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First half revenues fell by 3% at Pearson, partly as a result of continuing weak advertising conditions at its Financial Times newspaper, the group said today. Reporting a decline in pre-tax profits from £26 million in H1 2002 to a loss of £1 million this time, Pearson said that there were ongoing tough trading conditions… Continue reading Pearson Revenues Drop As Ad Bite Continues At FT

First half revenues fell by 3% at Pearson, partly as a result of continuing weak advertising conditions at its Financial Times newspaper, the group said today.Reporting a decline in pre-tax profits from £26 million in H1 2002 to a loss of £1 million this time, Pearson said that there were ongoing tough trading conditions in… Continue reading Pearson Revenues Drop As Ad Bite Continues At FT

Telewest shareholders can expect to receive only 1.5% of the firm’s equity once restructuring is completed, the cable company said today. Following in-depth negotiations, it has been agreed that bondholders will get 98.5% of Telewest shares. A deal by which they would have received 97% of the equity was previously rejected as insufficient (see Bondholders… Continue reading Telewest To Reduce Shareholder Stake

Outdoor advertising group JCDecaux has reported a 2.8% decline in turnover for the first half of 2003 with the Sars virus and the European advertising slowdown seen as contributing factors.Total revenue for the six months ended June 30 came to €758.2 million, compared with €779.9 million in the same period last year. In the second… Continue reading Ad Market Remains ‘Difficult’ For JCDecaux

Carlton Communications was seen in focus yesterday, up 1.65% as traders took a positive view of the group’s merger prospects with Granada. The Competition Commission will announce next month whether the £2.6bn deal, which will see the creation a single ITV company, will be allowed to go ahead (see Competition Commission Delays Verdict On ITV… Continue reading Sharewatch: Carlton Rises On Bullish Sentiment

The decline in advertising revenues at the Financial Times is not expected to show any recovery until 2005, according to analysts at Morgan Stanley. The FT‘s parent company, Pearson, announced in April that the paper’s ad revenues had plummeted by 18% over the preceding twelve months, with the FT Group as a whole falling by… Continue reading Weak Advertising Expected At FT In Pearson Results

Oftel has introduced an new regulatory framework to protect the interests of consumers in the rapidly changing communications sector.The telecoms regulator has developed the regulations over the last 18 months, in line with EU legislation, to cover converging communications services such as interactive television, email and text messaging.The new framework is intended to create more… Continue reading Oftel Lays Down Framework For New Super-Regulator

The continued recovery of the US advertising market has helped to boost revenues at media giant, Viacom, by 10% to a record $6.4 billion during the second quarter of the year. The strong performance was led by a 22% jump in the cable network, with a 10% rise in revenues at the television and video… Continue reading US Ad Pick-Up Boosts Viacom Revenues

Rich media advertising is becoming increasingly popular amongst online marketers, according to new research from digital media group, DoubleClick.The latest Ad Serving study reveals that the number of rich media executions increased to nearly 32% of all online ads in the second quarter of 2003, up from just 17.3% in the same period in the… Continue reading DoubleClick Reveals Continued Growth In Rich Media Ads

The wave of cost cutting and redundancies in the media sector has left employee morale at an all time low, according to new research from recruitment agency TMP/Hudson Global. The survey, which analysed the current and projected recruitment plans of 3,100 companies in the UK, shows that one in five respondents believe employee morale is… Continue reading Morale Amongst Media Employees Hits All Time Low