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European Union ministers are debating a plan to harmonise the telecommunications industry and officials say they are unwilling to hand over national decisions to the EU HQ. The commission will instead have two months in which to object to any plans it believes will be in violation of EU law. Ministers also rejected Commission’s recommendation… Continue reading EU Ministers Debate Telecoms Regulations

UK media monitoring company Thomson Intermedia has issued its first set of financial results since floatation on the Alternative Investment Market (AIM) on 5 May last year. The group, which monitors ad rates and media coverage for marketeers, unveiled a pre-tax loss of £2.9 million, in line with expectations. Turnover rose by 22% to £2.14… Continue reading Thomson Intermedia Unveils First Results Since Float

Zenith has once again downgraded its global advertising forecast, including its expectations for the US market, where it predicts the first decline since 1991 will occur. Zenith has cut its forecast for US advertising growth from the 4.6% it stated in December 2000 to 2.4%. With the rate of inflation expected to be 2.5%, this… Continue reading Zenith Downgrades Advertising Forecasts For Global Markets

According to a report in the Financial Times News Corporation and Vivendi Universal are in talks about merging their Italian pay-TV businesses, Stream and Telepiu. Talks are said to be at an early stage and similar discussions are understood to have fallen through in the past. The main obstacles to such a merger, says ABN… Continue reading News Corp And Vivendi May Merge Italian Pay-TV Businesses, Says FT

It is understood that Granada has acquired the rights to the ITV.com domain name, paving the way for a genuinely-united ITV internet presence. The previous owners of the domain, registered in 1994, were unrelated to the TV Network and are understood to have sold the address to Granada for £100,000. So far, each ITV franchise… Continue reading Insight Analysis: Acquisition Of ITV.com Could See Stronger Web Presence From The Network

Deborah Fine, vice-president and publisher of Condé Nast’s US Glamour magazine is to leave the post, despite having won an award for battling through a tough year and being promoted to VP. Rumours of her departure had surfaced in the New York Post prior to these accolades. Fine will be succeeded by Suzanne Grimes, currently… Continue reading Grimes Succeeds Fine As US Glamour Publisher

Reuters announced yesterday that it is pressing ahead with the proposed flotation of its financial information service Instinet. The move has provoked criticism from media analysts as the timing coincides with worldwide slumps in stock markets. The filing with the US Securities and Exchange Commission indicates the business is valued around $3bn, a figure which,… Continue reading Reuters’ Plan To Float Instinet Meets With Market Criticism

Global marketing communications group, Cordiant, has announced the acquisition of Gallagher & Kelly Public Relations, a leading business communications consultancy in Ireland. Based in Dublin, Gallagher & Kelly provides clients with a range of corporate communications services, including media relations, public affairs and corporate brand communications. The company advises and represents a range of domestic… Continue reading Cordiant Acquires Dublin PR Firm

German publishing group Axel Springer is reported to be in talks with Hamburg agencies about the launch campaign for a German edition of Maxim. Axel has acquired the publishing licence for the men’s monthly from UK owners Dennis Publishing. According to a report on AdAge.com, agencies invited to pitch for the lads’ mag launch campaign… Continue reading Axel Springer Invites Agency Pitch For German Maxim Launch

ABN Amro has said there is a risk of disappointment in European cable group UPC’s digital cable roll-out. The broker says that one of the key elements in driving growth in UPC’s average revenue per user (ARPU) is the development of its digital cable service. However, ABN thinks that the roll-out will have a negative… Continue reading UPC’s Digital Cable Roll-Out May Disappoint, Says ABN Amro