More Media Business articles

Future Network’s Business 2.0 is close to being sold, according to a report in the New York Post yesterday. The internet business title is published in the US under licence from Future by Imagine Media and is currently a profitable business. The NYP reports that Time Inc has been confirmed as one of the suitors… Continue reading Business 2.0 Close To Sale, Says NYP

Regional newspaper publisher Newsquest has reported strong revenue growth, despite the challenges of a possible UK advertising slowdown and the impact of the foot and mouth epidemic. Parent company Gannett yesterday announced that advertising at Newsquest was benefiting from strong growth in classifieds. Recruitment has seen 25% growth and property classifieds reached double digit growth… Continue reading Newsquest Defies Difficult Environment To Produce Q1 Revenue Growth

Online advertising sales company, DoubleClick, yesterday posted a bleak outlook for the sector’s short-term future as it unveiled its first-quarter financial results. Whilst the results themselves were slightly above analysts’ expectations, the group’s outlook was more negative than had been anticipated. DoubleClick said that it generated global media revenue for the first quarter of $46.1… Continue reading DoubleClick Offers Bleak Outlook For Online Ad Market

Hollinger International, owner of the Daily Telegraph, is on the acquisition trail, according to a story in the Financial Times. The paper says that the Canadian company has a warchest of around C$1 billion and could be looking to spend it over the next twelve months. The FT cites Trinity Mirror and Regional Independent Media… Continue reading Hollinger Set For Acquisitions, Says FT

UK online advertising revenue was for the first time greater than revenue to cinema during 2000, according to a new survey from the Internet Advertising Bureau (IAB) and PricewaterhouseCoopers. The survey shows that internet advertising – in the UK at least – is continuing to grow at a faster rate than any other media previously.… Continue reading UK Online Revenue Overtakes Cinema In 2000

Wall Street Journal publisher Dow Jones has turned in financial results at the bottom end of its already reduced predictions, citing a slowdown in the advertising market for the poor performance. The US publishing group last month said that earnings of 16 to 20 cents a share were likely (see Dow Jones Is Latest Publisher… Continue reading US Publishers Cut Jobs As Ad Revenue Slows

Ulster Television has completed its IR£17.3 million acquisition of 60% of County Media, a radio broadcasting business based in Cork, Ireland (see Ulster Stock Rises On Positive Results). County currently operates three independent local radio stations in Cork – 96FM in Cork City, 103FM in North Cork and 103FM in West Cork. Since launching over… Continue reading Ulster Completes County Media Acquisition

(This page will refresh itself every 30 seconds) The Chancellor rose at 3.31pm. New child tax credit available for families with incomes up to £58,000. Growth target for 2002 of 2-2.5%; 3-3.5% for 2003 and 2-3.5% for 2004. Budget surplus this year is £3 billion. Public sector borrowing requirement (PSBR) is £11 billion. Research and… Continue reading Budget 2002 Coverage – The Chancellor’s Speech As It Unfolds

Independent News & Media this morning released preliminary full year results for 2002 which reveal a slump in the company’s profits in what it describes as a ‘difficult’ year. Pre-tax profits fell to £38 million, compared to £95 million in 2000, turnover also fell slightly on 2000 totals. The company said that despite the difficulties… Continue reading Independent Reports ‘Robust’ Performance As Profits Slump

The New York Times Company today announced that advertising revenues for the company’s Newspaper Group decreased 9.7% in March 2002 when compared with the same month last year. The decline in March was slightly greater than that recorded in February (8.9%) due to a switch of the Easter holiday from April last year into March… Continue reading NYT Ad Revenue Drops Further