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30.07.02 Channel 5 could be sold off as part of a restructuring programme at the German media group, Bertelsmann, according to a report in today’s Financial Times. Gunter Thielen, the new chairman and chief executive, is expected to conduct a thorough review of the conglomerate’s worldwide operations with a view to selling off unprofitable divisions.… Continue reading Bertelsmann May Sell Channel 5 Stake

The High Court yesterday reserved judgement in the action brought by the Football League against Carlton and Granada’s bankrupt pay-TV venture, ITV Digital (see Carlton And Granada To Defend Football League Attacks). The two media owners are hoping that the court will rule that no parent guarantees were in place when ITV Digital collapsed in… Continue reading Judgement Reserved On ITV Digital Debt

French advertising network, Havas, has posted revenues down 3.4% year on year for the first half of 2001. The fall adjusted for currency changes and acquisitions stood at 5.4%, according to ABN Amro. However, the figures were more or less in line with the broker’s expectations and new business wins in the first half were… Continue reading Havas Sees Continuing Ad Decline In 2002

Carlton Screen Advertising’s share of the advertising market is set to increase to over 63% of UK cinema admissions, having won the contract for National Amusement’s Showcase Cinema screens. Showcase Cinemas has 243 screens in 19 locations in the UK, representing 8.5% of all UK cinema admissions. These will swell the number of screens in… Continue reading Carlton Screen Advertising Increases Share Of Cinema Market

Pearson, owner of the Financial Times, this morning posted a slight profit for the six months ended 30 June 2002, with cost management at its business newspapers mitigating against the continued advertising downturn. Pre-tax profit for the period came in at £26.0 million, up from a loss of £28.0 million for the same period in… Continue reading ‘Prolonged And Deep’ Ad Recession At FT Group Hits Pearson

The US media conglomerate, Clear Channel Communications has announced net income of $238 million for the second quarter of 2002. This contrasts with the loss of $237 million recorded twelve months earlier although the apparent upturn is due largely to a change in accounting practices. Under the new system, Clear Channel would have posted income… Continue reading Radio Revival Boosts Clear Channel Profits

The US cinema box office will see sales of over $10 billion by 2006, with the popularity of cinema-going as a leisure activity continuing unabated, according to a new report from cinema analysts Dodona Research. The US’ box office ticket sales have grown at an average of 5% per year, says the report. This trend… Continue reading US Cinema Sales To Hit $10bn By 2006, Profitability To Increase

Shares in AOL Time Warner slumped today following news that the media group is to be investigated by the US securites and exchange commission. Last week, The Washington Post reported that AOL had boosted its revenue figures through unconventional deals between 2000 and 2002. It claimed that AOL had allowed a British entertainment company to… Continue reading AOL Time Warner Under Accounts Scrutiny

The High Court today began hearing the Football League’s claim against Carlton and Granada for the £178.5 million owed following the collapse of ITV Digital earlier this year (see Football League Kicks Off Action Against ITV Digital Owners). The League, which represents 72 clubs, insists that the television companies are legally obliged to honour the… Continue reading Carlton And Granada To Defend Football League Attacks

The terms of News Corp’s acquisition of Italian pay-TV group, Telepiù, are continuing to be negotiated with the business’ owner, Vivendi Universal, according to reports. News Corp was set to take control of Telepiù for E1.5 billion, although there are restrictions imposed by the Italian anti-trust authorities which will force News Corp to dispose of… Continue reading News Corp And Vivendi Renegotiate Telepiu Deal, Say Reports