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As expected, the French publishing company Hachette Filipacchi has completed the acquisition of Attic Futura from the Australian printing group PMP in a deal worth £40 million (see Attic Futura Set To Go Continental). Attic Futura publishes six titles including the market leading teen title Sugar and the fortnightly gossip magazine Inside Soap. The company… Continue reading Hachette Buys Attic Futura For

Dow Jones, publisher of the Wall Street Journal has posted a 13.9% fall in revenues, after being hit by what CEO Peter R. Kann describes as the most difficult global advertising environment of the last 30 years. Second quarter revenues came in at $417.0 million, down by 13.9% on the $484.1 million posted in the… Continue reading Dow Jones Continues To Feel Ad Sting

EMAP chairman, Adam Broadbent, today delivered a confident trading update to the company’s AGM, saying that trading expectations for the full year are achievable. In the group’s year-end results, released in May, EMAP stated that was cautiously optimistic for the full year performance of its businesses (see EMAP ‘Cautiously Optimistic’ On Future Trading). With the… Continue reading Consumer Mags Advertising Resilient, Radio Still Down At EMAP

French broadcaster TF1 has confirmed that is interested in acquiring Kirch Media, following speculation in yesterday’s Financial Times newspaper (see TF1 Offers Low-End Bid For Kirch Media). The group says that it has sent a preliminary and non-binding letter to UBS Warburg, Kirch’s bankers, expressing interest in the acquisition of some of the group’s assets.… Continue reading TF1 Confirms Preliminary Interest In Kirch Media

French broadcaster TF1 has tabled a bid for the insolvent Kirch Media of around E2.0 billion, according to reports in the Financial Times. Kirch Media has been teetering on the brink of full financial collapse (see KirchMedia Files For Bankruptcy Signalling The Demise Of The Kirch Empire) and has already seen the closure of Premiere… Continue reading TF1 Offers Low-End Bid For Kirch Media

Liberty Media has disclosed that it is to extend an offer to acquire bonds of the UK cable operator, Telewest after a group of bondholders filed a lawsuit claiming that the offer was illegal. Telewest, which is £5.3 billion in debt, announced last week that it was to begin refinancing negotiations (see Telewest Agrees To… Continue reading Liberty Extends Telewest Tender

The first round exit of the French team from the World Cup has hit advertising revenues at French broadcaster, TF1, which had set in place a pricing model based on the team’s expected progress through the competition. Analysts at ABN Amro are now expecting H1 ad revenues to be down by 1.9% at E818 million,… Continue reading TF1 Revenues Hit By France’s Early World Cup Exit

After much speculation over its future, Attic Futura is set to be bought by the French media group, Hachette Filipacchi for around £40 million. The UK publisher was put up for sale last year by its Australian owners, PMP. However, the German company, H Bauer soon pulled out of the bidding and a proposed £55… Continue reading Attic Futura Set To Go Continental

WPP’s Ogilvy Public Relations Worldwide division has acquired 70% of Era Public Relations Company, one of Taiwan’s leading technology-specialist public relations firms, the group announced this morning. Era provides communications services to blue-chip clients including Hewlett Packard, Dell Computer and Oracle and reported revenues of US$1.5 million for the year ended 31 December 2001 and… Continue reading WPP Acquisition Builds Asia-Pacific PR Network

There will be approximately 27 million ‘e-workers’ across Europe by the end of the decade, according to the UK Institute for Employment Studies (IES). Currently, more than 9 million people, or 6% of the entire European workforce, have a job which involves an element of IT. By 2010, this will have risen to a sixth… Continue reading Number Of Euro ‘E-workers’ To Treble By 2010