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Dow Jones, publisher of the Wall Street Journal, today announced preliminary earnings for 2001 which revealed net income of $2.1 million, or three cents a share, compared with a net loss of $274.3 million, or $3.15 a share, for 2000. Net income for the fourth quarter was £1.5m, compared with a net loss of £192.9m… Continue reading Dow Jones Moves Into Profit But Ad Volume Drops

Media and communications group, WPP, has announced that its wholly-owned operating company, Ogilvy Public Relations Worldwide, has agreed to acquire 28.4% of PRAP Japan, one of the largest international public relations firms in Japan. The company is Based in Tokyo and with offices in Beijing and Shanghai; its clients include Axa Life Insurance, British Airways,… Continue reading WPP Takes Stake In Japanese Public Relations Firm

GWR this morning released a trading update in order to keep investors informed of the company’s progress in these ‘uncertain and volatile’ times for the UK radio advertising market. In September, the group announced that profits had fallen by over 70% in the six months to 30 September 2001 (see GWR Profits Drop 70% On… Continue reading Trading Updates Offer Little Hope To Radio Industry

Forrester Research has downgraded its European online retail spending forecasts in the light of European Commission cuts to consumption growth. Forrester now expects online retail to drive €147.5 billion in sales in 2006, compared to the previous forecast of €151.9 billion. However, the figure for 2002 has been revised upward slightly from €32.5 billion to… Continue reading Forrester Downgrades European Net Retail Forecasts

ITV companies Carlton Communications and Granada are reported to be planning to sue rival broadcaster BSkyB, over the satellite company’s alleged anti-competitive behaviour. According to an article in today’s Daily Telegraph, the ITV companies are hoping to sue Rupert Murdoch’s BSkyB for £400 million over the way that it sells its channel content to rival… Continue reading Carlton And Granada Plan To Sue BSkyB, Says Report

Reuters has this morning released Q1 trading figures which are broadly in line with expectations, showing a 6% decline in revenues to £912 million. The company said that it expects the first half to yield a 2-3% decline in subscription revenues and is more cautious than anticipated on H2 performance, with a decline of 5-6%… Continue reading Reuters Cautious On H2 Trading

The worldwide market for internet access devices – PCs, mobile telephones, set top boxes and so on – will grow at an annual rate of 41.6% between 2000 and 2005, according to a report from Cahners In-Stat/MDR released this month. The research firm reports that the PC and mobile phone devices currently account for just… Continue reading Internet Access Device Sales Remain Healthy, Says Cahners In-Stat

Jazz FM is launching a bid to acquire London News Radio (LNR), which owns the London-based stations LBC and News Direct, the group confirmed this afternoon following press speculation. In the statement Jazz FM confirmed that it has “an interest in acquiring LNR and has made an indicative initial offer.” The bid is believed to… Continue reading Jazz FM Makes Acquisition Approach To London News Radio

Scottish Radio Holdings’ (SRH) like-for-like advertising revenues for the first three months of the new financial year (October to December) were slightly down year on year, according to the company’s AGM, which took place this morning. The decline reflects the “continuing reduced level of advertising revenue which the media sector as a whole is witnessing,”… Continue reading Scottish Radio Revenues Dip As National Ads Remain Down

Cable company, NTL, and one of its largest shareholders, France Telecom, are in talks with AOL Time Warner, Liberty Media and Microsoft about further investment in the group, according to a report in today’s Financial Times. The paper says that NTL and France Telecom have also spoken to French media group Vivendi Universal, but that… Continue reading NTL In Talks For Further Investment, Says FT