More Media Business articles

The corporate sector has emerged as the early adopter of digital content, according to a new study by researchers at IDC. However, the market remains relatively immature with only 13% of corporations claiming to be using streaming media. About 6% plan to invest in the technology by the end of the year and a further… Continue reading Streaming Media Attracting European Companies, Says IDC

The fallout from the unsuccessful court action against Carlton and Guardian today resulted in the resignation of both the chairman and the chief executive of the Football League. Keith Harris and David Burns had come under fire following the failure to recoup £131 million from Carlton and Granada’s defunct pay-TV venture, ITV Digital (see League… Continue reading League Bosses Pay The Price For ITV Digital Defeat

World market information group, Taylor Nelson Sofres, has acquired Svenska Gallup, a market information business in Sweden. Svenska Gallup provides customised market information across all industry sectors, as well as opinion and social research and employee related studies. Svenska Gallup turnover for the year ended 30 June 2002 was SEK28.5 million (£1.9 million) and net… Continue reading Taylor Nelson Sofres Expands Into Sweden

According to a report in yesterday’s Mail On Sunday, Gerry Murphy, Chief Executive of Carlton, has expressed anxiety at the inclusion of Clause 150 of the government’s Draft Communications Bill. The article stipulates that the holders of Channel 3 (ITV) and Channel 5 digital broadcast licences will not have a right of renewal at the… Continue reading Carlton Boss Hits Out At Renewal Clause

The Guardian Media Group, which publishes the Guardian and the Observer newspapers, has announced a fall in profits for the year to March but claims that the advertising market is showing signs of recovery. Pre-tax profits at GMG totalled £9.8 million in the first three months of 2002, down from £67 million for the same… Continue reading GMG Reports Fall In Profits

The challenging advertising market continues, according to the first half financial results statement from United Business Media (UBM) released this morning. The group’s chief executive, Clive Hollick, said that there has been “no let-up in the difficult market conditions”. Accordingly, pre-tax profit fell by 43.2% to £40.7 million for the six months to 30 June… Continue reading Continuing Tough Market Hits UBM Profits

KirchMedia, the insolvent TV arm of Leo Kirch’s fallen media empire, said on Thursday that it had received seven bids for its assets from possible investors with a highest bid of E2.6 billion. “The high level of interest from potential investors confirms our view that the restructuring of KirchMedia can be completed successfully in the… Continue reading Seven Bids In For KirchMedia

The new managing director of Telewest has admitted that the indebted cable group will have to undergo financial restructuring to guarantee its future performance. Charles Burdick who has taken the helm following the removal of former chief executive, Adam Singer (see Telewest Chief Executive Removed In ‘Boardroom Coup’), said “We’re moving down the steps to… Continue reading Telewest Moving Closer To Debt Swap Agreement

The plight of media giant, AOL Time Warner has deepened with news that its accounting practices are to be investigated by the US Department of Justice. The announcement comes only a week after the Securites and Exchange Commission (SEC) launched a similar inquiry following allegations of malpractice at the AOL internet service (see AOL Time… Continue reading Justice Department To Launch AOL Probe

Gunter Thielen, the new chief executive of Bertelsmann, has categorically denied that the group is under pressure to sell high profile media divisions such as Channel 5 and Gruner & Jahr magazines. While accepting that the company would exceed self-imposed debt limits for the year, Thielen claimed that Bertelsmann would reduce its arrears through consolidation… Continue reading Bertelsmann To Consolidate, Not Sell, Says Chief