More Media Business articles

WPP this morning made clear its intentions regarding Tempus Group, confirming that an offer of 555p-a-share had been made (see WPP Poised To Make Counter Bid For Tempus). This values Tempus at £440 million, an increase on the 541p-a-share offer made by Havas in July (see Tempus Shares Soar On Havas Takeover Reports) which put… Continue reading Tempus Confirms WPP Offer

Global advertising and communications group, WPP, has this morning posted interim financials in line with expectations, at the same time confirming a 555p per share offer for UK-based media and communications group Tempus (see Tempus Confirms WPP Offer). Pre-tax profit at WPP rose by 80% to £247.6 million, whilst revenues rose by 65% to £1.997… Continue reading WPP Posts Strong Interims

Recent months have seen increased consolidation with the media market as the increasing trend towards globalisation leads to one independent after another being snapped up by the ‘big boys’ of the industry. The name in the frame for the past month has been Tempus, which seemed likely to be bought by French advertising agency Havas… Continue reading The Media Agency Landscape, Consolidation And Globalisation

Following speculation yesterday that WPP is poised to make a counter-bid for media buying agency Tempus, less than a month after Havas made their offer (see Tempus Shares Soar On Havas Takeover Reports), analysts at ABN AMRO forecast that increased interest in buying into media buying may indicate a pattern for future media consolidation. Should… Continue reading WPP Bid Could Prompt Further Consolidation

Speculation is rife that Sir Martin Sorrell, chief executive of WPP, is poised to make a counter bid for the Tempus media buying agency just a month after reports that French group Havas Advertising was to take over the agency (see Tempus Shares Soar On Havas Takeover Reports). The Havas bid of 514p-a-share values Tempus… Continue reading WPP Poised To Make Counter Bid For Tempus

Recent press reports suggest that AOL Time Warner is to cut more jobs within its America Online division in Virginia. The Wall Street Journal reports that the media giant is struggling to meet financial targets in the current advertising climate. Last month the company reported lower than anticipated revenue growth and AOL Chief Executive Gerald… Continue reading AOL Prepares To Make Further Jobs Cuts

According to a new report, eBanking Technology In Europe 2001, by Datamonitor, 75 million Europeans will be making use of internet banking by 2005. By the end of 2000 there were just 23 million customers using ebanking via their PC and this will treble by 2005 according to Datamonitor. After a cautious beginning, Datamonitor’s research… Continue reading 75 Million Europeans Will Be eBanking By 2005, Says Datamonitor

Cordiant Communications, owners of Bates Worldwide, today released interim results revealing pre-tax profits of £22.1m. Although this was an increase of 27%, growth for the period fell below analysts’ forecasts and press reports this morning predict global job losses within the group. In a statement in June, Cordiant announced that the global ad downturn would… Continue reading Cordiant Prepares To Cut More Jobs As Profits Fall Flat

Anglo-Dutch publishing group, Reed Elsevier, has this morning posted interim pre-tax profits up 13% at £410 million, notably above the consensus expectations. Reed says that the first half results are encouraging and reflect strong performances in Science & Medical, Legal and Education, partly offset by the impact of the economic slowdown on Business to Business.… Continue reading Reed Elsevier Shares Rally As Results Beat Expectations

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