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Turnover at international consumer magazine group, Future Network, rose by 18% in the four months to 31 October 2001, up from the 14% rise reported for the six months to 30 June 2002 (see Future Network Moves Into The Black In First Half). In a trading statement released this morning, Future said that earnings for… Continue reading Future Says Earnings Will Beat Market Consensus

WPP’s Ogilvy and Young & Rubicam advertising agencies have agreed to acquire a 35.2% stake in LG Ad, Korea’s second largest advertising agency. LG Ad employs over 500 people and its major clients include LG Electronics, LG Telecom and Korean Air. The business reported revenues of KRW57.3 billion for the year ended December 2001 and… Continue reading WPP Takes Stake In Korea’s LG Ad

Anglo-Dutch publishing group, Reed Elsevier, this morning said that it is on track to deliver double-digit earnings for the full year 2002 and expects to achieve the same in 2003. The positive trading statement comes despite very tough market conditions, particularly in the business to business publishing sector. Business publishing accounts for 27% of Reed’s… Continue reading Reed Elsevier On Target For Double-Digit Earnings

There are now more than 18 million residential broadband subscribers in North America, according to new figures from research firm Kinetic Strategies. It is estimated that 1.9 million new subscribers were added in the third quarter to take the total to 18.08 million. Of these, 15 million are based in the US where broadband internet… Continue reading North American Broadband Population Set To Top 20 Million

Downloadable games will replace ringtones as the most profitable mobile content and entertainment service in Western Europe, according to Analysys. In a new report, the telecoms consultancy suggests that mobile games have the best short term growth prospects with revenues expected to surge from E255 million in 2002 to more than E3 billion in 2005.… Continue reading Mobile Games Revenues To Increase Tenfold

BSkyB reckons that its satellite customer base could ultimately pass ten million, within a UK pay-TV market penetration of 80%, according to analysts at Merrill Lynch. The broker itself is now forecasting that there will be 8.1 million Sky satellite subscribers by 2010. This is an upgrade on the July forecast, which put Sky at… Continue reading BSkyB Bullish On Its Future, Says Merrill Lynch

Wednesday was another bleak day for the media sector. Bearish sentiment dominated the market as doom and gloom emanated from the banking sector, weighing heavily on TMT stocks.On the corporate newsfront, WPP was seen in focus after acquiring a controlling stake in South Korean ad group LG Ad. The stock was seen down 3.48%. Cable… Continue reading Sharewatch

Farah Ramzan, ex-deputy managing director of Abbott Mead Vickers BBDO, has been promoted to the role of managing director of the group, which is the UK’s largest agency.Ramzan will expand her existing role within the group and work alongside chief executive, Cilla Snowball, and the agency chairman, Michael Baulk, in an expanded management team.She has… Continue reading Ramzan Promoted To Managing Director Of AMV BBDO

The IPA has nominated Stephen Woodford, chief executive of WCRS, to succeed Bruce Haines, group chief executive of Leo Burnett, as President of the IPA next April.Woodford has had a long association with the IPA and is currently the joint chairman of the IPA diversity project. He is also the chairman of the Value of… Continue reading Woodford Set To Become New IPA President

Analysis of the latest TV revenue figures for October reveals a positive period for total UK terrestrial TV, which experienced a 13.1% year on year increase in revenue. Gains were experienced across the board, but Channel Five saw the most significant improvement, with revenue rising by 31.8% year on year despite the recent departure of… Continue reading TV Market Round-Up October 2002