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Richard Eyre is thought to have left European broadcaster RTL, where he was director of strategy and content, due to frustration about his position caused by the Pearson/CLT-Ufa merger which created the company last year. Eyre left his job as chief executive of the ITV Network in November 1999 to head Pearson’s TV department and… Continue reading Eyre Understood To Have Quit RTL Post

Future Network was ‘pushed off course’ in 2000 in what was this morning described by chief executive Greg Ingham as a ‘bruising year’ for the company. Future has been expanding rapidly in recent years and now operates more than 100 magazines, 45 magazine websites and employs almost 2000 people in Europe and the US. In… Continue reading Future Network ‘Pushed Off Course In Bruising Year’

The Independent Television Commission (ITC) has announced the financial terms for the renewal of licences for the ITV Border, Central, Channel, Grampian, Granada, LWT and Scottish regions, if they choose to renew their analogue licences for the ten year period beginning 1 April this year. Below are the cash bids and percentages of qualifying revenue… Continue reading ITC Announces Financial Renewal Terms For Remaining Seven ITV Licences

Market research group Taylor Nelson Sofres (TNS) has this morning announced strong full year results for 2000, with pre-tax profits rising 16.5% to £37.8 million. Sales were up 26% at £479 million. In the UK sales growth was 5% – lower than other worldwide regions as work previously handled from the UK has moved into… Continue reading Taylor Nelson Sofres Releases Positive Year End Results

Advertising and communications network Interpublic Group has announced the acquisition of US ad agency True North Communications in a stock-for-stock pooling of interests transaction which values True North at $2.1 billion. Interpublic emerges as the successful suitor to True North following speculation that French media group Havas was back in the bidding for the agency… Continue reading Interpublic Acquires True North For $2.1bn

WPP has agreed to acquire 80% of AD Venture Worldwide, a top ten ranking advertising agency in Korea. The agency’s revenues were Korean Won 13,672 million for the year to 31 December 1999. Employing over 70 people, AD Venture provides full service advertising campaigns for some of the best-known brands and largest advertisers in Korea,… Continue reading WPP Acquires Korea’s AD Venture

Telewest has announced the signing of a £2.25bn debt restructuring package, which should see the separate debts of Telewest and Flextech, which merged last year, merged as part of the deal. The loans mature in 2007, by which time the group is expected to be profitable. Charles Burdick, Telewest’s group finance director commented: “We are… Continue reading Telewest Signs £2.25bn Refinancing Deal

Research from Pew Internet and American Life apportion some of the blame for the dot-com ‘meltdown’ in recent months on “overeager investors looking for quick profits and poor business plans by dot-com entrepreneurs” along with the youth and relative inexperience of many internet companies’ management. 67% of struggling dot-commers blamed the greed of the entrepeneurs… Continue reading Greed and Clueless Executives” To Blame For Dot-com Failures?

Yesterday’s financial results from Trinity Mirror (see Profits Up At Trinity Mirror As ic24 Buyer Is Sought) received a largely positive reaction from the national press and brokers today. Uncertainty around advertising growth is preventing very positive outlooks for the newspaper publisher, although ABN Amro notes that Trinity stock is trading at a 46% discount… Continue reading Trinity Mirror Financial Results – Reaction

Despite an economic downturn in the US, new research from Gartner said this week that global B2B ecommerce is set to reach $8.5 trillion by 2005. Gartner believe that the downturn in the economy may lead to further growth in certain areas of B2B commerce as companies seek to cut costs and take advantage of… Continue reading B2B Internet Commerce Market Forecasts From Gartner