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Former United Business Media chief executive, Lord Hollick is taking a high profile position at US private equity group Kohlberg Kravis Roberts (KKR), with the aim to put the US company on the map in British and European media. In his new role as managing director of KKR, the labour peer has highlighted the idea… Continue reading Hollick Talks Takeovers In New Role At KKR

Market information company Taylor Nelson Sofres (TNS) has issued a positive trading statement ahead of its full year announcement on 7 March. The statement outlined the company’s expectation to show underlying revenue growth, in line with the current market, of 3-4%. Overall, the company’s European operations achieved revenue growth in line with previous expectations, with… Continue reading Taylor Nelson Sofres Optimistic For 2005

US online advertising expenditure is set to increase by as much as 30% in 2005, signalling a strong performance for online advertising for the coming year, according to a recent survey by Deutsche Bank and MediaPost. This confirms media commentary group, Jack Myers prediction last month, that online would play a major role in advertising… Continue reading US Online Adspend To Increase By 30% In 2005

Online shopping hit record numbers over Christmas 2004, with online retailers experiencing a 23% increase in internet traffic from December 2003, according to a report from web monitoring firm Hitwise. Data from Hitwise showed that online shopping performed well in the period between August and December 2004, with market share of all UK internet traffic… Continue reading UK Online Shopping Hit Record Numbers Over Christmas 2004

Jack Myers, in revising its 2005 US adspend forecast upwards in December, joined other key industry prognosticators in predicting a more positive outlook for the US advertising market in 2005; largely driven by an expected increase in online advertising expenditure. Myers predicts that internet advertising will grow by 30%, with overall US advertising expenditure expected… Continue reading Internet Boosts US Adspend For 2005

This week has seen economists offer their forecasts for 2005, with the consensus opinion looking forward to another year of steady economic global growth, driven by the market forces of the US and China. Unemployment is expected to fall gradually in the US and Asia, and Britain is predicted to stay at its current near-record… Continue reading Steady Economic Outlook For 2005

Media and communications group Aegis saw a dramatic drop in share price yesterday, losing 2.10% to close at 105p. Last week Aegis-owned media agency, Carat, lost a court case against KR Media as the courts found the company had made claims of illegal client poaching in order to obtain sensitive information about its rival. In… Continue reading Sharewatch: Aegis Drops Following Carat Court Case

The Local Radio Company has announced the acquisition of East Liverpudlian station KCR FM for a cash sum of £507,250.KCR FM has potential audience coverage of 231,100 adults, with the first ever RAJAR results for the station due to be released on 27 January. By the end of May last year KCR FM totalled sales… Continue reading Local Radio Company Boosts Portfolio In Liverpool

ABC Electronic has announced a second series of free briefings aimed at encouraging media buyers to make the most of audience measurement and online accountability following positive feedback from its first briefings, which ran last year.ABCE’s first 2005 Breakfast Briefing will be on 26 January at the Institute of Practitioners in Advertising. The briefing will… Continue reading ABC Electronic Boosts Profile With Free Briefings

London Mayor Ken Livingstone has pledged to end the exclusive distribution deal between Metro and the Capital’s underground railway stations, paving the way for rivals such as Richard Desmond to launch titles aimed squarely at the lucrative commuter market.Stating that the current deal with Associated Newspapers does not allow for free evening newspapers to be… Continue reading Livingstone Opens Tube To Afternoon Freesheet