The 5% fall in half year profits reported by Reed Elsevier yesterday (see Profits Fall 5% At Reed Elsevier) was not as bad as analysts had expected. As a result, shares in Reed jumped 39p to £5.66.Radio interests appeared to be good prospects during yesterday’s trading, as Scottish Radio rose 75p to end £15.02½ and… Continue reading Sharewatch
Bright Station reported good progress towards the transformation of its business in its interim results released this morning. Despite pre-tax losses of £3.2 million for the six month period to the end of June, the group, which was formed from the remaining e-commerce and web solution assets of Dialog earlier this year (see Dialog To… Continue reading Bright Station Reports Good Progress In Interim Results
It was a case of “they should have known better” this month when complaints were upheld by the Advertising Standards Authority (ASA) against an advertisement placed in industry organ Media Week by the National Advertisers’ Benevolent Society (NABS).The advertisement included a statement which ran along the lines of “God, I can’t wait till I kill… Continue reading ASA Shows No Benevolence To NABS In Violent Advert Complaint
The BBC has poured £189 million into BBC 1’s autumn schedule in an effort to prove that its plans for a themed future for its TV output (see BBC Plans Themed Future For TV Channels) will not see the flagship channel dominated by entertainment.Announcing that the new season will see an extra £10 million spent… Continue reading BBC To Spend £189 Million On Autumn Schedule
Reed Elsevier, the Anglo-Dutch publishing group, reported pre-tax profits down 5% at £351m in its interim results released this morning. Chief executive Crispin Davis was confident that the group’s performance was in line with targets set earlier this year, however.“In February, we laid out in some detail our strategic priorities to turn around Reed Elsevier’s… Continue reading Profits Fall 5% At Reed Elsevier
Telewest Communications, which has been through some turbulent times of late (see Sharewatch), managed a rise of ½p yesterday to end at £1.70½. Cable & Wireless, meanwhile, jumped 37p to £11.41 and BSkyB dropped 32p to £11.55.Among the radio stations, Jazz FM wavered slightly from its usual steady course to fall ½p to £1.34. More… Continue reading Sharewatch
The Guardian Media Group is expected to announce the sale of its television production interests later this week. Its 50% stake in GMG Endemol, which made Channel 4’s Big Brother, is to be sold to Spanish telecoms group, Telefonica, according to reports.GMG Endemol is a joint venture between GMG and Dutch group Endemol Entertainment and… Continue reading Guardian To Sell Television Interests
US internet advertising revenues almost broke the two billion dollar mark during the first quarter of 2000. The news from the Internet Advertising Bureau’s (IAB) Internet Ad Revenue Report that the figure for that period reach $1.953 billion comes less than a year after the $1 billion per quarter mark was reached.Revenues were reported to… Continue reading Quarterly Revenue From US Online Advertising Nears $2 Billion
The Competition Commission is holding a hearing as part of its inquiry into the proposed acquisition of newspaper group Regional Independent Media. Bids put forward by Gannett, Johnston Press and Guardian Media Group will be scrutinised and evidence from interested parties examined.The three groups submitted proposals to the Commission last month (see Competition Commission Invites… Continue reading Competition Commission Holds Hearing As Part Of RIM Inquiry
A report last week showed that Sunday newspapers have enjoyed a 10% increase in total advertising revenue over the past year, with broadsheet Sunday Business increasing from £1.5m to £2.5m, or 61%, and both the Sunday Times and the Sunday Telegraph registering a year on year increase of 16% (see Ad Revenues Up For Sunday… Continue reading Feature: Sunday Newspapers Continue To Prove Fertile Ground For High Income Advertisers
