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Carlton Communications and Granada may report a combined loss of £300 million in their full-year results, due to be released later this week. According to the press speculation, Carlton will show heavier losses than Granada. Both groups have been hit by write-downs following the collapse of the joint ITV Digital venture. Further strain has come… Continue reading ITV Giants Set To Unveil £300m Exceptional Losses

Lastminute.com, the trailblazing internet travel company, has provided a boost to the e-commerce sector by announcing its first ever quarterly profit. The online retailer today reported pre-tax profits of £302,000, before one-off costs, for the three months to September. This contrasts with the £3.9 million loss recorded in the previous quarter (see Lastminute Strives To… Continue reading Lastminute Posts First Profits

Vivendi Universal (VU) has been offered E15 billion for its US and European entertainment assets, an offer which it has so far declined, according to reports. The French media group has said that its music and entertainment businesses are not up for sale, although it is thought that chief executive, Jean-René Fourtou, would seriously look… Continue reading Vivendi Receives €15bn Offer For Ents Businesses

Scottish Radio Holdings (SRH) is beginning to see improvements in its radio advertising levels, following a flat performance in the year to 30 September 2002. The group says that radio revenue was flat during its financial year, with national advertising showing a 6% decline, whilst local revenues grew by 3%; sponsorship and promotions revenue was… Continue reading Scottish Radio Sees Brighter Start To New Year

New research by Booz Allen Hamilton has revealed that the UK has the second best environment for e-commerce. Only the United States ranked higher in a study commissioned by the British Government’s Office of the e-Envoy and the Information Age Partnership. Booz Allen examined statistical indicators and government policies in every G7 country plus Sweden… Continue reading UK Is Second Best For E-Business, Says Report

Following a severe earnings warning last month (see Interpublic Earnings Warning Shocks Markets), advertising network Interpublic Group yesterday unveiled Q3 results even poorer than had been expected. Earnings per share were just $0.02, down on October’s forecast of $0.08-$0.10 and way below the original, pre-warning Wall Street consensus of $0.28. Organic revenues declined by 5.8%,… Continue reading Interpublic Results Are Way Below Already-Reduced Figures

Lehman Brothers has upgraded its advertising, subscriber and earnings forecasts for BSkyB, following a strong set of first quarter results, released earlier this month (see BSkyB Back In The Black Following Strong Subscriber Growth). The broker has raised its advertising growth forecasts from 3% to 10% for the full year 2003, implying revenue of £276… Continue reading BSkyB Growth Forecasts Upgraded By Lehman Brothers

Losses at the UK’s largest commercial radio group, GWR, have risen to £12.1 million for the six months ended 30 September 2002, in what chairman Ralph Bernard describes as a period of ‘volatile and difficult trading conditions’. Total loss for the same period in 2001 was £1.9 million. Turnover at the group remained flat year… Continue reading GWR Losses Deepen To £12m As Tough Market Conditions Bite

Aegis Group, the global media communications and market research company, announced today that it has acquired a 40% interest in the leading Chinese outdoor media contractor Asiaray, with an option to acquire a further 40% of the business by the end of 2005. Aegis is paying an initial £2.9 million for the stake, with further… Continue reading Aegis Builds Chinese Outdoor Presence

US radio group, Clear Channel, is believed to have ruled out acquiring UK radio assets through hostile bids. The Financial Times reports that Roger Parry, the chief executive of Clear Channel International, claimed that the group would only be interested in buying a UK radio operator if it was confident it could combine it with… Continue reading Clear Channel Rules Out Hostile UK Radio Bids