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VNU, the European publisher and information provider, has said that 2002 earnings per share will probably rise about 5%, an increase on the initial estimate of 3%. The upgrade reflects growing demand at AC Nielsen, its market information subsidiary as well as the weak dollar and comes on the back of encouraging first half results… Continue reading VNU Raises Earnings Growth Forecast

UK publishing group, Highbury House Communications, this morning said that it is still on target to improve profits for the full year, despite the continuing poor conditions in the business advertising market. Nevertheless, profits are still likely to be ‘somewhat lower’ than current market forecasts. The consumer publishing division has continued to perform well in… Continue reading Highbury House Sees Some Profit Growth, But Below Expectations

After more than two years of investigations, the Office Of Fair Trading (OFT) has concluded that BSkyB, whilst holding a dominant market position, has not been operating in breach of the competition law (see OFT Proposes Ruling Against BSkyB). Margin squeeze The OFT has been investigating complaints from rival pay-TV operators that Sky abuses its… Continue reading BSkyB Has Not Acted Anti-Competitively, Finds OFT

US business-to-business (B2B) advertising spend decreased by 9% in October, whilst advertising page volumes decreased by 10.6%, according to the latest figures from American Business Media (ABM). This is an improvement in the rate of decline, with overall growth this year standing at -16.7%; pages are down by 16.9% in the calendar year. “In spite… Continue reading Decline Eases Slightly In US B2B Advertising

Over 95% of business broadband subscribers in the US connect to the internet via DSL or cable modems, according to a report from In-Stat/MDR. The company stated that in-ground broadband services are expected to retain their hold on the business community with total subscribers set to increase from 4.8 million last year to 15 million… Continue reading US Firms Turning To DSL And Cable Broadband

Despite weekend speculation regarding a dispute with a prominent creditor, Telewest is confident that it will complete its financial restructuring early in 2003. The indebted cable firm is currently negotiating a new £2 billion loan that will enable refinancing to take place (see NTL And Telewest Press Ahead With Refinancing Plans). Telewest is planning to… Continue reading Telewest Positive On Restructuring Plan

Pearson, publisher of the Financial Times, has said that it does not expect to witness an upturn in ad sales at the title next year. This follows news that advertising revenues at the FT were down 11% in the second half of 2002. The FT Group, which includes the Investors Chronicle and a number of… Continue reading Pearson Sees No Revival In Financial Sector

Joe Sinyor, chief executive of Trinity Mirror’s newspaper division, is believed to be stepping down following the appointment of Sly Bailey as chief executive of the group last week (see Bailey Leaves IPC To Replace Graf At Trinity Mirror). According to a report in the Sunday Times, Sinyor, who has been at Trinity Mirror for… Continue reading Sinyor Rumoured To Be Departing Trinity Mirror

ISBA has today underlined the case for a Competition Commission review of the proposed merger of Carlton and Granada. A submission to the OFT outlines advertisers’ concerns over the impact that a merger would have on the market for airtime sales in the UK, and makes clear their belief that the proposals should be referred… Continue reading ISBA Urges OFT To Block ITV Merger

Third quarter advertising revenues fell by 2.5% at Trinity Mirror, publisher of the Mirror titles and a raft of regional newspapers. However, there has been some improvement in the first two months of Q4, with a slight growth of 0.3%, the group said in a pre-close trading statement this morning. There is currently a north/south… Continue reading Trinity Mirror Ad Revenues Pick Up In Q4