsement of the media group’s… Continue reading Moloney Rules Out Strategic Shake-Up At Emap

The French advertising group Publicis has said that it is on target to achieve predicted profit margins despite the bleak state of the advertising economy. Speaking at a media conference in Paris, Maurice Levy, the chairman and CEO of Publicis, stated that the company had seen no reason to amend its forecast of a 14.1%… Continue reading Publicis Chief Reiterates Targets, Rules Out Acquisitions

The Chartered Institute Of Marketing (CIM) has delivered further bad news to the UK marketing industry by claiming that sales targets for 2003 are some of the most cautious ever. The research suggests that the marketing industry, which has been hit by a flurry of downgraded forecasts and bearish sentiment, has little to look forward… Continue reading CIM Claims 2003 Sales Targets Are The Most Cautious Ever

Deutsche Telekom’s hopes of rasing around €2.2 billion from the sale of its cable assets are looking less likely to be realised, according to an article in today’s Financial Times. The report cites sources claiming that a consortium comprising Apax Partners, Providence Equity Partners and Goldman Sachs Private Equity will this week table a bid… Continue reading Deutsche Telekom May Not Get Asking Price For Cable Sale, Says FT

January The tone for the year was set when AOL Time Warner, the world’s biggest media company, revealed preliminary results for 2001 which failed to meet expectations and admitted that it was anticipating “no recovery in the economy” for the foreseeable future. Meanwhile, Cordiant Communications, was understood to be in talks with bankers about extending… Continue reading Insight Analysis: 2002 Financial Year Review

The number of UK businesses which failed in 2002 was 9.8% higher than in 2001, according to figures from global business solutions company Experian. Failures in the fourth quarter rose by 4.6%, indicating a slightly improving trend throughout the year. By region, Scotland showed the most substantial increase in failures in 2002, at 27.8%, with… Continue reading Ten Percent Increase In UK Business Failures In 2002

The slowdown in the market information industry during the second half of last year has resulted in organic turnover at Taylor Nelson Sofres (TNS) coming in more or less flat for the year, the company announced in a trading statement this morning. The market research group said that continuous and syndicated services have performed well,… Continue reading Taylor Nelson Sofres Sees Flat Revenues In 2002

BSkyB is reportedly considering paying up to £1 billion to secure the rights to broadcast Premier League football matches, despite facing less competition from rivals. The £1 billion that BSkyB is believed to be willing to pay for the rights is only slightly less than the £1.1 billion that it paid in 2000 to broadcast… Continue reading BSkyB Could Pay Up To £1bn For Premiership Rights

There is still too much complacency regarding the UK’s economy, with recent forecasts increasingly looking like wishful thinking, according to Deloitte & Touche‘s latest Economic Review. Official and market forecasts that predict a steady acceleration in growth of the next few years rely on a ‘gradual and orderly’ unwinding of the imbalances built up in… Continue reading UK Economic Prospects Tougher Than Forecasts Suggest, Says Deloitte Report

Vivendi Universal has moved to ease its debt burden by selling the US educational publisher Houghton Mifflin to an investment consortium for $1.66 billion. The sale, which was initially announced in November, is a welcome fillip for Vivendi which is coming off a disastrous 2002 during which its stock and reputation took a battering. The… Continue reading Vivendi Completes Sale Of US Publisher