The decision by America’s central bank to cut interest rates by half a point and the subsequent hints from the Bank of England that it would follow next month boosted shares in both the US and the UK. The majority of media shares felt the benefits.ITV companies Carlton and Granada were among the highest climbers.… Continue reading Sharewatch
The much-vaunted union of old and new media, highlighted by the merger of AOL and Time Warner in January last year, appears to be paying off as the company has turned in financials ahead of Wall Street expectations, despite a downturn in the US economy and slowing ad revenue streams. AOL Time Warner yesterday said… Continue reading AOL Time Warner Looks Positive In Bleak Climate
Figures released by the Office for National Statistics show that cuts to mortgage rates helped to drive the headline rate of inflation down to a thirteen month low of 2.3% in March, compared to 2.7% in February. The underlying inflation rate remained unchanged at 1.9%. This means the underlying rate has now remained below the… Continue reading Mortgage Rate Cuts Bring Headline Inflation To Thirteen Month Low
Future Network’s Business 2.0 is close to being sold, according to a report in the New York Post yesterday. The internet business title is published in the US under licence from Future by Imagine Media and is currently a profitable business. The NYP reports that Time Inc has been confirmed as one of the suitors… Continue reading Business 2.0 Close To Sale, Says NYP
Regional newspaper publisher Newsquest has reported strong revenue growth, despite the challenges of a possible UK advertising slowdown and the impact of the foot and mouth epidemic. Parent company Gannett yesterday announced that advertising at Newsquest was benefiting from strong growth in classifieds. Recruitment has seen 25% growth and property classifieds reached double digit growth… Continue reading Newsquest Defies Difficult Environment To Produce Q1 Revenue Growth
The administrator handling ITV Digital has this morning announced that no new offer has been made to the Football League in lieu of the £89.25 million owed by ITV Digital to the League in August (see Football League Battle With ITV Digital Continues). In a statement, the administrator said “The shareholders are re-evaluating the business… Continue reading No New Offer From ITV Digital For League To Consider
Regional newspaper publisher Newsquest has reported strong growth, despite the challenges of a possible UK advertising slowdown and the impact of the foot and mouth epidemic.Parent company Gannett yesterday announced that advertising at Newsquest was benefiting from strong growth in classifieds. Recruitment has seen 25% growth and property classifieds reached double digit growth for the… Continue reading Newsquest Defies Difficult Environment To Produce Q1 Revenue Growth
RSPCA shock tactics to rouse public support for a total ban on hunting with dogs were called into question when several complaints were received about a national newspaper advertising campaign. The ASA received complaints about the advert that showed a photograph of a dead fox with the headline “If you think this is wrong, write”.The… Continue reading ASA Rules On Anti-Foxhunting Ad Campaign
IPC Connect is to pension off its 43-year-old title for older women, Womans Realm and replace it with a new model, Your Life. IPC is to merge the old title into its more successful sister publication Womans Weekly, with former editor Mary Frances heading up the new launch.ABC figures show that the older woman’s weekly… Continue reading IPC’s Woman’s Realm To Disappear In Favour Of Your Life
WPP continues to enjoy market favour at the moment, despite the advertising revenue slowdown. Yesterday shares in the company ended at £7.45, up 48p or nearly 7% on Thursday’s closing price, making it the best media performer of the day.Most media shares remained stable yesterday. The largest falls were seen at TMT companies Bright Station,… Continue reading Sharewatch
