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US publishing giant Hearst Corporation is backing a $1 billion (€1.17 billion) bid for the consumer magazine division of Dutch publisher VNU, according to the Wall Street Journal. The WSJ says that Hearst, publisher of Esquire and Cosmopolitan in the US, is backing a joint bid already on the table from Moscow’s Independent Media and… Continue reading Hearst Joins Bid For VNU Mags

Liberty Media is to buy six regional cable franchises in Germany from Deutsche Telekom, in a deal expected to be worth around €5.5 billion (£3.4 billion). Deutsche Telekom is disposing of six of its nine cable areas in order to finance the reduction of the group’s debt. The deal will give Liberty a strong foothold… Continue reading Insight Analysis: Deutsche Telekom Sells Cable Franchises To Liberty Media

Reports from Reuters suggest that US television network NBC is cutting its airtime prices in order to maintain its share of the advertising ‘pie’. The networks are currently in the midst of their ‘upfront’ advertising sales pitch (see US ‘Upfront’ Autumn TV Airtime Sales To Drop 14%, Says ABN), which often accounts for around three… Continue reading NBC Cuts Airtime Costs To Maintain Share

A definitive symbol of the economic downturn in the US is about to emerge as more than 1,000 companies are expected to issue negative earnings pre-announcements for the second quarter, according the Wall Street Journal. The first quarter record of 935 negative statements look set to be broken, according to the report, as companies realise… Continue reading Record Negative Earnings Announcements Expected In US

Future Network suffered the greatest loss among media stock in yesterday’s market, with shares dropping 7.69%, to close at 66p for the day, a loss of 5½p.Cordiant continued its poor run yesterday, dropping 5.44%, to finish at £2, down 11½p.Yesterday’s market was dominated by loss with only two media companies managing an increase in stock.… Continue reading Sharewatch

It may not have pleased the ITV companies, but the news that changes to the rules on cross-media ownership will not reach Parliament this year (see Communications Bill On Hold This Year) has been welcomed by the advertising agencies’ trade body, the Institute of Practitioners in Advertising (IPA).“If delay means that greater thought is to… Continue reading IPA Welcomes Delay To Ownership Relaxation

The Go Racing deal to create a digital horseracing channel (see Go Racing Gets Go Ahead For Racing Channel) appears to be on track again today after collapsing earlier in the week (see Go Racing Deal Could Be Halted By Pre-Race Data Problem).The Go Racing consortium said it had agreed “key commercial terms” with the… Continue reading Go Racing Negotiations Up And Running After False Start

Giant poster contractor, BlowUp Media, has constructed the UK’s tallest poster, a 50 metre high ad for Beck’s Bier, which has been erected at the Royal Exchange House in Leeds.BlowUp Media UK’s managing director, Mark Bracey, said: “After creating London’s largest giant poster on the A40 Westway (see BlowUP Installs Giant Poster Site On London’s… Continue reading UK’s Tallest Poster From BlowUp Media

RevenueYear on year analysis shows that total terrestrial TV revenue has fallen 16.1% during May. ITV was the worst hit, seeing revenue drop over £30m, or over 20% to £138.6m compared with the same period last year. Channel 4 was the least affected, falling 5.6%.Total satellite revenues increased again, rising by 5.5% compared to May… Continue reading TV Market Round-Up – May 2001

The chief executives of the five regulators who will form the foundations of OFCOM have appointed management consulting firm Towers Perrin to map the process for its establishment. Towers Perrin will report to a steering group on which the chief executives from the Broadcasting Standards Commission (BSC), the Independent Television Commission (ITC), OFTEL, the Radiocommunications… Continue reading Regulators Prepare For Creation of OFCOM