Telewest today announced that 51,000 internet and 12,000 household subscribers were added during quarter one, helping to reduce the group net loss to £36 million from £187 million on the same period last year. Acting Chief Executive, Barry Elson, said: “Today’s results reflect a good first quarter. Broadband growth, successful marketing and the value of… Continue reading Telewest Debts Reduce As Subscriber Figures Grow
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Telecoms giant, British Telecom, today announced that it is slashing the current broadband access price for rival broadband providers by 70%. The price cuts are for the local loop unbundling (LLU) products – the last mile of cooper wire connections linking households to telephone exchanges, which are used by rivals such as Telewest, to provide… Continue reading BT Set To Slash Broadband Price
Commercial radio group GWR has announced the sale of its stake in Radio Investments (RIL) to a new company headed by former Jazz FM chief executive, Richard Wheatly, for a total of £10.6 million. The disposal of the 27.8% stake is due for completion later this month once Wheatly’s fledgling Local Radio Company has completed… Continue reading GWR Off-Loads Radio Investments For £10.6 Million
As BSkyB today announced that operating profit hit record levels, growing 76% during the third quarter, it was confirmed that the FA Premier League games would not be sub-licensed as all of the bids received by the group, failed to meet the reserve price tag. Operating profit for the three months ending 31st March 2004,… Continue reading Sky Turns Down Premier Bids As Profits Soar
The UK TV market will become more, rather than less competitive, the chairman of Channel 4 told equity research company, Lehman Brothers. During the meeting, Luke Johnson said that he expects Freeview to become more attractive as more people find out about it. He also gave a pat on the back to the BBC, the… Continue reading TV Market To Become More Competitive Says C4 Boss
Local US websites, operated by newspapers and TV stations, are expected to bring in revenues of more than $1 billion this year; a huge chunk of the total local advertiser spend which reached $2.1 billion last year says Borrell Associates. The What Local Websites Earn report says, these sites generate 10 to 20 times the… Continue reading Revenue At Local US Websites Set To Grow
BSkyB was seen in the spotlight yesterday with shares rising by 3.08% as investors speculated ahead of today’s third quarter profits announcement. Many are bracing themselves for slowing subscriber numbers, but some argue that the bad news has already been priced into the stock.Meanwhile, ITV saw stocks creep up by a solid 2.18% after revealing… Continue reading Sharewatch: BSkyB In Focus Ahead Of Profit Statement
The National Magazine Company has formed a joint venture with American publishing giant Rodale International, in a move that could see the launch of a range of new health and fitness titles.The partnership will see Rodale’s magazine interests in the UK, which include Men’s Health and Runner’s World, run under the new company banner of… Continue reading Natmags Forms New Joint Venture Company With Rodale
Dennis Publishing is to stop producing its monthly women’s health and beauty magazine Shape after failing to compete for advertising revenue in the increasingly crowded sector.The decision to drop Shape from the Dennis Publishing portfolio leaves the magazine’s owner American Media with the task of finding another publishing partner in the UK, or face consigning… Continue reading Dennis Out Of Shape As Women’s Title Is Dropped
BSkyB today announced that operating profit hit record levels in its third quarter and confirmed that the FA Premier League games would not be sub-licensed as all of the bids received by the group failed to meet the reserve price tag.Operating profit for the nine month period to the 31 March 2004 rose by an… Continue reading Sky Turns Down Premier Bids As Profits Soar
