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The decline in IT spending in Europe has bottomed and the beginnings of a gradual recovery are now appearing, according the latest data on technology expenditure in western Europe, compiled by IDC and released this month. IDC has increased its 2002 growth forecast for annual IT spending in western Europe from January’s 6.4% figure to… Continue reading European IT Spend Recovery Now Emerging, Says IDC

The Government has reiterated its intention to relax the cross-media ownership regulations in the forthcoming Communications Bill. Speaking at the culture, media and sport select committee yesterday, Culture Secretary, Tessa Jowell confirmed that the Government intended to raise the threshold that prevents any one ITV company from having more than 15% of the total audience… Continue reading Government Reiterates Cross-Media Relaxation Plans

Dutch publisher VNU has this morning released slightly better than expected full-year results for 2001 but warned that ad revenues in Europe would continue to fall in 2002. Operating income at VNU grew by 14% to reach £516 million, slightly ahead of analyst predictions, although within the magazine division this fell by 30% from £99… Continue reading VNU Results ‘On Track’ But No Outlook For 2002

Aegis, parent of Carat, has this morning released full year results for 2001 which reveal a decline in pre-tax profits of 19% from £78.4 million in 2000 to £63.3 million in 2001. New business wins at Carat totalled $1.7 billion and revenues at Aegis Research grew by 21.4% reaching £185.1 million. Doug Flynn, chief executive… Continue reading Aegis Results Beat Market But Outlook Remains Flat

Johnston Press has this morning announced that it is buying Regional Independent Media, publisher of 53 regional newspapers, in a £560 million deal. The announcement ends over a year of uncertainty surrounding the future of RIM. Trinity Mirror, Guardian Media Group and US publisher Gannett have all been named as possible buyers at various times… Continue reading Johnston Press Acquires RIM Newspaper Business

Jupiter Media Metrix reports that the majority of online shoppers in the US within the next five years are more likely to be over the age of 35 and from households with an annual income of between $30,000 and $75,000. A shift from the young, affluent shoppers who make up the current online buying population.… Continue reading Older Shoppers Will Boost Online Buying, Says Jupiter

Zenith Media has calculated Europe’s top media owners for the first time in three years, reports the International Federation of the Periodical Press, FIPP. A number of merger deal have shifted the positions in the table, which now looks like this: Zenith’s Top 20 European Media Owners        Revenue in 2000 ($m)   … Continue reading Vivendi Universal Takes Top European Media Owner Spot

A report in yesterday’s Sunday Business which suggested that SMG was soon to be broken up in order to satisfy creditors has been dismissed as ‘complete nonsense’ by SMG. The report claimed that SMG was in breach of the loan agreement made with its bankers and would soon be forced to ‘radically restructure’, separating its… Continue reading SMG Dismisses Break-Up Rumours

Business to business (B2B) e-commerce revenues worldwide will reach $2,367 billion by 2004, according to forecasts from eMarketer. The online research company has aggregated a number of forecasts for worldwide B2B revenues, which are shown here. Averaged, the industry is forecast to be valued at $3,608 billion by 2004 and $5,866 billion by 2005. B2B… Continue reading Worldwide B2B E-Commerce Revenue Forecasts Comparisons

The details of the merger between French advertising group, Publicis, and privately-owned US agency, BCom3, have been confirmed by Publicis in an analysts meeting in Paris this morning (see Publicis And BCom3 Poised For Merger). The deal is valued at €3.4 billion. Publicis is to acquire 100% of BCom3 and Japanese agency Dentsu, which owns… Continue reading Publicis Confirms BCom3 Merger Details