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Carlton Communications has this morning unveiled first half financial results that beat market expectations, pushing shares in the group up by 7.2% to 119p by 10:00am this morning. Earnings before interest and tax were up from £11.3 million in H1 2002 to £32.0 million this time. The group moved into a pre-tax profit of £37.0… Continue reading Carlton Results Push Shares Up As Profits Return

The Radio Authority has urged the new super-regulator, Ofcom, to carry on its model of regulation when it assumes its full responsibilities at the end of the year. In its final Annual Report before being phased out by the new catch-all regulator, the current radio watchdog emphasised that its ability to oversee “fifty thousand programme… Continue reading Radio Authority Calls For Ofcom To Carry On Legacy

Hollinger chairman Lord Black faces a frosty reception from shareholders tomorrow as concerns mount over falling ad revenues and huge debts at the international media group. Operating revenues at the Telegraph Group, Hollinger’s UK newspaper division, totalled £84 million in the first quarter of 2003, down from £86.6 million in the same period last year.… Continue reading Telegraph Group Sees No Upturn In 2003

Airtime advertising revenue growth at Granada scraped into positive figures during the first half, with the company today reporting a 1% rise to £442 million. Despite the weak ad figures, Granada’s turnover and earnings were significantly stronger than expected by Morgan Stanley and Lehman Brothers analysts (see ITV Ad Revenue To Drop 2% In 2003,… Continue reading Granada H1 Earnings Rise, June Ad Revenue Down

The Department of Trade & Industry has announced that the bid by regional publisher Newsquest for 45 titles currently owned by Independent News & Media has been referred to the Competition Commission. It was revealed two months ago that IN&M was selling its UK regional newspaper business in a deal worth £60 million (see Independent… Continue reading Competition Commission To Investigate Latest Newsquest Deal

Leading US cable and DSL providers accounted for over 19 million high-speed internet users by the end of the first quarter of this year, according to the latest figures from Leichtman Research Group (LRG). The figures show record growth for the quarter, with the major providers adding almost 1.9 million new subscribers. This represents 65%… Continue reading US Broadband Internet Subs Top 19m

Recent forecasts show that more than $50 billion will be spent on online purchases in the US this year and there are signs that internet retailers are prospering at the expense of their offline rivals. A report from The Media Audit shows that 29.6 million US homea have made five or more online purchases in… Continue reading INSIGHTanalysis: US Ecommerce Estimates & Forecasts

US business-to-business (B2B) print advertising spend rose for the fifth consecutive month in March, according to new figures from American Business Media (ABM). Advertising dollars were up 5.8% year on year, while pages were down 5.0%. For the quarter, spending was up 4.2% and pages were down 5.0%. ABM had anticipated a rise of 3%… Continue reading American B2B Print Adspend Jumps 6% In March

The Government’s target of 2010 for the switch-off of the analogue television broadcast will be met, according to ecommerce minister Stephen Timms. Speaking at the Westminster Media Forum this morning, Timms cited the success of digital terrestrial service Freeview as a key driver toward the Government’s target. Freeview has signed up over 1.4 million customers… Continue reading Analogue TV Switch-Off Target Will Be Met, Says Timms

Granada was seen in focus yesterday, down 4.33% ahead of its results release for the first half of 2003, which revealed both turnover and EBITA to be stronger than expected.The broadcaster reported overall turnover of £734 million, slightly above analysts expectations (Morgan Stanley predicted £724 million). Content revenues were the main driver of growth at… Continue reading Sharewatch: Granada Falls Ahead Of 1st Half Results