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Vivendi Universal today announced a reduction in first quarter losses and affirmed that it is on track to achieve year-end targets. The French media group, which is in the process of trying to sell its US entertainment assets (see Party Is Over For Vivendi), said that net loss in the three months to March 31… Continue reading The Tide Turns At Vivendi

Patrick Taylor is to step down as chief executive of GWR as part of a major overhaul of the radio group’s board.Taylor, who joined GWR as finance director and deputy chief executive in 1996, is to take up a part time consultancy role as non-executive chairman of Livetime, the division of GWR that focuses on… Continue reading GWR Loses Chief Executive In Board Reshuffle

Wireless local-area network (WLAN) equipment shipments experienced triple-digit growth in 2002 but there was no corresponding increase in revenues, according to new figures from Gartner Dataquest. The research company said that global WLAN equipment shipments totalled 19.5 million units last year, representing an increase of 120% from 2001 shipments of 8.9 million units. However, the… Continue reading Worldwide WLAN Sales Double In 2002

Active Value, the largest shareholder in beleagured advertising group Cordiant, has denied that it has any plans to launch a joint bid for the company with WPP Group.WPP is embroiled in a bidding race for control of Cordiant and was the favourite until the last minute intervention of Publicis. The French media giant has teamed… Continue reading Cordiant Shareholder Rules Out Deal With WPP

There appears to be no improvement in ITV advertising levels on the horizon, according to Morgan Stanley analysts, with September looking unlikely to provide the previously-anticipated pick-up in trading. At a broadcasting conference held by Morgan Stanley, a major UK media buyer told analysts that his firm sees no sign of recovery in September, with… Continue reading Morgan Stanley Downgrades ITV Forecasts

The Competition Commission has been given an extra two months to investigate the proposed £2.6 billion merger of Carlton and Granada and will now report back to Trade and Industry Secretary Patricia Hewitt on 26 August.The Commission, which was due to have completed its inquiry by the end of this month, says it needs more… Continue reading Competition Commission Delays Verdict On ITV Merger

The importance of television to the younger age groups is beginning to diminish in the US, according to Parks Associates’ Electronic Living @ Home research. The survey shows that TV’s significance decreases steadily toward the younger demographic, with internet access and personal computing becoming increasingly prevalent for these groups. “Perhaps most surprising is how obviously… Continue reading TV Viewing Loses Importance For The Young, Finds US Survey

There appears to be no improvement in ITV advertising levels on the horizon, according to a Morgan Stanley analysts, with September looking unlikely to provide the previously-anticipated pick-up in trading.Also On MediaTel Insight Today…TV Viewing Loses Importance For The Young, Finds US SurveyThe importance of television to the younger age groups is beginning to diminish… Continue reading MediaTel Insight: Morgan Stanley Downgrades ITV Forecasts

The underlying rate of UK inflation fell to 2.9% in May, down by 0.1% on the previous month, according to the latest figures from the Office Of National Statistics (ONS).The headline rate of inflation, which includes mortgage interest payments also fell by 0.1% to 3%. However, it still remains well above the Government’s target of… Continue reading UK Inflation Falls In May On Weakened Oil Prices

Troubled advertising group Cordiant remained in focus yesterday on reports that WPP may form an alliance with Active Value to usurp an offer for the group from Publicis and Cerberus Capital Management. Cordiant‘s stock was seen stable at 4.75p, after being suspended yesterday morning pending clarification of the group’s financial situation (see Cordiant Shares Suspended… Continue reading Sharewatch: WPP Rises On Revised Cordiant Bid