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Global IT spending reached $975 billion in 2001 and is expected to increase to an estimated $1,116 billion by 2004 – a compound annual growth rate of 4.6%. These forecasts from Datamonitor have been reduced due to the impact of the global economic slowdown.

ITV Digital could face imminent closure if a lower offer for media rights is not accepted by the Football League today, according to reports in today’s national press. The troubled digital TV platform was meant to pay around £180m over for the rights to screen Nationwide League football games, but now, faced with financial pressure,… Continue reading Football League Rejection Could Close ITV Digital

KirchMedia and ProSiebenSat.1 Media AG have announced that they will terminate discussions on the merger, proposed in September 2001. In a joint release, the companies stated that “in light of the economic climate and the current situation of KirchGruppe the merger is not feasible in the foreseeable future”. The statement continued: “The two companies will… Continue reading KirchMedia And ProSiebenSat.1 Abandon Merger

Europe’s IT services market will not ‘revive’ until 2003 and a return to the boom years of the 1990s will never happen, according to a new report by Forrester Research. Moderate growth will take spending to Eur120 billion by 2006, up 35% when compared to 2000, says the report “Europe’s IT services market changed course… Continue reading European IT Services Market Will Not Revive Until 2003, Warns Forrester

Online sales in Europe will reach Eur97.8 billion (£60.4 billion) in 2002, a 47.7% increase on the Eur66.2 billion of 2001, according to data released this week by GartnerG2. Despite this sharp increase, online sales will still only account for 2.3% of all retail in Europe. By 2005, the European online retail market will grow… Continue reading European Online Sales To Almost Treble By 2005, Says GartnerG2

Publishing group Highbury House Communications, has this morning posted full year financial results slightly ahead of the expectations set out in December (see B2B Slump Catches Up With Highbury House), but the year was nevertheless declared ‘difficult’. Revenue rose 29% to £100 million and pre-tax profits were up 15% to £6.9 million. Advertising outlook Highbury… Continue reading Highbury House Sees B2B Publishing Revenues Flat For 2002

Capital Radio this morning released a trading update which forecasts that the advertising market will remain under pressure for the remainder of the year. Between October and December 2001, Capital revealed that like for like radio revenue was down 9% against the same quarter in the previous year. The company anticipates that revenue will have… Continue reading Capital Warns That Market Will Remain ‘Under Pressure’

ITV advertising revenues at Granada fell by 12% during the six months to March 2002, with March forecast to be down by 6% and April by 13%, according the company’s AGM statement released this morning. A return to growth, of 9%, is predicted for May, but Granada warns that whilst this is positive, it may… Continue reading ITV Revenues Down 12% In H1, Visibility Still Limited

Jupiter Media Metrix yesterday forecast that revenues from paid online content will grow to $5.8 billion by 2006, up from $1.4 billion in 2002. According to Jupiter revenues for general content will rise from $700 million in 2001 to $2.3 billion in 2006 whilst revenues from online games and digital music will total $1.8 billion… Continue reading Online Future Will Mirror Cable TV, Says Jupiter

Bertelsmann has announced today that it will not proceed with a voluntary public offer for the shares of RTL Group which it does not already own. Bertelsmann has been considering an E44 a-share public offering since its acquisition of RTL in December (see Pearson Agrees Sale Of RTL Stake). The group has also increased its… Continue reading Bertelsmann Abandons RTL Public Offering