More Media Business articles

UK media giant Emap today released a trading statement which revealed that underlying profits for the group grew by 3% in H1 2001 largely due to increases in circulation revenue in the UK and France, but warned that advertising revenues are still falling. Underlying consumer advertising revenue was up by 5% in the UK and… Continue reading Emap Sees Circulation Revenues Rise In Tough Marketplace

UK media agency, Tempus, yesterday released interim financial results that were received variously as ‘a decent performance in tough conditions’ to a ‘playing down of the advertising slump’ (see Tempus Results Show Decent Performance In Tough Conditions, But Jobs Likely To Go). Shares finished up 6p at 448½p, propped a little by the anticipated takeover… Continue reading Tempus Results: Reaction

According to the second phase of the Yahoo!/AC Nielsen Internet Confidence Index, consumer confidence in ecommerce has risen by five points since the survey began in June 2001. The survey results also included a projected rise in online ad spending to $16 billion for Q4 2001. Much of this revenue will be generated by “light”… Continue reading Consumer Confidence In eCommerce Is Growing, Says AC Nielsen

UK media planning and buying and agency, Tempus, has this morning said that its business outperformed the advertising market in what chairman Chris Ingram described as “one of the most difficult years our industry has faced.” Tempus’ interim results come as global advertising and communications group, WPP, is hovering to seal a takeover of the… Continue reading Tempus Results Show Decent Performance In Tough Conditions, But Jobs Likely To Go

Capital Radio has acquired a 19% stake in Tainside, the company which owns and operates the two Choice FM radio stations in London. The group paid £3.3 million for the interest and has an option to acquire the remaining 81% of the issued share capital of Tainside. The transaction values the entire business at £16… Continue reading Capital Radio Takes Stake In Choice FM

AOL Time Warner has said that the effects of the slowing advertising industry and the attack on the US two weeks ago are going to cause the company to miss its financial targets. The announcement is a further major indication of the hard times on which media companies are currently falling. The media giant said… Continue reading AOL Time Warner Gives Financial Warning

Two rival venture capital firms, Apax Partners and Cinven, are thought to be in talks to form an alliance in order to acquire the professional publications of Vivendi Universal for around E2 billion (£1.3 billion), according to today’s Financial Times. Apax would effectively be joining a bid already laid on the table by Cinven at… Continue reading Apax May Join Cinven In Vivendi Professional Titles Acquisition

The deterioration of the US hi-tech advertising market is continuing according to analysts at ABN Amro who have today downgraded their forecasts for United Business Media’s hi-tech publishing group, CMP Media, accordingly. Revenues at CMP are now expected to fall by 23% in 2001, with profits down by a huge 72%. In 2002, revenues are… Continue reading ABN Downgrades CMP Media As Hi-Tech Advertising Continues To Fall

The Daily Mail & General Trust (DMGT) this morning said that advertising revenues at Associated Newspapers had, until the US attacks two weeks ago, been improving on the poor performance of the second quarter. In particular, the Daily Mail‘s important retail advertising has been robust, although the financial and IT sectors have remained weak, the… Continue reading Ad Revenues Stabilising At DMGT, But Hit By US Attacks

UK public relations and advertising group, Chime Communications, has bought Jaques Russell, a property marketing company, for an initial £350,000, to be paid in cash and shares. A further £350,000 may payable depending upon the gross profits generated by the business in the period of up to 15 months following completion of the deal.