More Newsline articles

Pre-tax profits at GWR Group fell by 70.2% during the six months to 30 September 2001 to £2.8 million, the company announced this morning. The decline is clearly a result of the deteriorating advertising market that has hit virtually all media companies over recent months. GWR said that advertising revenues were down by 5.9%, but… Continue reading GWR Profits Drop 70% On Poor Advertising Market

Publishing group, Highbury House Communications, has acquired Millennium Magazines for an initial sum of £1.47 million. Millennium publishes Satellite TV Europe, which had generated revenues of £1.4 million and a pre-tax profit of £274,000 in the 11 months ended 31 October 2001. The current monthly circulation is 75,000 copies. Highbury House may make further payments… Continue reading Highbury House Acquires Millennium Magazines

ITV is now close to sealing a deal with BSkyB that will see the Network’s channels broadcast via the digital satellite platform, according to a report in today’s Financial Times. The paper reports that the year-long wrangle between the two broadcasters (see Sky Will Not Sell ITV Sport Channel To Subscribers) may be settled in… Continue reading ITV Close To Securing Sky Digital Carriage, Says FT

The FT reports this morning that the government may soon act to abolish the media ownership laws brought into place in order to prevent Rupert Murdoch from expanding his media empire to include terrestrial TV in the UK. Murdoch, who controls more than 30% of the UK newspaper market with his News International titles, was… Continue reading Government May Relax ‘Murdoch’ Ownership Regulations

WPP has announced the acquisition of US strategic research and polling consultancy Penn, Schoen and Berland Associates, known for its work on Bill Clinton’s successful 1996 re-election campaign. The company had revenues of $31.4 million in 2000 and net assets of $4.3 million as at 31 December 2000. Commenting on the acquisition, Howard Paster, CEO… Continue reading WPP Back On The Acquisition Trail

US newspaper group Gannett, owners of Newsquest in the UK, have revealed that revenues for the period to 4th November 2001 fell by 9% when compared to the same period last year and said that “results for the period reflect a continued difficult and uncertain domestic advertising environment, further exacerbated by the tragic events of… Continue reading Gannett Sees September Revenues Fall By 9%

eMarketer reports that online consumer spending in the US will rise by more than 20% to reach $10.7 billion in Q4 2001. eMarketer’s Online Holiday Shopping 2001 report, drawn from a variety of sources and forecast in line with retail projections against the quarterly assessments from the US Department of Commerce, also predicts that 14.1… Continue reading US Online Shopping Boom Forecast For Q4

According to the latest Pew Internet report, 17% of US internet users have been asked to pay for something that used to be free online and 12% of Internet users, more than 13 million people, say a favourite site has gone out of business as a result of the advertising slowdown and subsequent effects on… Continue reading Internet Users Unwilling To Pay For Content, Says Pew

Telewest, which recently rebranded to Telewest Broadband and announced plans to develop an interactive TV service with NTL (see NTL And Telewest To Launch iTV Service), was the best performer in last week’s media market. Stock jumped 47.06% in week on week analysis to finish at 75p, up 24p on the week before.Future Network, which… Continue reading Sharewatch

Blow Up Media has launched the first ever giant sites package in response to growing demand from advertisers wishing to take advantage of the niche medium.The ‘Big City’ campaign covers London’s financial district with four illuminated sites all over 150 metres square. The sites at the Commercial Road, Whitechapel, Great Eastern Street and Farringdon Road… Continue reading BlowUp Launches First Giant Sites Package