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WPP chief executive, Sir Marin Sorrell, has urged media companies to start investing, not cutting down, during the credit crunch. Speaking to Media Week, Sorrell said: “Industry research has consistently shown that if we cut marketing during such times, the impact is damaging and it can take you longer to get back to where you… Continue reading Sorrell Tells Media Companies To Start Investing

WPP Group has released a statement announcing plans to extend the original Friday deadline for its £1.1 billion offer of TNS until 3pm this Wednesday, October 8. WPP Group, led my Sir Martin Sorrell, announced that valid acceptances of the offer had now climbed to 60.86% of TNS shareholders last Friday, when the previous deadline… Continue reading WPP Extends TNS Offer Deadline

Ofcom’s latest digital television update, for the second quarter of 2008, reveals that take-up of multichannel television on main sets in UK households increased by 0.8%, from 87.2% to 88% in Q2. The report found that over 22.5 million households had multichannel television equipment connected to their primary set by the end of Q2 2008.… Continue reading Digital TV Households In UK Up To 88%

Virgin Media Television has appointed David Cuff, former Flextech Television executive, as its new commercial director. Cuff will be responsible for commercial strategy across all of VMtv’s businesses, reporting to managing director Jonathan Webb. Cuff has previously held positions with Flextech Television and Initiative Media, and runs his own consultancy business, Cuff Media. In addition,… Continue reading Virgin Media Appoints New Commercial Director

Sly Bailey, the chief executive of Trinity Mirror, is warning digital businesses to beware of the inevitable bubble-burst. Stating that digital growth of recent years is now slowing, she has suggested there were “tough times ahead”. Delivering the opening keynote speech at the annual Association of Online Publishers, Bailey voiced her concerns about the BBC’s… Continue reading Sly Bailey Warns Of Digital Bubble Burst

Pre-tax profits at Telegraph Media Group rose by 4.9% year on year to £34.3 million, according to full year 2007 figure filed at Companies House. Overall turnover for the publishing group also rose 4%, or £13.8 million last year to £354.9 million. Operating profits after exceptional costs were £11.8 million, which is an increase of… Continue reading Telegraph Pre-Tax Profits Rise by 4.9%

The number of HD-ready households is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.2% over the next five years, from 59% of US TV households in 2007 to 84% in 2012, according to a new report by Adams Media Research. ‘The Future of HDTV Delivery’ research carried out by Adams, predicts… Continue reading 84% Of US Households Will HD-Ready By 2012

Channel 4 is set to put the multi-million pound contract for T4 out to tender for the first time in six years, as part of its wider plans to cut programme budgets.A number of companies are expected to pitch for the contract, including the current producer Eyeworks At It as well as new suppliers Endemol… Continue reading Channel 4 Puts T4 Contract Out To Tender

August was a similar month to July in the TV market, however, GMTV managed to improve its year on year revenue total among terrestrial channels. The ITV1 breakfast station posted a revenue increase of 4.3% compared to August 2007.The biggest year on year decline came from ITV1 network, with revenues dipping by 6.8% to stand… Continue reading TV Market Round-Up – August 2008

The Serious Fraud Office (SFO) has decided against investigating the BBC and ITV over allegations relating to the broadcasters’ phone-in programmes and competitions.Earlier this year, Ofcom fined the BBC a record £400,000 for faking winners and misleading audiences in the phone-in competitions on shows including Comic Relief and Children in Need (see Ofcom Fines The… Continue reading BBC And ITV Escape Phone-In Fraud Investigation