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Fifty-six percent of US retailers reported that their online operations were profitable during 2001, up from 43% in 2000, according to the The State Of Retailing Online 5.0 report, released yesterday by Shop.org. The survey, conducted by the Boston Consulting Group and with market data from Forrester Research, predicts that further profitability and growth will… Continue reading US Online Retailers Move Into Profit

Advertising volumes at the Wall Street Journal declined by 24.4% in May 2002, parent company Dow Jones announced yesterday. This compares to a decline of 35.8% year on year in May 2001 and a rise of 42.7% in May 2000. The group indicated that June volumes are likely to be down in the mid-20% range… Continue reading Advertising Remains Weak As Wall Street Journal Misses Forecasts

US interactive and direct marketing revenues rose by 9% to $1.9 trillion during 2001, according to the latest data from the Direct Marketing Association (DMA). This rise comes despite a year ‘marred by economic uncertainty and public concern over anthrax in the mail’, notes the DMA. Forecast According to Association’s Economic Impact: US Direct &… Continue reading US Direct Marketing Grows Despite Anthrax Scares

Prospects for significant trading recovery in the second half of the year look good, Pearson chief executive Marjorie Scardino will tell a Merrill Lynch telecommunications, media and technology (TMT) conference today. Scardino says that whilst first half results will ‘reflect a significantly weaker advertising environment’ than the same period in 2001, earnings per share should… Continue reading No Signs Of Ad Recovery At FT Group, Says Pearson

Advertising revenues at Granada were up by 14% in May, the company told a Merrill Lynch conference this morning. The group also said that there is now limited forward visibility, something which has so far been unavailable according to most media groups. June will show revenue up 7%, with July rising 6%. The strong US… Continue reading Granada Sees Some Visibility, Revenue Up 14% In May

Telewest Communications faces a possible ‘funding gap’ if its operating performance fails to meet certain standards, admitted group chief executive Adam Singer at the company’s AGM today. The heavily indebted UK cable group has instigated a wide-ranging reorganisation, along with a substantial reduction in staff numbers in order to bring down costs (see Indebted Telewest… Continue reading Telewest Could Face ‘Funding Gap’, Says Singer

Global market research group, Taylor Nelson Sofres (TNS), has acquired the business and assets of Evaliant Media Resources, an international provider of online advertising data and analysis tools. Evaliant will be combined with the online ad-tracking division of TNS CMR, enhancing its position in this market, TNS said this morning. Evaliant’s turnover for the year… Continue reading Taylor Nelson Sofres Acquires Evaliant

As expected, it looks as though News Corp is all set to acquire Italian pay-TV group Telepiù, in a deal worth E1.5 billion, according to reports. The deal would see Rupert Murdoch’s media empire become the sole pay-TV operator in Italy, according to a report in the Financial Times. At the end of last month… Continue reading News Corp Set To Take Telepi

US media executives are eyeing takeover and merger opportunities in the UK, following the relaxation in ownership restrictions proposed by the Draft Communications Bill, according to report in this morning’s Financial Times. The paper notes that Bob Wright, chief executive of NBC, was in London last week on the lookout for possible deals for his… Continue reading US Media Execs Eye UK Opportunities, Says FT

Scottish Radio Holdings (SRH) says that radio revenues are expected to drop by 2% in the year to the end of September. This is offset by a 2% rise in press revenue, leaving overall group revenues flat for the year, excluding acquisitions and disposals. Including acquisitions, radio and press revenues combined are 12% ahead of… Continue reading SRH Radio Revenues Drop 2% In Full Year