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Vivendi Universal, the indebted media giant, has confirmed that it is to sell its US entertainment assets in a bid to achieve financial stability. The French-based corporation posted losses of €23.3 billion in 2002 (see Vivendi Left Reeling By Staggering Losses), paying the penalty for the costly acquisition policy pursued by former chief executive, Jean… Continue reading Party Is Over For Vivendi

Cordiant Communications, the troubled UK advertising firm, said this morning that it has received “very preliminary approaches” from unidentified companies interested in buying it out. It emerged on Monday that Cordiant had lost the Allied Domecq account, one of the mainstays of its business (see Cordiant Shares Nose-Dive As Major Client Walks). The company’s share… Continue reading Potential Buyers Circle Crisis-Ridden Cordiant

Channel 4 achieved its largest ever share of terrestrial advertising revenue in 2002, as peak-time viewing rose to the highest level in its 20 year history. The channel’s latest annual report, released today, shows that it secured a 24.1% share of terrestrial advertising revenue last year, with its peak-time audience share climbing by 5% year… Continue reading Channel 4 Returns To Profit After Heavy Losses

Analysts at Lehman Brothers are expecting BSkyB to report an increase of 145,000 digital satellite subscribers in its third quarter financial results, which are due for release on 13 May. These additions would take Sky’s satellite customer base to 6.7 million, up 13.9% year on year and ahead of Lehman’s previous 12.5% growth forecast. The… Continue reading Lehman Analysts Expect 14% Subs Growth At BSkyB

Almost one in six online retailers in the US does not know its sales conversion rate and a further 43% are not aware of ‘shopping cart’ abandoned rates, according to a new study by the e-tailing group. The survey of over 200 senior executives found that online merchant businesses are often struggling with outdated legacy… Continue reading Online Retailers Need Better Conversion Measurement, Says Study

US business-to-business (B2B) print advertising spend rose by 2.4% year on year in February, representing the fourth consecutive month of growth, according to new figures from American Business Media (ABM). Although spend was up, advertising pages volumes dropped by 5.6% in the month. In the year-to-date, adspend was up 2.8% and pages were down 5.6%.… Continue reading US B2B Press Revenues Rise Again In February

The number of American homes with the capability to receive interactive television (iTV) commercials will hit a critical point within the next eighteen months that will drive a ‘huge increase’ in the number of advertisers using interactivity in their campaigns. This is the key finding from a new study on iTV advertising by BrightLine Partners.… Continue reading US iTV Ads 18 Months From Critical Mass, Finds Survey

Monday’s big market story was Cordiant Communications, which fell 64.55% after Allied Domecq, one of its largest clients, terminated its contract with the advertising group. This has thrown in to disarray an agreement the company had made with its lenders and analysts have warned that it may go into administration (see Cordiant Shares Nose-Dive As… Continue reading Sharewatch: Cordiant Plummets In Wake Of Client Loss

Online search engine Google has secured a multi-year agreement to provide search technology and sponsored links to Amazon.com.The deal, which begins this month, will allow Amazon users to access Google‘s search and sponsored links service via the online retailer’s website.Omid Kordestani, senior vice president of Google’s world-wide sales and field operations, commented: “Both Google and… Continue reading Google Secures Amazon For Search Targeted Marketing

In an economic downturn and an increasingly cluttered media world, reaching niche target groups via innovative media channels is more important than ever. Peter Miles, CEO of student union entertainment network, JVTV, argues that students are becoming one of the most attractive target groups and asks why so many “big ideas” aimed at this niche… Continue reading NewsLine Column: Making Student Media Work