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ABN Amro reports today that the latest UK data shows a drop in advertising spend for May of 10.1% year on year, mainly due to falls in TV, Radio and Newspaper advertising. The most worrying aspect of the May decline is that in in terms of year on year comparisons, May ought to have been… Continue reading Analysts Forecast Deepening Woes For Adspend As May Figures Are Released

Virgin Radio has confirmed that Chris Evans’ contract with the station has been terminated (see SMG To Part With Absentee Evans?). A spokesman for the station said that due to the events of the past week they had no choice but to take this action, as the breakfast presenter had breached his contract. The spokesman… Continue reading Virgin Radio Sacks Evans

Scottish Media Group (SMG) is expected to confirm this morning that it has ended its relationship with high profile breakfast DJ Chris Evans. The move will be the result of Evans’ failure to turn up to present his show during the past week. Yesterday he was sent a letter by the SMG board informing him… Continue reading SMG To Part With Absentee Evans?

Growth at newspaper publisher Trinity Mirror was mainly strong in the first half, although advertising levels tailed off during second quarter, according to a trading statement released this morning. The company said that “the 26 week period has been characterised by a relatively strong advertising performance in the first 13 weeks which has been offset… Continue reading Trinity Sees No Return To Earlier Ad Levels

The Industry Standard has published it’s latest research on the group of people we knew as nerds or geeks in school and it transpires that they are now much travelled, high spending, well rounded individuals whose lives are, by no means, ruled by their PCs. The report ‘How Geeks Pass Their Time’ identified 27 million… Continue reading Rich ‘Geeks’ Spend Big On More Than Just Hi-Tech Gadgets

PricewaterhouseCoopers has forecast huge net growth in India over the next five years according to a report by The Economic Times Online. Net users in India are expected to number 25 million by 2005, a huge increase from the 3 million online in 2000. India’s huge population is the reason why analysts see it as… Continue reading PWC Forecast Net Boom In India

The second annual Global Interactive eCommerce Report from Taylor Nelson Sofres, published this week, brings good news to e-tailers everywhere. Growth in online sales amongst global internet users has increased by 50% in the past year according to the survey which involved 42,742 people across 36 countries. In the UK, the proportion of net users… Continue reading 50% Increase In Online Shoppers This Year, Says Taylor Nelson Sofres

Economic recovery in the US telecommunications sector is now in sight, according to 249 global telecoms executives and consultants surveyed by the Strategis Group. An overwhelming 96% of respondents believe that the US economy will begin its recovery within the next 12 months. This recovery is expected to translate into business, as 84% believe that… Continue reading Telecoms Counter The Doomsayers With Positive Outlook For US Economy

There is increased pressure from Granada investors to close down its loss-making digital terrestrial television service, ONdigital, following a leaked letter from chairman Charles Allen to the prime minister, according to this morning’s Financial Times. ONdigital is 50:50 owned by Granada and Carlton Communications. A spat between the two ITV giants has developed after Granada… Continue reading Granada Faces Investor Pressure Over ONdigital, Reports FT

The planned merger between Sky Global and GM Hughes (see Murdoch Slims Sky Global To Seal DirecTV Deal) could see Rupert Murdoch’s News Corp become ‘the only truly global, vertically integrated media group’, according to analysts at ABN Amro. The broker says that this development is as significant for News Corp as its expansion from… Continue reading Sky Global/GM Hughes Merger Would Create Global Integrated Media Group, Says ABN Amro