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At the end of last week Zenith Media made further downgrades to its global advertising forecasts, cutting 2001 growth from -1.5% to -2.6% (see Forecasts). UK estimates were reduced from -0.5% to -0.3%. News of a change in Zenith’s advertising forecasts tends to send ripples throughout the industry and today stock in media companies Granada… Continue reading New Zenith Figures Could Indicate Full Consumer Recession, Says ABN

The UK’s manufacturing industry is firmly stuck in recession, according to the August Purchasing Managers’ Index (PMI) published by the Chartered Institute of Purchasing and Supply (CIPS) this morning. The PMI dropped from 47.0 in July to 46.4 in August and the rate of decline for a number of key indicators increased during the month.… Continue reading Industry Surveys Show Deepening Gloom For UK Economy

The digital services industry has added its voice to calls for the Government to strengthen the push towards digital take up, warning that Britain will fall behind the rest of Europe unless action is taken. Malcolm Miller, CEO of Pace Technology, which makes set top boxes for the digital TV industry, said: “More action is… Continue reading Set-Top Box Manufacturer Joins Calls For Government To Push Digital

Embattled magazine and internet group, Future Network, is in talks with potential financial investors, according to reports from Reuters today. The news agency says that Electra Partners and Duke Street Capital are separately considering bids of between £80 million and £100 million. Future has declined to comment and it is thought that the talks are… Continue reading Future In Investment Talks, Reports Reuters

The advertising industry looks set for its worst year since the recession of the early 1990s, as Zenith Media has downgraded its global forecasts yet again. According to a report on FT.com, the agency is now predicting a global adspend decline of 2.6%. A couple of months ago it estimated a 1.5% fall. The US… Continue reading Zenith Cuts Ad Forecasts Again

With cautious optimism, regional newspaper publishers Johnston Press today announced a 14.3% rise in H1 profits but warned that growth in H2 was likely to be more modest. Following the company’s optimistic trading statement in June (see Johnston Press Sees Positive Second Half), Johnston announced a like-for-like advertising increase of 3.2% buoyed by a 13%… Continue reading Johnston Press Announces 3.2% Growth In Ad Revenue For H1

Plans by pan-European cable company UPC to merge its German business with Primacom – the country’s third largest cable operator – were looking shaky yesterday when a Primacom shareholders’ vote to pass the deal was postponed. The merger of the two groups would create Germany’s second largest cable company. Regulatory clearance for the merger was… Continue reading UPC’s German Cable Merger In Doubt

Two thirds of all small businesses in the US now have access to the internet and half of these have their own website, according to research from Dun & Bradstreet published this month. The research shows that the majority of these businesses still have a dial-up connection to the web, but as 60% plan to… Continue reading Two Thirds Of US Small Businesses Have Web Access

WPP’s The Media Edge (TME) and Tempus’ CIA have ended their partnership in Germany, according to a report in AdAge yesterday. The news comes as WPP is poised to takeover Tempus for £440 million. TME and CIA’s German subsidiary, Mediahaus Stroebel, have been in alliance for around seven years. The partnership is set to officially… Continue reading Media Edge And CIA End German Partnership

European free-to-air broadcaster RTL is reported to have delayed its UK stock listing for the second time. Whilst RTL stock does trade on the London Stock Exchange, it current has a float of less than 15%, the minimum required for entry to the FTSE100. Earlier in the year RTL delayed the 15% freefloat from April… Continue reading RTL Delays Full UK Stock Exchange Listing