The board of Granada has blocked the appointment of Michael Green as chairman of the newly merged ITV following overwhelming pressure from institutional shareholders for the Carlton boss to resign by noon today (see Carlton Defies Shareholders Over Calls To Oust Green).Granada held an emergency board meeting last night and decided that an independent non-executive… Continue reading Green Looks Set To Go As Granada Withholds Support
There is no denying it has been a difficult two years for the UK advertising industry but media executives should be encouraged by new forecasts which show that expenditure could rise by as much as 42% over the next decade.Also On MediaTel Insight Today…IPA Sees Reduced Pessimism Despite Continued CutsCautious optimism in the media and… Continue reading MediaTelINSIGHT: Long Term Outlook For UK Ad Market
There is no denying it has been a difficult two years for the UK advertising industry but media executives should be encouraged by new forecasts which show that expenditure could rise by as much as 42% over the next decade. The Long Term Advertising Expenditure Forecast from the Advertising Association acknowledges that following a prolonged… Continue reading Promising Long Term Outlook For UK Ad Market
Cautious optimism in the media and advertising markets has become ‘reduced pessimism’ in the latest Bellwether report from the IPA. The Q3 2003 survey shows that on the whole marketing budgets are still being cut, but by fewer companies than in the previous report* (see INSIGHTanalysis: IPA Report Shows Few Signs Of Marketing Improvement). As… Continue reading INSIGHTanalysis: IPA Sees Reduced Pessimism Despite Continued Cuts
The future of radio as a medium is under threat unless it goes digital, according to the BBC’s director of radio and music, Jenny Abramsky. Speaking at a National Association of Broadcasters conference yesterday, Abramsky warned against the dangers of taking radio for granted in a future were the next generation of listeners face more… Continue reading Abramsky Claims Future Of Radio Is Under Threat
Europeans will use the internet to originate half a million mortgage loans in 2003, equivalent to five per cent of total new mortgages, according to a brief by Forrester Research. The number of gross new internet-originated mortgages is set to grow from 495,000 this year to 1.6 million in 2008, equivalent to $230 billion. Remortgagers,… Continue reading Europeans Turning To The Web For Mortgages
Film studios are inclined to regard the web with suspicion on the basis that illegal file sharing threatens to erode revenues across the industry. However, a new report from Informa Media Group claims that piracy will only have a limited impact on sales and Hollywood will ultimately gain from internet services. Unlicensed downloading is widely… Continue reading Web An Opportunity For Movie Business, Says Report
In mature European mobile markets, price is the main reason for switching providers and operators need to refine their marketing plans to reflect the changing wireless environment. A new Yankee Group report has found that 85% of European mobile users consider cheaper pricing to be the main lure when changing to a new provider. The… Continue reading Price Is The Priority For Mobile Consumers
Analysis reveals a solid performance for the media sector last week as UK shares surged to a 13 month high, ahead of key earnings reports. Capital Radio benefited from the positive sentiment and rose by 2.65% week on week.Meanwhile, ITV partners Carlton and Granada were seen in focus, following calls from institutional shareholders for Michael… Continue reading Sharewatch: Capital Rises On Positive Sentiment
Conrad Black’s Hollinger Inc is close to securing a $15 million cash injection from private equity group Bain Capital, according to weekend reports.The Observer claims that the companies are in exclusive negotiations that should see Bain acquiring a holding in the next month.As yet, neither party has commented on the supposed deal but Hollinger, which… Continue reading Hollinger To Get Help With Debt Relief
