The change in calculations of the FTSE indices, announced last night, will be good news for some media companies but bad news for others. BSkyB, Daily Mail & General Trust and Telewest Communications will all lose out in the new weighting rules which state that companies must have more than 75% of shares available to… Continue reading Sharewatch
Global advertising network, Young & Rubicam (Y&R), has acquired UK creative agency Rainey Kelly Campbell Roalfe (RKCR) in a deal believed to be worth around £25 million. The merger will put the Rainey Kelly management team in control of the Y&R London division.The new agency, called Rainey Kelly Campbell Roalfe/Y&R, will move into the UK’s… Continue reading Young & Rubicam Acquires Rainey Kelly
Advertising and marketing group, WPP, has today announced the acquisition of French new media agency Mediaquest Sarl for an undisclosed sum. The Paris-based agency has handled the interactive campaigns for high-profile blue-chip clients including France Telecom and Lacoste.Under the deal, Mediaquest will be merged with WPP subsidiary OgilvyOne’s existing French new media operation, OgilvyInteractive. The… Continue reading WPP Acquires French New Media Agency
Shares in magazine publisher EMAP, which have fallen since circulation figures were released recently (see Sharewatch), today began to rise after a note was sent to the Independent at the weekend claiming that EMAP had received takeover approaches from other publishing groups. By 2:45pm today, EMAP stock was up 8p at 990p.An EMAP source claims… Continue reading EMAP Shares Rise Over Anonymous Rumours Of Takeover Approaches
If proof were needed that the internet will be the preferred business medium of the 21st century a recent report will confirm any doubts. Media agency Optimedia has published its research into the development of the internet and e-commerce in the UK and its estimates for growth in the sector go beyond all previous forecasts.Its… Continue reading Feature: Internet Set To Become Fastest Growing Media Ever In Terms Of Ad Revenue
Shares in software company Dialog took a tumble yesterday after its six month results showed a drop in pre-tax profits and an increase in debt. Prices fell over 13% to 74p.Media group Emap saw a 6p drop in stock amid news that anonymous notes have been circulating some national newspapers claiming that the company has… Continue reading Sharewatch
The Guardian Media Group has confirmed that it plans to launch a new morning newspaper in Manchester. Although still in its initial stages it is believed to be based on local models such as Trinity’s Daily Post & Echo in Liverpool which publishes a morning sister paper for its evening title.The group, which publishes the… Continue reading Guardian To Launch Manchester Morning Paper
The Daily Mail & General Trust has reaffirmed that its Associated New Media (ANM) division will focus its activities on the growing market for women on the internet. As part of this strategy ANM this week announced the sale of 60% of its Soccernet.com site to Buena Vista Internet Group, a division of the Disney… Continue reading Associated New Media To Concentrate On Websites For Women
Impacts ITV impacts are once again down for all audience categories year on year, notably Men which dropped back 7.8%. Conversely, Channel 4 impacts are improving for Men, up by 9.6% in July. However, this is likely to be because the World Cup last year ran until the second week in July, accounting for the… Continue reading TV Market Round-Up – July 1999
Interim pre-tax profits at online information provider, Dialog Corporation, have fallen from £7.0 million to £1.7 million year on year for the six months ended 30 June 1999, the group announced today. Whilst revenues were up by 4.6% to £44.7 million between Q1 and Q2 this year, the company is still heavily indebted, now to… Continue reading Debt Burden Causes Profits Slip At Dialog
