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Trading conditions in the third quarter of 2003 were difficult but there are signs of an upturn in market confidence in 2004, according to Chime Communications. The advertising and PR firm said today that many clients had reduced expenditure during the hot summer and there has been a delay in the anticipated recovery. The public… Continue reading Chime Sees Improved Year Ahead

UK private equity firm, Candover is understood to be preparing a bid for Hollinger International’s Telegraph Group. According to reports in today’s Times, Candover has expressed an interest in Hollinger’s London division which owns The Daily Telegraph and The Sunday Telegraph. It is believed that Chris Oakley, the former editor in chief of the Birmingham… Continue reading Candover Prepares To Mount Telegraph Bid

The Federal Communications Commission is set to approve News Corporation’s takeover of DirecTV with conditions to prevent it exploiting its market position. In April, Rupert Murdoch’s company agreed to pay General Motors $6.6 billion for a 34% stake in Hughes Electronics, which owns DirecTV (see Murdoch Seals Acquisition Of DirecTV). Concerns were raised that control… Continue reading Murdoch Awaits Go Ahead On DirecTV Deal

Reed Elsevier said today that it was on track to deliver on its target of double-digit earnings growth but the company is bracing itself for a slowdown in 2004. Profits at the Anglo-Dutch publisher rose by 3% in the first half of 2003 (see Reed On Target As Profits Rise In H1) and its market… Continue reading Reed Cautious On 2004 Prospects

Carlton was seen up yesterday as investors considered the likely cost-savings of its planned merger. The stock was seen up 1.94%.Elsewhere, investors considered reports that US media giant Viacom is planning to offload Blockbuster, its video rental chain, to a group of private equity buyers.Broader market sentiment was further boosted by further economic data which… Continue reading Sharewatch: Carlton Rises As Merger Moves On

Viacom Outdoor has snatched the GNER advertising sales contract from Maiden Outdoor, in a move that has dealt a blow to its rival’s core railway station business.The new seven-year deal, which begins in January, represents the first rail contract for the company, which has been looking to expanding into the sector for sometime.It includes the… Continue reading Viacom Outdoor Swipes GNER Contract From Maiden

Outdoor advertising continued to perform strongly in the three months to September with revenue increasing by 6.6% year on year to more than £195 million, according to the latest figures from the Outdoor Advertising Association.The data for the third quarter represents an increase of 9.5% for the first nine months of the year and shows… Continue reading Q3 Gain Makes Outdoor The UK’s Fastest Growing Medium

Emap has appointed James Mallinson as its first ever cross-media director with responsibility for developing the FHM brand across a range of platforms.The role has been created in response to the increasing demand for cross-media campaigns and for brand-focussed solutions for FHM. It will see Mallinson, previously FHM advertisement manager, work exclusively on all areas… Continue reading Emap Appoints First Ever FHM Cross-Media Director

Reed Elsevier said today that it was on track to deliver on its target of double-digit earnings growth but the company is bracing itself for a slowdown in 2004.Profits at the Anglo-Dutch publisher rose by 3% in the first half of 2003 and its market performance has remained encouraging. Sales growth in the Science &… Continue reading Reed Cautious On 2004 Prospects

More than 75 million person to person text messages were sent on the day of the Rugby World Cup final last month, as sports fans celebrated England’s historic victory over Australia, according to the latest figures.The Mobile Data Association claims that the importance of text messaging was reaffirmed by excitement of the match, which saw… Continue reading Rugby World Cup Final Prompts Text Message Frenzy