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Scottish Radio Holdings’ (SRH) greater exposure to local advertising revenues has enabled it to outperform the radio market, according to its annual financial results released this morning. Whilst SRH saw radio turnover remain more or less flat (£34.2 million this year against £34.8 million in 2000) and radio profits dipped from £13.0 million to £11.0… Continue reading Scottish Radio Outperforms Market, But Profits Dip

Pan-European broadcasting group, UPC, has posted a 62% increase in EBITDA, up from the E97 million loss of last time to a loss of E37 million for Q3 2001. This is a slightly better performance than ABN Amro forecasts which had expected an earnings loss of E39.6 million. The group says it is still on… Continue reading UPC Reduces Earnings Loss In Q3 Results

Emap today released interim results which, although in line with expectations, demonstrated the extent to which the group had been hit by the advertising slump and forecast no second half recovery. The group said “normalised” pre-tax profits, excluding figures from its US operation which was sold in July (see Petersen Sale Closes ‘Difficult And Unhappy… Continue reading Emap Results ‘In Line With Expectations’ But No Second Half Recovery Expected

Publicis, the French advertising group which owns Saatchi & Saatchi and co-owns the recently merged Zenith/Optimedia operations (see Optimedia And Zenith Merged By Parent Companies) yesterday released Q3 results which show better-than-expected billings for the year to date. Consolidated billings of Publicis Groupe SA rose by 56.5% in the first nine months to reach 11.3… Continue reading Publicis Results Reveal Growth Despite Market Conditions

Unconfirmed press reports at the weekend suggest that Bertelsmann TV subsidiary RTL held talks with Carlton in September at which time an informal offer was made by the German group. The FT reports that the offer was in the region of 275p-a-share although it is thought that the talks ended when the two sides were… Continue reading WSJ Reports Bertelsmann Interest In ITV Companies

Hollinger International, owner of the Daily Telegraph, has announced a net loss for Q3 2001 of $139.6 million or $1.37 per share, compared to a net loss of $3.9 million or a $0.06 per share in 2000. The increased loss is largely due to unusual items including an accounting loss on the Total Return Equity… Continue reading Hollinger Sees Losses Increase As Advertising Revenue Falls

Analysts at ABN AMRO are sticking by their forecast of a 20% drop in ad revenue at ITV in November despite popular opinion within the trade press that 15% is a more likely figure. ABN ‘remains cautious’ about ITV, but says that if the general trends within the market continue to look ‘cyclical’ there is… Continue reading ABN ‘Remains Cautious’ On ITV Ad Revenue Forecasts

The future of ITV Sport could be endangered unless its £315 million contract with the Nationwide football clubs is renegotiated, according to a report in today’s Financial Times. The paper claims ITV has concluded that the business cannot afford the cost of the contract under the current terms. Analysts at ABN Amro back this assessment,… Continue reading ITV Sport Closure Threatened By Cost Of Nationwide Contract, Says FT

First quarter financial results released by News Corp yesterday show a weakening performance at News International (NI), the company’s UK newspaper publishing division. Operating profits at NI fell by 24% year on year for the quarter and whilst circulation increases post-11 September will boost revenues temporarily, this effect is likely to drop off over the… Continue reading News International Operating Profit Hit By Classifieds Downturn

NTL has reported an increase in losses of 33% in its Q3 results, in line with targets for the year. Revenues were up 15% on Q2, reaching £132 million, whilst pre-tax losses grew to £713 million. The increase in losses is largely as a result of rising interest costs, NTL are struggling with a £70… Continue reading NTL Reports 33% Increase In Losses As Results Fall In Line With Forecasts