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Vivendi Universal’s third quarter results show revenues down by 2% at E14.6 million, whilst consolidated operating income was up 7% at E1.2 million. The results are slightly below expectations, although the outlook was not negative, with a number of disposals helping to ease the group’s debt. Vivendi is currently in a battle with Vodafone to… Continue reading Vivendi Revenues Dip 2%, Disposals Ease Debt

Carlton Communications has reported continuing pre-tax profits up by 76% to £53.3 million, although losses after tax and including discontinued operations stood at £156 million, down 60% year on year. The majority of losses came from the closure of the ITV Digital business, jointly owned with Granada. The company also indicated that advertising conditions are… Continue reading Carlton Sees Improving Ad Trading As Loss Hits £156m

A strong out-performance of the market has led Chrysalis Radio to move back in to profit in the year to 31 August 2002. Results released this morning show that the group achieved a pre-tax profit of £5.8 million, up from a pre-tax loss of £16.8 million last year and well ahead of internal budgets. Chairman… Continue reading Chrysalis Surges To Profit Following Strong Market Out-Performance

Radio content and station operator, UBC Media, has this morning said that the advertising outlook for the remainder of the year remains depressed, with little sign of any improvement in sentiment. This bleak prognosis comes as UBC announces its half-year results. Turnover rose by 21.3% to £5.0 million, whilst gross profits were up by 26.6%… Continue reading UBC Paints Bleak Outlook For Radio Trading

Carlton Communications and Granada may report a combined loss of £300 million in their full-year results, due to be released later this week. According to the press speculation, Carlton will show heavier losses than Granada. Both groups have been hit by write-downs following the collapse of the joint ITV Digital venture. Further strain has come… Continue reading ITV Giants Set To Unveil £300m Exceptional Losses

US advertising will grow by 4% in 2003, Merrill Lynch analysts have concluded following a survey of large national advertisers. In the survey, the broker received responses from 17 advertisers of the largest national advertisers, 70% of which said that they do not plan to reduce ad budgets for 2003; 18% expected budgets to remain… Continue reading More Confidence Seen In US Advertisers By Merrill Lynch

Online retail sales in the US increased by 7.8% to $11.06 billion in Q3, according to new data from the Department of Commerce’s Census Bureau. The total, which excludes travel purchases, has been surpassed just once, in the final quarter of 2001, and sales were up 34.3% year-on-year. E-commerce transactions in the three months to… Continue reading US E-Commerce Sales Top $11 Billion In Third Quarter

ITV’s troubles will continue into 2003 and the channel faces a battle to convince advertisers to part with their cash, according to a report in the Independent On Sunday. Carlton and Granada are currently negotiating with media-buying agencies to determine how much advertising spend they will receive next year. The two companies have witnessed revenues… Continue reading Tough Times Ahead For ITV Companies

Week on week analysis reveals a strong performance for the media sector, which was cheered by a sustained bullish market in the US and positive corporate news flow.Investors also mulled the potential implications of the Communications Bill, which was announced last week (see Government Finally Publishes Communications Bill), and was seen causing a flurry of… Continue reading Sharewatch

Classic FM has announced plans to launch a 24-hour television channel that will attempt to bring Vanessa Mae, the Opera Babes and Yo-Yo Ma to the MTV generation.The digital TV channel, which is the first to be devoted entirely to classical music, is expected to launch at the end of next month. It will feature… Continue reading Classic FM Launches Round The Clock Music Channel