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JCDecaux, Europe’s largest outdoor advertising contractor, has announced half-year results showing an 8.4% rise in net profits. Net earnings group share, before goodwill and exceptional items totalled E44.1 million, an increase from E40.7 million in the first six months of 2001. EBITDA (earnings before interest, tax depreciation and amortization) was maintained at E200.2 million compared… Continue reading JCDecaux Bullish After H1 Profits Announcement

Revenues at Chrysalis Radio are continuing to outperform the market and are expected to show a 9.5% increase during the 12 months to August 2002, the group announced in a trading statement this morning. This compares to an anticipated decline of 5.0% for the UK radio sector as a whole. Revenues at Chrysalis are predicted… Continue reading Chrysalis Revenues 15%pt Stronger Than Radio Sector

EMAP says that its consumer magazines division is trading ahead of expectations with advertising up 7% and circulation revenues up 10%. The company, which presented to a Lehman Brothers media conference earlier in the week, also said that radio revenue is in line, down by 7%; business to business is up 2%. It also confirmed… Continue reading EMAP And Capital Update On Trading, Merger Mooted

Vivendi Universal, the heavily indebted media giant, has secured a loan of E3 billion which will give the group breathing space in its ongoing asset disposal programme. Jean-René Fourtou, the company’s chief executive, is committed to reducing Vivendi’s E19 billion debt and has already agreed the sale of the Vizzavi internet portal and the Express-Expansion… Continue reading Vivendi Buys Time With E3 Billion Loan Deal

AOL Time Warner has appointed Michael J. Kelly as its new president of global marketing solutions, with responsibility for developing and implementing cross-platform marketing solutions across its portfolio of products. Kelly will report to Dan Logan, chairman of AOL Time Warner’s media and communications group, who commented: “His experience and skills are ideally suited to… Continue reading AOL Appoints New Marketing Supremo

Lastminute.com has reached a pivotal point in its history with the announcement that it will post its first pre-tax profits in the current quarter. Last month, the high profile online retailer revealed that pre-tax losses had narrowed to £3.9 million in the three months to June (see Lastminute Strives To Get In The Black). It… Continue reading Lastminute Issues Profits Promise

The prolonged saga of talks between News Corp and Vivendi over the future of Telepiù is set to reach a conclusion with Rupert Murdoch’s organisation prepared to acquire the Italian pay-TV operator for almost one billion euros. News Corp now seems likely to merge Telepiù with its own pay-TV operation Stream to create a single… Continue reading News Corp Closes In Deal To Take Telepiu

Advertising volumes at the Wall Street Journal declined by 14.8% during August, the newspaper’s parent company, Dow Jones, has announced. This puts Q3 figures down by 16% to date, according to analysts at Merrill Lynch. General advertising volumes at the paper were down by 22.4%, according to the broker, with declines in auto, healthcare and… Continue reading Revenues Remain Weak At Wall Street Journal

Northcliffe Newspapers, a subsidiary of Daily Mail and General Trust, has been fined £1.3 million by the Office of Fair Trading (OFT) for predatory pricing by its Aberdeen Journals division. John Vickers, director general of OFT, commented: “Aberdeen Journals deliberately incurred losses in a persistent campaign to remove its only direct rival from the market.… Continue reading Northcliffe Receives £1.3m Fine For Predatory Pricing

Ulster Television (UTV), part of the ITV Network, saw advertising revenues rise by 0.3% in the six months to the end of June, substantially outperforming the network as a whole, which saw a 5.6% decline in airtime revenue. UTV’s first half results, released this morning, showed pre-tax profits drop by 9.4% to £5.7 million; turnover… Continue reading UTV Ad Revenue Outperforms ITV Network