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 claimed… Continue reading GWR Profits Drop 70% On Poor Advertising Market
The ITC has announced the appointment of Steve Perkins as controller of advertising and programming standards and Martin Hart as controller of advertising and programming policy within its newly merged Advertising and Programmes Group.Perkins, previously head of the ITC’s factual programming department, takes up the new position with immediate effect and will lead a team… Continue reading ITC Announces Senior Appointments
Paragon Publishing has launched an unofficial title for Microsoft’s first contribution to the games console market- the Xbox. The move will once again put the publisher up against it main rival in the gaming magazine market, Future, which holds the licence to publish the official magazine for the system, and is also planning its own… Continue reading Paragon Aims For New Console Market
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
