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The UK economy grew by 2.3% during 2003, according to Chancellor Gordon Brown, who delivered his eighth Budget this afternoon. Brown claims that the country is witnessing its longest period of economic growth since the Industrial Revolution. The Chancellor is maintaining his forecast of 3-3.5% economic growth for 2004 and 2005. Along with the US,… Continue reading Britain Enjoys Longest Economic Growth In 200 Years, Says Brown

Regional newspaper group, Johnston Press, has posted a 38% rise in 2003 profits to £128.0 million. These include the first full-year contribution from Regional Independent Media (RIM), which Johnston acquired in 2002. The group says that like-for-like advertising revenues grew by 3.8%, with a rise of 3.0% in H1 followed by 4.6% growth in H2.… Continue reading Johnston Press Sees ‘Superb’ Year In 2003

Pan-European broadcaster, RTL Group, moved back into the black in 2003, as pre-tax profits rose from 2002’s â‚Ź56 million loss to a profit of â‚Ź14 million this time. The group owns 65% of the UK’s Five, which reported positive earnings for the first time since its launch in 1997. In a broadly weak television advertising… Continue reading RTL Is Back In Black As Five Performs Well

There were 24.6 million high-speed internet subscribers in the US by the end of 2003, taking the total broadband penetration to more than 20% of residential households. According to new data from Leichtman Research Group (LRG), the country’s twenty largest cable and DSL providers – representing about 98% of the market – added a combined… Continue reading A Fifth Of US Homes Take Broadband In 2003

A day of mixed trading in media stocks yesterday saw a handful of companies making headway. Johnston Press was one of the few to nudge into positive percentage growth, climbing 0.49% to close at 509p ahead of results due today expected to show a rise in turnover and profits.Emap also rose, climbing 1.23% to 865˝p… Continue reading Sharewatch: Johnston Inches Up Ahead Of Good Results

Three of the UK’s largest media owners have joined forces to promote their platforms to advertisers in an effort to increase cross-media advertising in the youth and entertainment market.IPC Media, Capital and Viacom all hope to increase advertiser take-up of cross-media campaigns by pooling their planning, creative ideas and media delivery capabilities to offer added-value… Continue reading Media Owners Team Up For Cross-Platform Deal

Last week Future Publishing appointed Robert Price as its new managing director, with responsibility for driving growth across a portfolio of 60 specialist magazines including Total Film, Official PlayStation 2 and Redline.In one of his first interviews since taking over the position, the man at the helm of the UK’s fifth largest consumer publisher told… Continue reading NewsLine Interview: Robert Price – Future Publishing

RAJAR has lashed out at claims made by Wireless Group chairman, Kelvin MacKenzie, that its electronic measurement tests were “fatally flawed” and has dismissed the accusations as “ludicrous”.RAJAR was responding to legal action from the talkSPORT boss demanding £66 million in damages for advertising revenue he claims has been lost as a result of the… Continue reading RAJAR Dismisses Wireless Group Claims As Ludicrous

GWR Group has increased its stake in Digital Radio Group (DRG), the third London digital multiplex, from 23.6% to 30.2%, it announced this morning. It has increased its holding through the £3.3 million acquisition of shares from Clubmend, Asian Sound and Matsushita Electric Europe.GWR provides a range of digital services on DRG through its NOWdigital… Continue reading GWR Raises Stake In London Digital Multiplex

Chancellor of the Exchequer, Gordon Brown, stood up at 12:22pm to reveal his tax and spending plans for the next year. Key points of the 2004 Budget are as follows…Mr Brown said since 1997 Britain has sustained growth through two economic cycles without suffering the “all British disease of stop go”.Britain has enjoyed the longest… Continue reading Budget 2004 Coverage – The Chancellor’s Speech Live