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Granada has warned of dire consequences for ITV and ONdigital if the changes to media ownership rules are delayed for at least another two years, as is likely following the opening of Parliament last week. In a leaked correspondence published in this weekend’s Sunday Times, Granada chairman Charles Allen and CEO Steve Morrison told the… Continue reading Granada Warns Of ‘Potential Disaster’ For ITV

Regional newspaper publisher, Johnston Press, this morning said that trading for the first five months of the year has been better than expected, with like for like advertising revenues up 3% on the same period last year. In its pre-close period trading statement, Johnston said that despite the prevailing mood of economic uncertainty, it expects… Continue reading Johnston Press Sees Positive Second Half

According to the reports in the German press, US group Liberty Media is looking to boost its interests in the German cable market (see Insight Analysis: Deutsche Telekom Sells Cable Franchises To Liberty Media) by acquiring a stake in Tele-Columbus, the cable TV service owned by Deutsche Bank. The FT also suggests that Liberty is… Continue reading Liberty Media To Acquire Further German Cable Operators

Today’s trading statement from global advertising and communications group, WPP, has indicated a slowing of organic growth from within the company, according to analysts at ABN Amro. The broker points to a fall from 6% revenue growth in the first quarter, to ‘almost 4%’ for the first five months of this year. This indicates a… Continue reading Underlying Growth Slows At WPP

Dow Jones, publisher of The Wall Street Journal, has unveiled electronic tearsheets for advertisers, providing an alternative to the costly and time consuming process of physically sending newspaper copies to advertisers to confirm that ads have run. Dow Jones has developed the system in partnership with Engage Inc, a marketing software and interactive media company.… Continue reading WSJ Pioneers Electronic Tearsheets

A new survey by iLogos reveals that 88% of Global 500 companies currently incorporates online recruitment into typical hiring procedures via its corporate website. By 2002, iLogos Research expects that nearly 100% of the Global 500 will be utilising corporate Web sites for recruiting. Corporate Web Site  1998  1999  2000  2001  Corporate Web site Recruiting… Continue reading Most Large Firms Now Recruit Online

United Business Media (UBM) has announced that profits in its US-based high tech magazines division, CMP, will fall below expectations. In a statement today ahead of pre-closed period meetings with analysts, the company said that the expected slowing of market decline during May had not occurred and that despite “robust actions” results for the division… Continue reading Profits Warning at United Business Media

IDC forecasts that US PC sales will drop in 2001 for the first time ever after revising their growth forecasts for 2001 from 2.2% to -6.3% year on year. Worldwide forecasts have also declined from 10.3% to 5.8% for the same period. The currently poor economic climate is blamed for the cuts and IDC now… Continue reading IDC Predicts Decline In US PC Market

US publishing giant Hearst Corporation is backing a $1 billion (€1.17 billion) bid for the consumer magazine division of Dutch publisher VNU, according to the Wall Street Journal. The WSJ says that Hearst, publisher of Esquire and Cosmopolitan in the US, is backing a joint bid already on the table from Moscow’s Independent Media and… Continue reading Hearst Joins Bid For VNU Mags

Liberty Media is to buy six regional cable franchises in Germany from Deutsche Telekom, in a deal expected to be worth around €5.5 billion (£3.4 billion). Deutsche Telekom is disposing of six of its nine cable areas in order to finance the reduction of the group’s debt. The deal will give Liberty a strong foothold… Continue reading Insight Analysis: Deutsche Telekom Sells Cable Franchises To Liberty Media