More Media Business articles

Building businesses on the internet is not necessarily the money-burning exercise that many have found it to be, if this morning’s financial results from Pearson are anything to go by. Having spent a huge sum on Net investment this year, the company not only turned in profit higher than expected but also reported that its… Continue reading Pearson Embraces The Internet Where Others Falter

According to a recent report by Datamonitor, there will be 66.2 million active online bank accounts in Europe by 2003, up from 26.1 million in 2000. Growth is expected to be greatest in Southern Europe and in France where currently uptake of online banking has been slower than elsewhere in Europe. Currently Sweden is leading… Continue reading Online Banking Takes Off In Europe

According to new research by IDC, the global corporate ‘elearning’ market will exceed $23 billion by 2004. This growth is attributed to better, cheaper and more prevalent internet access and to the improvement in the quality of elearning tools. North America is expected to retain its dominance of the market, accounting for two-thirds of worldwide… Continue reading eLearning: Not Just For Techies?

The resumption of like for like advertising growth in the TV market is unlikely before the fourth quarter of the year, Carlton Communications chairman Michael Green told the company’s AGM this morning. Green described the UK television advertising market as ‘currently subdued’ in comparison with last year, with ITV’s revenue in the first for months… Continue reading Carlton Says Subdued TV Ad Market Will Show Upturn In Q4

The Guardian has announced a number of initiatives to boost circulation of its Saturday edition. The Weekend magazine is to be given major investment and two extra supplements will be moved to Saturdays. Under the editorship of Katherine Viner Weekend will become a glossy from 21 April. With an average 60% increase in editorial pages,… Continue reading The Guardian Boosts Its Saturday Offering

Despite an initially positive reaction from the market following its financial results yesterday, stock in United Business Media (UBM) had begun to fall this morning, down by 22½p to 726p by 1:00pm. Strong profits in a fairly cautious statement pushed demand for UBM shares up in the first instance, but a mixed broker and press… Continue reading United Business Media Financial Results: Reaction

Scottish Media Group (SMG) reported record pre-tax profits in its preliminary full year results today. Its performance during 2000 was in line with analyst expectations, with an 18% increase in profit before tax, which reached £59m. SMG chairman, Don Cruickshank, described the year to 31 December as “a period of significant development for the group.”… Continue reading SMG Reports Record Pre-Tax Profits As SRH Stake Increases

United Business Media (UBM) has this morning turned in an 11.4% rise in headline profit to £342.4 million for 2000. The market reacted very positively to the results with shares up by 35½p at 765p by midday today. The 11.4% profit growth at UBM is taken before the cost of new media initiatives which ran… Continue reading UBM Shares Surge On Strong Profits

Tempus, the advertising and media communications group, yesterday announced record financial results and business wins for 2000 and said that it felt it had reorganised its operations to become the agency of the future (see Tempus Announces Record Results And Repositions As ‘The Agency Of The Future’). The Independent reckons that there are two things… Continue reading Tempus Group Financial Results – Reaction

Forrester forecast that worldwide Net commerce, both B2B and B2C, will hit $6,789.8 million in 2004 according to latest figures, this figure represents 8.6% of total revenue gained through sales. Whilst North America will continue to dominate during this period of growth, other markets such as Western Europe will start to catch up as a… Continue reading Worldwide e-commerce Forecasts From Forrester