More Media Business articles

Future Network, the troubled games and specialist publishing group, has moved into the black in the first half of this year, with a pre-tax profit of £0.9 million, compared to a loss of £106.8 million for the same period last year. The group describes the first half as demonstrating ‘important progress’. “The business is debt-free,… Continue reading Future Network Moves Into The Black In First Half

First half earnings at pan-European broadcasting group, RTL, were down by 23.0% due to the very weak television advertising market in Europe, the group announced this morning. Group revenue rose by 5.1% to E2.1 billion, but underlying revenue fell by 2.0%. RTL sees continued difficulties in the advertising market conditions, with the German market down… Continue reading RTL Sees No Ad Improvement As Earnings Tumble

During the last six years or so we have witnessed the very rapid and at times tumultuous birth of a whole new communications medium – the internet. Rapid because it has come to play a role in so many aspects of our personal and business lives in such a short time. Tumultuous because, from a… Continue reading Insight Analysis: Can There Really Be A Free Lunch At The ‘Cyber-Buffet’?

Cordiant Communications chief executive, Michael Bungey, is expected to announce on Friday, along with the group’s financial results, that he will leave the company, according to further speculation in the broadsheet press. It has been rumoured for some time now that Bungey will step down from his role at the top of the global marketing… Continue reading Bungey Expected To Leave Cordiant Comms

Are we to experience a double-dip or a return to growth? This is one of the key questions that has been posed by market analysts over the last month. The spectre of a second economic dip was raised after recent worries over corporate profitability and a waning consumer confidence have rocked the markets, particularly in… Continue reading Insight Analysis: Media Healthcheck – August 2002

Global marketing and communications agency, WPP, has announced that its Red Cell network has bought leading French creative agency, Les Ouvriers du Paradis. The Paris-based agency will merge its operations with Red Cell’s existing French operation, Red Cell Paris and be renamed Les Ouvriers du Paradis/Red Cell. The acquisition continues WPP’s strategy of strengthening its… Continue reading WPP Buys French Creative Agency

Vivendi Universal, the financially stricken international media group, has agreed the sale of its French consumer press division and its stake in the internet venture Vizzavi as it seeks to reduce mounting debts. The two deals, which will amount to almost £300 million in total, represent the first steps taken by chief executive Jean-René Fourtou… Continue reading Vivendi Offloads High Profile Assets

As rumoured in the press yesterday, Granada’s chief executive Steve Morrison is to leave the company at the end of September, it was confirmed this morning. Current chairman, Charles Allen, is to take Morrison’s role heading up the company, also as expected. Morrison’s departure is thought to have been pushed through following shareholder dissatisfaction at… Continue reading Morrison Ends 28 Year Tenure At Granada

Conditions in the UK advertising market continue to be difficult, according to a first half financial results statement from publishing group Highbury House Communications, released this morning. The group says that compared with the current trading conditions, those of H1 2001 were reasonably favourable, with the major downturn not occuring until the second half of… Continue reading Highbury Sees No Improvement In Difficult Ad Conditions

Pre-tax losses at magazine publisher I Feel Good (IFG) dropped from £1.1 million in the first half of 2001 to £285,000 this time, the group announced this morning. Operating loss fell from £1.2 million to £169,000 during the period. IFG publishes men’s magazine Jack, along with Viz, Bizarre, Fortean Times and Leeds, Leeds Leeds, all… Continue reading I Feel Good Figures Look More Pleasing In First Half