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Cable company NTL has confirmed that it has appointed a number of banks and brokers to undertake a recapitalisation of the company in order to reduce debt. Credit Suisse First Boston, JPMorgan and Morgan Stanley will advise the broadband cable group on a recapitalisation structure and reduction of its $12 billion debt burden. CEO Barclay… Continue reading NTL Confirms Recapitalisation Moves

Global market information company, Taylor Nelson Sofres (TNS), has agreed to acquire the broadcast division of BMC News and will combine the division’s activities with those of TNS Tellex. The value of the acquisition was not disclosed. The merged entity will be one of the UK’s leading broadcast monitoring specialists and will build on the… Continue reading Taylor Nelson Acquires TV And Radio Monitoring Business

Liberty Media’s agreed deal E5.5 billion deal to acquire six cable franchises from German media group Deutsche Telekom (see Deutsche Telekom Sells German Cable Regions To Liberty Media) looks set to be blocked by the country’s regulators, according to a number of reports. It is understood that the Cartel Office in Germany is preparing to… Continue reading Liberty Media’s Deutsche Telekom Cable Deal Hits Regulatory Snags

The New York Times reported its Q4 financial results yesterday which showed advertising revenues have fallen by 21% year on year during the quarter. Profits declined by 46% and sales were down 17%, but the results were broadly in line with expectations, according ABN Amro analysts. In terms of current trading, the company says that… Continue reading New York Time Revenues Drop 21% In Q4

Pearson today announced that it has completed the sale of its 22% stake in European broadcaster, RTL Group, to Bertelsmann AG, as previously announced in December last year (see Pearson Agrees Sale Of RTL Stake). Following the deal, Marjorie Scardino, chief executive officer of Pearson, and John Makinson, finance director at Pearson, will resign as… Continue reading Pearson Completes Sale Of RTL Stake To Bertelsmann

Echoing the predictions of analysts at ABN Amro (see Global Media Recovery Will Not Bounce Back But Come Slowly, Says ABN Amro), Roger Bootle, economic advisor to Deloitte & Touche, has warned that expectations of a global economic recovery are likely to be largely disappointed. World economies In the broker’s latest Economic Review Bootle says… Continue reading Optimism For Economic Recovery In 2002 May Be Disappointed, But UK Is Looking Good

French television groups TF1 and M6 each released its 2001 financial results yesterday, with the outlook continuing to be weak, according ABN Amro analysts. TF1 saw advertising revenues fall by 4.7%, with Q4 down by over 10%. However, the figures were in line with the broker’s expectations. Ad revenues at M6, meanwhile, grew by 2.3%,… Continue reading French TV Groups’ Figures Show Ad Downturn Continuing In Q1

Shares in satellite broadcaster BSkyB fell sharply yesterday to close trading down 45½p, or 6.3%, at 673p. The heavy trading was prompted by reports that the company’s interim financial results, which are released next Friday, may show a declining rate of subscriber growth, along with a substantial write-off on Sky’s investment in Premiere, the pay-TV… Continue reading Sky Shares Plummet Despite Forecasts Of ‘Solid’ Interims Next Week

Last year was a record year for television viewing in France, although advertising revenues finished the year down, according to an annual survey conducted by Syndicat National De La Publicité Télévisée (SNPTV). The report shows that the average adult over 15 years in France watched 3h 29mins per day – 5 minutes more than last… Continue reading French TV Viewing Hits Record Year In 2001

This year will be a transitional one for the media economy, with continued consolidation of buyers and sellers, developments in technology and an uncertain economy all continuing to play out, according to Jack Myers. Myers says that the major issue facing media businesses in 2002 is the ongoing downturn in the advertising economy. Jack Myers… Continue reading A Transitional Year Ahead For Media, Says Jack Myers