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Despite the disheartening adspend totals released by CMR this month (see Forecasts), AOL Time Warner CEO, Jerry Levin, announced this week that advertising revenues at the company have started to stabilise. Speaking at the global ad execs knees-up in Cannes, Levin told Reuters that advertising revenue had stopped falling and that AOL was on track… Continue reading AOL Confident That Adspend Slowdown Has Arrested

Granada has warned of dire consequences for ITV and ONdigital if the changes to media ownership rules are delayed for at least another two years, as is likely following the opening of Parliament last week. In a leaked correspondence published in this weekend’s Sunday Times, Granada chairman Charles Allen and CEO Steve Morrison told the… Continue reading Granada Warns Of ‘Potential Disaster’ For ITV

Regional newspaper publisher, Johnston Press, this morning said that trading for the first five months of the year has been better than expected, with like for like advertising revenues up 3% on the same period last year. In its pre-close period trading statement, Johnston said that despite the prevailing mood of economic uncertainty, it expects… Continue reading Johnston Press Sees Positive Second Half

According to the reports in the German press, US group Liberty Media is looking to boost its interests in the German cable market (see Insight Analysis: Deutsche Telekom Sells Cable Franchises To Liberty Media) by acquiring a stake in Tele-Columbus, the cable TV service owned by Deutsche Bank. The FT also suggests that Liberty is… Continue reading Liberty Media To Acquire Further German Cable Operators

Today’s trading statement from global advertising and communications group, WPP, has indicated a slowing of organic growth from within the company, according to analysts at ABN Amro. The broker points to a fall from 6% revenue growth in the first quarter, to ‘almost 4%’ for the first five months of this year. This indicates a… Continue reading Underlying Growth Slows At WPP

Dow Jones, publisher of The Wall Street Journal, has unveiled electronic tearsheets for advertisers, providing an alternative to the costly and time consuming process of physically sending newspaper copies to advertisers to confirm that ads have run. Dow Jones has developed the system in partnership with Engage Inc, a marketing software and interactive media company.… Continue reading WSJ Pioneers Electronic Tearsheets

United Business Media (UBM) has announced that profits in its US-based high tech magazines division, CMP, will fall below expectations. In a statement today ahead of pre-closed period meetings with analysts, the company said that the expected slowing of market decline during May had not occurred and that despite “robust actions” results for the division… Continue reading Profits Warning at United Business Media

Eight media companies saw shares rise yesterday. The most significant increase was seen by WPP which was up 2.84%, to finish at £6.52, 18p better off than the previous day.At the other end of the scale, Telewest was the day’s worst media performer, with shares sliding 9.19%, to close at 84p, down 8˝p on the… Continue reading Sharewatch

DCMS Predicts 55% Digital Penetration By 2006 The UK is making “astonishing progress” towards the take up of digital television, according to Culture Secretary Tessa Jowell, despite the fact that fewer than one in three homes have digital TV.A digital television survey just published by the DCMS shows that 25% of households predict that they… Continue reading DCMS Predicts 55% Digital Penetration By
2006

Go Racing has jumped the latest hurdle in its quest to close a £387m deal to acquire the media rights to the UK’s horseracing for the next 10 years and create a digital horseracing channel.Lengthy negotiations with the British Horseracing Board (see Go Racing Deal Could Be Halted By Pre-Race Data Problem) were concluded last… Continue reading Go Racing Back In The Saddle