More Media Business articles

The fate of ITV Digital looks set to be decided following a High Court meeting this morning at which the company’s administrator – Deloitte & Touche – confirmed that it is preparing the business for sale. Following weeks of negotiation with the Football League (see Football League Battle With ITV Digital Continues) – still ongoing… Continue reading ITV Digital Prepared For Sale As One Week Of Talks Remains

A series of ‘hidden liabilities’ scuppered rescue plans made by investors to save the Kirch media group from insolvency according to press reports. Investors including Rupert Murdoch and Silvio Berlusconi withdrew offers of funding following the emergence of hidden liabilities – most notably an E150+ arrangement with Leo Kirch’s son Thomas – within the group’s… Continue reading Kirch Investors Abandon Rescue Plans

ABN AMRO has cut its EBITDA forecast for BSKyB by £25m in reponse to slower advertising growth and lower wholesale revenues, increasing predicted pre-tax losses from £158m to £188m. Advertising forecasts have been cut £18m, or 6%, although a 14% growth is still expected, to £274m. Wholesale revenue forecasts have been cut by £8m to… Continue reading ABN AMRO Makes

Dow Jones, publisher of the Wall Street Journal newspaper, yesterday said that the advertising conditions remain weak, with print ad revenues declining by 20.9% during Q1 to $236.1 million. Print hit by ad decline The company reported Q1 operating income down 59% at $12.3 million and revenues down 14.6% at $392.9 million. Ad lineage at… Continue reading Dow Jones Figures Hit By Continued Poor Advertising, Outlook Pessimistic

Global market information group, Taylor Nelson Sofres (TNS), has acquired the business and assets of Elrick & Lavidge Marketing Research (E&L), a US customised research company. E&L specialises in the consumer, financial services, IT and telecoms industries, as well as being a leader in mystery shopping research, says TNS. E&L is currently owned by advertising… Continue reading Taylor Nelson Buys US Research Group From Aegis

US newspaper groups are about to start posting their Q1 2002 financial results, offering an indication of how the sector has started the year from an advertising point of view and what the outlook for the coming months is likely to be. A recent report in Editor and Publisher found that revenue levels for February… Continue reading Insight Analysis: An Upward Tilt In US Advertising?

The New York Times has settled a lawsuit with the National Basketball Association after agreeing to sell photographs of NBA games taken by NYT photographers and providing promotional benefits to the association. Additionally, the New York Times will display the NBA.com logo on NYTimes.com and in print and offer a direct link from its online… Continue reading New York Times Settles Lawsuit

French radio group NRJ may be winding up to its first move into the UK radio market, according to a report in today’s Financial Times. The paper says that NRJ’s founder and chairman, Jean-Paul Baudecroux, believes he could teach a thing or two to the UK’s radio operators. It speculates that Chrysalis Radio is the… Continue reading France’s NRJ Reported To Be Considering UK Radio Move

Anglo-Dutch publishing group Reed Elsevier this morning said that the slowing of the US economy is impacting its business to business operations, although it believes the effects are ‘manageable’. The group said that its science, medical, legal and educational businesses are are largely unaffected by conditions in the US. Chairman Morris Tabaksblat told the company’s… Continue reading Reed Elsevier Optimistic Despite Impact Of US Slow-Down

Global market information company, Taylor Nelson Sofres, has bought the remaining 70% of Taylor Nelson Sofres Mode Private, a leading market information company in India. The original 30% holding was purchased by the group in May 1997. Mode has 200 full time staff across 12 offices in India and also offers coverage in neighbouring countries.… Continue reading Taylor Nelson Sofres Takes Control Of Indian Division