Yesterday was a day of mixed fortunes for the media sector as both Emap and Carlton announced gloomy results with signs of only a weak recovery in broadcast advertising.Emap, which posted a 6% rise in profits for the twelve months ending 31 March 2002 (see EMAP ‘Cautiously Optimistic’ On Future Trading), saw shares rise 1.74%… Continue reading Sharewatch
In an AGM statement, Maiden Group reiterated the forecast made in March that there would be a “gradual and measured recovery” in 2002.Maiden Group chairman Martin Boase said: “The performance of the Group is in line with our comments made at the time of the preliminary results at the end of March and in our… Continue reading Maiden Boss Forecasts ‘Gradual And Measured’ Recovery
UK magazine and website publishing group, Future Network, has cleared its debt burden, chairman Roger Parry told the company’s AGM this morning. The news follows a tough financial period for Future which was forced to close publications and reduce headcount in order to make cost savings.As of 30 April, the group had modest cash balances… Continue reading Future Network Shakes Off Debt
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The Radio Authority received 200 complaints about programming and advertising on UK commercial radio during the first quarter of 2002, according to its latest Programming And Advertising Review published today.Between January and April this year the authority received 67 complaints regarding programming and 133 concerning advertising and sponsorship. Eight programming complaints were upheld, compared with… Continue reading Radio Authority Receives 200 Complaints So Far In 2002
Channel 5 is taking further steps to distance itself from its downmarket image by commissioning a series of art programmes.Following on from the success of its Great Artists series, the network has commissioned 28 half-hour arts shows, with subjects ranging from Caravaggio to the Bloomsbury group.The line up includes an eight part series, Every Painting… Continue reading Channel 5 Gets Serious With New Art Programmes
United Business Media’s US high-tech publishing division, CMP Media, has published advertising data for April which show volumes down 20.7% compared to a market down 36.1%. This is the latest in a trend of decline for the US technology publishing advertising market which has seen volumes fall by 41.1% in the year to date; CMP’s… Continue reading CMP Outperform High-Tech Market, But Ad Volumes Down 21% In April
UK magazine and website publishing group, Future Network, has cleared its debt burden, chairman Roger Parry told the company’s AGM this morning. The news follows a tough financial period for Future which was forced to close publications and reduce headcount in order to make cost savings (see Games Mags Recovery Could Drag Future Out Of… Continue reading Future Network Shakes Off Debt
Rupert Murdoch may be interested in acquiring Vivendi Universal’s pay-TV business, Telepiù, according to a report in today’s Financial Times. The report comes just weeks after Telepiù abandoned its planned merger with Italian pay-TV platform Stream, which is 50% owned by Murdoch’s News Corp (see Vivendi’s Telepi). At the time Telepiù cited the restrictions placed… Continue reading Murdoch May Acquire Telepi
Like for like advertising revenues at Carlton Communications fell by 13% year on year for the six months ended 31 March 2002, the company’s results showed this morning. However, the ITV giant says that there are early signs of a recovery in the demand for advertising at present. Pre-tax profit before interest at the company… Continue reading Carlton Profits Hit By Ad Slowdown And ITV Digital Failure
