More Media Business articles

News Corp has reported post-tax profits down by 24.8% to $203 million, as the group’s Q2 financial results were released in New York yesterday evening. However, strong performances at the group’s film and cable businesses saw a pro forma revenue growth of 3%; cable network programming’s operating income rose by 36%, driven good subscriber growth.… Continue reading News Corp Profits Dip, UK Newspapers Show Weak Ad Levels

New research from Oftel reveals that 63% of small and medium sized businesses are now online, an increase from 55% in May 2001. Almost two thirds now also use a mobile phone. The research, carried out during November 2001, also revealed that 36% of all SMEs use more than one fixed telecoms supplier and a… Continue reading UK Small Business Internet Use Growing, Says Oftel

According to a new report UK Mediaphile 2010 published by Screen Digest, in conjunction with ABN Amro, British consumers could be spending a total of £84.26 billion annually on media by 2010. Unsurprisingly, the bulk of consumer spending is moving away from print media towards online and electronic media. In 1985, the total market for… Continue reading UK Media Could Be Worth

ITV Digital now has 1.26 million subscribers, having added a further 46,000 during the last quarter of 2001. However, the digital TV is continuing to look at ways to reduce costs internally, including through job reductions. Churn – the proportion of people leaving the service – was 24.9% for the three month period. ITV Digital… Continue reading ITV Digital Adds 46,000 Customers In Q4 2001

Shares in global news and information provider Reuters have fallen heavily this morning, as the group posted full year profits that were down by 34% and said that the trading environment remains difficult. Huge restructuring and business start-up costs – the Business Transformation Programme – pushed Reuters’ pre-tax profit for the year to 31 December… Continue reading Reuters Stock Falls As Profits Drop 34%

Scottish Radio Holdings (SRH) has agreed to buy the Longford Leader Group, which publishes the Longford Leader in the Republic of Ireland, for approximately E9.1 million (£5.6 million), the group has announced. The Longford Leader was established in 1897 and is a weekly paid-for newspaper serving the counties of Longford, Cavan, Leitrim, Westmeath and Roscommon.… Continue reading Scottish Radio Buys Irish Newspaper Group

According to a recent report by Gartner Dataquest the Australian PC market has finally rebounded following two quarters of consecutive double-digit negative growth. Year on year growth for the Q4 2001 was 5.9% and the quarter on quarter growth rate, compared to the previous year, also increased by 10.9%. Dataquest analyst, Andy Woo, remained cautious:… Continue reading Australian PC Market Shows Signs Of Recovery

French outdoor group JCDecaux this morning reported full year results for 2001 which revealed revenue growth of 8.9%, in line with expectations and ‘comfortably’ ahead of both the outdoor and overall advertising markets which JCDecaux believes fell by 3.5-5% worldwide last year. Growth in 2001 was largely due to the performance of the group’s street… Continue reading JCDecaux ‘Comfortably’ Ahead Of Outdoor Market

Vivendi Universal released full year results this morning which showed revenue growth for 2001 of 10% and predicted that growth for 2002 would also be 10%. Publishing revenues were up 5% which countered a 1% drop in music revenues for the year. Publishing was boosted by success in the games and education divisions where revenue… Continue reading Vivendi Bullish On 2002 Revenues As Results Fall In Line With Expectations

BSkyB put on 218,000 new digital satellite customers in the six months ended 31 December 2001, beating consensus expectations and taking the group’s customer base to 5.7 million. As well as a healthy growth in subscribers, the satellite broadcaster’s average revenue per user (ARPU) also rose, by 11% to £331. Overall revenues were up 22%… Continue reading BSkyB Growth Beats Expectations