Culture Secretary Tessa Jowell has strongly defended the proposed liberalisation of the UK media regulations, which will allow the foreign ownership of UK media assets.Speaking at yesterday’s Westminster Media Forum, Jowell pledged her commitment to proposals put forward in the Communications Bill, saying: “Our policy is simple, we will remove ownership rules where possible because… Continue reading Jowell Moves To Defend Foreign Ownership Deregulation
US business to consumer commerce spending will top $90 billion this year, due to some extent to the surging popularity of broadband, according to a new study from eMarketer. In its new report, North America E-Commerce: B2C & B2B, the research firm claims that spending on B2C products and services will increase by more than… Continue reading B2C Ecommerce Growth Maintained
Flextech Television has appointed Lisa Opie as managing director, following Jane Lighting’s move to Channel Five (see Channel Five Names Lighting As New Chief Executive).Opie, who has been acting MD since the departure of Lighting, will report to the managing director of Telewest, Charles Burdick.She will be responsible for the overall strategy of the content… Continue reading Flextech Appoints Opie As Managing Director
US business to consumer commerce spending will top $90 billion this year, due to some extent to the surging popularity of broadband, according to a new study from eMarketer.Also On MediaTel Insight Today…Telewest Losses Rise 13% In Q1Losses at UK cable operator, Telewest Communications, rose by 13% to £187 million in the first quarter of… Continue reading MediaTel Insight: B2C Ecommerce Growth Maintained
Shopfront Media has secured the Telegraph group to trial LED adsites at 25 independent newsagents across London, as part of the paper’s £2.5 million outdoor ad campaign (see Daily Telegraph Launches Nation-Wide Ad Campaign).The new adsites will feature the Daily Telegraph’s ‘Read a bestseller every day’ strapline and will highlight the content of each day’s… Continue reading Shopfront Media Secures Telegraph For Ad Deal
The number of UK households with internet access increased by 1.6 million to 11.4 million during 2002, according to a new report from the Office of National Statistics.The latest Expenditure and Food Survey found that the number of online homes remained constant at more than 11 million in the final three months of the year.… Continue reading Newsline Feature: Internet Usage On The Up In 2002
The ASA received a record 13,959 complaints over non-broadcast advertisements during 2002, according to its Annual Report for 2002.According to the report, complaints increased by 10.8% year on year. An advert for the British Heart Foundation, featuring a woman with a plastic bag over her head, was the most complained about ad of the year.… Continue reading Complaints Against Advertising Reach Record High
International media group Clear Channel Communications yesterday reported a fall in profits for the first quarter despite a small increase in revenues Net earnings in the three months to March 31 2003 totalled $71 million, down from $90.3 million in the same period last year. Revenues crept up from $1.70 billion to $1.78 billion. Clear… Continue reading Clear Channel Issues First Quarter Results
Beleaguered advertising group Cordiant continued to fall yesterday (see Cordiant Shares Nose-Dive As Major Client Walks), down a further 30.23%, on concerns it would not be able to publish its figures in time to meet the deadline set by the UK listings authority.Yesterday traders feared the company, which has received preliminary approaches ahead of possible… Continue reading Sharewatch: Cordiant Falls On Fears Of Suspended Trading
Shares in troubled advertising and public relations group, Cordiant Communications, shot up by 53% this morning as the company announced that it has secured an emergency financing package which will provide funds until 15 July 2003. Earlier in the week Cordiant was hit by news of the impending loss of one its major clients, drinks… Continue reading Cordiant Shares Bounce Back As Short-Term Funding Is Agreed
