More Media Business articles

A number of recent press reports suggest that the deadline for bids on the troubled EMAP USA business may be this week. So far, Hachette Filipacchi, Primedia and American Media have all been put in the frame as potential suitors of the business. EMAP confirmed that it has received a number of approaches for the… Continue reading EMAP USA Bids Expected Soon

News and information group Reuters has this morning posted a strong set of financial results that show first quarter revenues rising 17% to £970 million. However, chief executive Peter Job warned that growth in the second quarter would be at a “slightly lower rate”. The group says that good performances at its Reuters Financial and… Continue reading Reuters Stock Falls On Slower Q2 Warning

Media group Vivendi Universal yesterday issued first quarter operating results in line with market expectations, which show that the group is ahead of schedule to meet cost savings of €200 million by the year end. Revenues grew by 10% to €5.9 million and EBITDA more than doubled to €900 million, pushed by a €293 million… Continue reading Vivendi ‘Defensive’ Against Ad Slowdown

The Federal Communications Commission in the US has amended its merger rules so that one of the four major television networks can now acquire the smaller, ’emerging’ networks, UPN and WB. The four majors – ABC, CBS, Fox and NBC – could each now take control of one or both of the emerging networks. The… Continue reading FCC Allows Major US TV Networks To Buy ‘Emerging’ Networks

RTL Group and Vivendi Universal have reached an agreement to acquire the sports marketing group ISMM, which would give them the broadcasting rights for the next two World Cup competitions, according to a report in Financial Times Deutschland. ISMM owns the broadcasting rights to non-European sporting events and is close to bankruptcy. FIFA’s Emergency Committee… Continue reading Vivendi And RTL Acquire World Cup Rights Through ISMM Deal, Says FT

UBC Media Group and RadioScape have agreed to work together exclusively to develop an electronic programme guide (EPG) service for digital radio, the companies announced this morning. The alliance will offer EPG services to existing multiplex owners, before then expanding the service to European multiplex groups as they go to air. An active trial of… Continue reading UBC Media And RadioScape To Develop Digital Radio Programme Guides

Advertising revenues at ITV are expected to show even sharper year on year declines in the second quarter than the first, according to estimates from media buyers compiled by ABN Amro. The broker says that a 15% fall in Q2 is now on the cards – a deterioration on the 8% drop that was experienced… Continue reading ITV Ad Revenue Shows Further Decline In Q2

ONdigital is expected to announce a growth of 70,000 customers when it unveils its Q1 2001 subscriber figures next week. This is down on the 121,000 new customers it signed up in the first quarter last year. The slowing growth is mainly the result of churn – the number of customers leaving the ONdigital service.… Continue reading ONdigital Subs Growth Hampered By High Churn

The much-vaunted union of old and new media, highlighted by the merger of AOL and Time Warner in January last year, appears to be paying off as the company has turned in financials ahead of Wall Street expectations, despite a downturn in the US economy and slowing ad revenue streams. AOL Time Warner yesterday said… Continue reading AOL Time Warner Looks Positive In Bleak Climate

Figures released by the Office for National Statistics show that cuts to mortgage rates helped to drive the headline rate of inflation down to a thirteen month low of 2.3% in March, compared to 2.7% in February. The underlying inflation rate remained unchanged at 1.9%. This means the underlying rate has now remained below the… Continue reading Mortgage Rate Cuts Bring Headline Inflation To Thirteen Month Low