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There is continued recovery in the North American advertising market, whilst Europe remains variable, according to Aegis Group chairman, Lord Sharman. Speaking at the advertising network’s AGM this morning, he said that the first fourth months of the year have seen a continuation of the ‘patchy but gradual’ recovery experienced in the latter part of… Continue reading Aegis Sees North America Ad Recovery, But Variable Europe

Pace Micro Technology has cemented its relationship with News Corporation by concluding a deal to supply Sky Italia customers with set-top boxes. Sky Italia was created on the back of News Corp’s acquisition of of pay-TV network Telepiù (see News Corp Completes Telepiu Transaction), completed last month. The new network represents Rupert Murdoch’s latest foray… Continue reading Pace Hotfoots Into Italian Market

Microsoft has ditched its 23% stake in UK cable operator Telewest Communications, indicating that the UK cable and interactive TV sector is not as attractive a market as it once was. The holding has been taken up by US telecommunications group IDT for $5 million in cash (£3 million). In July 2000, Microsoft paid for… Continue reading Microsoft Offloads 23% Telewest Stake At Heavy Loss

Profits at UK media group EMAP rose by 16% in the year to March 2003, up from £151 million to £175 million. This exceeds predictions of 13% growth made by analysts at Lehman Brothers (see Heat Boosts EMAP Consumer Ad Revenues, Says Lehman). The disposal of EMAP USA in August 2001 (see Petersen Sale Closes… Continue reading EMAP Earmarks £23m For New Product Launches, Results In Line

Cordiant Communications opened strongly on the London Stock Exchange following reports that the ailing advertising group is on the verge of offloading two major assets in a bid to alleviate crippling debts. The Independent On Sunday claimed that Cordiant is completing the formalities pertaining to the sale of PR consultancy Financial Dynamics and Australian ad… Continue reading Cordiant Lifted By Disposal Speculation

Consumer publishing ad revenues are expected to rise by 5.8% at EMAP, according to a full-year results preview by analysts at Lehman Brothers. The broker expects advertising at the consumer publishing division to come in at £147 million in 2003, up from £139 million last year. The Consumer division includes titles such as Heat, Closer,… Continue reading Heat Boosts EMAP Consumer Ad Revenues, Says Lehman

Guardian Media Group (GMG) is looking at the possibility of making a bid for Capital Radio, as part of plans to expand its radio interests. The move follows the breakdown of the group’s negotiations to buy out its joint venture associate, BC Partners, in the Autotrader publishing business. GMG, which publishes the Guardian and Observer,… Continue reading Guardian Media Sounds Out Capital Radio Bid

Merrill Lynch analysts have slightly downgraded their 2003 US and global advertising growth forecasts, but say that the cuts are much less severe than expected given the “gyrations” experienced so far this year. Viewed in this way, Merrill says that the adjustments are a good thing. US growth, excluding direct marketing, is now expected to… Continue reading Latest US And Global Ad Forecasts From Merrill Lynch

Europe will overtake the US in the penetration of broadband internet in online homes by 2007, according to new forecasts from Jupiter Research. The group says that 48% of net-connected households in Europe will have broadband by this time, compared to 46% in the US. Jupiter says that there will be sustained growth for both… Continue reading European Broadband Penetration To Pass US In 2007

Recent figures from the Internet Advertising Bureau (IAB) and Price Waterhouse Coopers show that online adspend for 2002 reached £197 million, which equates to a 1.4% share of the total UK advertising market. The data suggests that the online industry is well on track to reach its target of almost 2% market share by 2004.… Continue reading INSIGHTanalysis: Web Advertising Pushes The Right Buttons