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UK radio broadcaster UBC Media Group has this morning turned in a set of financial results ahead of the market’s expectations. Turnover rose by 46% to £6.2 million and gross profit reached £1.7 million, up 35% on last time. During the year UBC launched and co-founded Oneword, the only national commercial digital station dedicated to… Continue reading UBC Turns In Good Figures As Digital Ventures Develop

The ‘mega-deal’ era may be over according to PricewaterhouseCoopers’ mid-year M&A forecasts. The current lull in activity has been brought about by declines in stock market valuations and caution amongst corporate buyers brought about by economic uncertainty. Bob Filek, a partner in the Transaction Services group which compiled the report, said, “Those waiting for a… Continue reading Global M&A Market May Not Recover Until Q4 2002, Says PricewaterhouseCoopers

In a survey of senior representatives of more than 3,400 companies in 15 Western and Central European countries, PricewaterhouseCoopers have analysed the perceptions, incidences and impact of economic crime on business. The European Economic Crime Survey 2001 found that 42.5% of major European organisations have suffered serious economic crime over the last two years, costing… Continue reading Almost Half Of All Major European Organisations Suffer Serious Economic Crime, Says PWC

Despite the current gloom surrounding the technology markets, Strategy Analytics claim that growth in the emerging industries of broadband and wireless content will be worth up to $589 billion by 2005 thanks to an average annual compound growth rate of 26%. Worldwide Revenue Forecasts, Emerging Service And Device Markets ($ billion) 2000 2001 2002 2003… Continue reading Wireless And Broadband Revenues Will Reach $589 Billion By 2005, Says Strategy Analytics

New research from Strategy Analytics suggests that ‘mega-mergers’ within the global wireless services market will become scarce in the future as the industry puts value before volume due to the unfavourable economic outlook. Phil Kendall, director of Strategy Analytics’ Global Wireless Practice, commented: “Operators need to export successful strategies to sustain profit growth but there… Continue reading Future Of Global Wireless Industry Hinges On Value, Not Mergers

Europeans are set to have access to broadband internet connections following a deal between Italian telecoms company Tiscali and Gilat Satellite Networks. Tiscali says that the system, which uses satellite broadband delivery, will be a pan-European offering and will allow high speed internet access to areas that are not wired up for broadband telephone connections.… Continue reading Tiscali And Gilat To Offer Pan-European Broadband Internet Access

Speaking on BBC Breakfast this morning Viacom chairman and CEO, Sumner Redstone, commented on the current decline in the media economy, describing his company as an “advertising juggernaut”. He said that whilst the downturn in ad revenue was undeniable, his company had weathered the storm reasonably well and ‘continued to hit targets’. One of the… Continue reading Viacom CEO Says Ad Revenue Upturn Will Be Evident By Q4

According to a report from the Center For Media research, Jupiter analysts say in a new report that “media companies competing for the attention of consumers must consider that while the key barrier to online entry and success used to be infrastructure, it has shifted dramatically to advertising and marketing.” Mirroring reports on the Australian… Continue reading ISP Market Consolidates Further In US, Says Jupiter

Nielsen//NetRatings reports that online auction sites in the US grossed $556 million in May 2001, a year on year rise of 149%. In a survey of 35,000 net users, Nielsen found that more than 6.2 million people made purchases from online auction sites in May 2001 and such spending accounted for more than 10% of… Continue reading Online Auction Sites Boast Record Revenues

Europeans are set to have access to broadband internet connections following a deal between Italian telecoms company Tiscali and Gilat Satellite Networks. Tiscali says that the system, which uses satellite broadband delivery, will be a pan-European offering and will allow high speed internet access to areas that are not wired up for broadband telephone connections.… Continue reading Tiscali And Gilat To Bring Offer Pan-European Broadband Internet Access