A number of high profile sequels could not prevent June’s cinema admissions from dropping to 9.4 million, down from 12.2 million in the same period the previous year, according to the latest figures from the Cinema Advertising Association (CAA).The data shows that June’s cinema admissions averaged just 2.19 million a week as consumers turned their… Continue reading Seasonal Dip Hits June’s Cinema Admissions
The Guardian Media Group (GMG), publisher of the Guardian and Observer newspapers, has posted strong financial results for the twelve months to March 2003, despite the difficult trading conditions that have typified the period. The group said that advertising revenues were up by 4.1% to £254.9 million, whilst circulation revenues rose by 6.2% to £81.7… Continue reading Guardian Media Group Posts Good Figures In Weak Markets
The fate of Cordiant Communications has been all but sealed this afternoon, as shareholders voted overwhelmingly in favour of the proposed takeover of the group by WPP.At an extraordinary general meeting today, shareholders representing 99.2% of the company’s stock voted to proceed with WPP’s £266 million takeover bid.Only 75% approval was needed for the deal… Continue reading WPP Triumphs In Cordiant Battle
Sunrise Radio’s bid to acquire Mean Country 1035 AM has been given preliminary approval by the Radio Authority, following the passing of the Government’s Communications Act last week (see Parliament Finally Green Lights Communications Act). Sunrise, which operates radio stations for Asian listeners in London and across the UK, is planning to takeover Mean Radio… Continue reading Watchdog Shines On Sunrise Radio’s Mean Country Bid
Global information group, Reuters, has this morning unveiled a first half pre-tax profit of £87 million, following a loss of £10 million for the same period in 2002. This figure is substantially ahead of a £57 million forecast from Merrill Lynch.However, despite the strong pre-tax profit figure, Reuters’ overall revenues were down by 12% to… Continue reading Reuters Moves Into Profit As Savings Plan Pays Dividends
Trinity Mirror is to close the Daily Mirror’s two Saturday magazines M and Look, as part of a wider cost cutting strategy being launched by the publisher. The company told staff yesterday that the flagship weekly magazine, M, and the listings title, Look, are to close with the loss of almost 30 jobs. The move… Continue reading Trinity Mirror Closes Saturday Magazines To Cut Costs
Culture secretary, Tessa Jowell, has admitted that Lord Puttnam’s last minute plurality test amendment to the Communications Bill was an improvement to the recently passed legislation (see Parliament Finally Green Lights Communications Act). The Government was forced to accept the eleventh hour proposal after a group of rebel peers threatened to vote down the Bill… Continue reading Jowell Admits Plurality Test Improved Communications Act
Culture Secretary, Tessa Jowell, has admitted that Lord Puttnam’s last minute plurality test amendment to the Communications Bill helped to improve the recently passed legislation (see Parliament Finally Green Lights Communications Act).The Government was forced to accept the eleventh hour proposal to give Ofcom the power to investigate major cross-media mergers after a group of… Continue reading Jowell Admits Plurality Test Improved Communications Bill
Global information group, Reuters, has this morning unveiled a first half pre-tax profit of £87 million, following a loss of £10 million for the same period in 2002. This figure is substantially ahead of a £57 million forecast from Merrill Lynch. However, despite the strong pre-tax profit figure, Reuters’ overall revenues were down by 12%… Continue reading Reuters Moves Into Profit As Savings Plan Pays Dividends
The cost of unmetered dial-up internet access could be reduced by service providers, following a ruling by Oftel that will force BT to bring down the amount it charges operators to use its network.Following an investigation into BT’s charging practice, the telecommunications watchdog is forcing the company to reduce its fees by 17%. Oftel concluded… Continue reading Oftel’s BT Ruling Should Bring Down Dial-Up Internet Costs
