Independent News & Media (INM) has this morning posted a positive set of financial results for 2002, with like for like pre-tax profits rising by 8% to €129.0 million.The group, which publishes the Independent in the UK, said that overall newspaper revenues were up 0.7% in constant currencies, but down 3.2% in real terms across… Continue reading Independent News & Media Sees Profits Rise By 8%
Telewest Broadband is launching trials of a new two megabyte version of its Blueyonder internet service, which it claims will be the UK’s fastest unlimited home internet product.The pilot service offers a continuous cable connection to the internet, which Telewest claims is 40 times faster than traditional dial-up services and four times more powerful than… Continue reading Telewest Trials UK’s Fastest Broadband Service
Fusion Radio sales is set to transfer all of its operations to First Radio Sales, formerly Clear Channel Radio Sales, from the end of this month.The move is likely to be seen as a precursor to the consolidation expected across the industry when the Communications Bill relaxes the radio ownership regulations later this year (see… Continue reading Fusion Radio Sales To Merge Into First Radio Sales
Capital Radio has said that it expects its radio revenues to decline by 3% in the three months to March 2003, following a 6% drop in the final quarter of last year.The group said in a trading statement this morning that the figures will result in a 5% decline in advertising revenues for the six… Continue reading Capital Sees Revenues Down 5% In First Half
NatMags’ fledgling teen title, CosmoGIRL!, is relaunching with a series of new editorial features and the handbag-sized format made popular by Condé Nast’s Glamour.The newly re-sized teen title will debut this May, with a free covermounted black or khaki bag for each reader. The move, instigated by publishing director Jan Adcock and editor Ceilia Duncan,… Continue reading CosmoGIRL! Relaunches With New Handbag Size
The number of digital television households worldwide is set to rise by almost 20% this year, according to the TV International Sourcebook 2003 from Informa Media Group.Also On MediaTel Insight Today…Independent News Sells UK Regional Papers To NewsquestIndependent News & Media (INM) is selling its UK regional newspaper assets to Newsquest for £60 million, the… Continue reading MediaTel Insight: Digital TV Now Welcome In More Homes
German media corporation Bertelsmann yesterday announced a 63% increase in earnings for 2002 but profits slipped as a result of the costly acquisition of record label Zomba. According to its annual report, net income at Bertelsmann fell to €928 million from €1.24 billion in 2001. This came despite an rise in operating EBITA from €573… Continue reading Bertelsmann Sees Earnings Jump In 2002
Cable & Wireless, the troubled UK telecoms firm, appears to have averted a crisis after agreeing a deal with the Inland Revenue that will settle a £1.5 billion tax dispute. According to a statement, C&W will pay £380 million to the Revenue to cover outstanding corporation tax liabilities for the ten years to March 31… Continue reading C&W Settles Tax Dispute With Revenue
Capital Radio has said that it expects its radio revenues to decline by 3% in the three months to March 2003, following a 6% drop in the final quarter of last year (see Capital Radio Ad Revenue Falls 6% In Q4 2002). The group said in a trading statement this morning that the figures will… Continue reading Capital Sees Revenues Down 5% In First Half
Independent News & Media (INM) has this morning posted a positive set of financial results for 2002, with like for like pre-tax profits rising by 8% to €129.0 million. The group, which publishes the Independent in the UK, said that overall newspaper revenues were up 0.7% in constant currencies, but down 3.2% in real terms… Continue reading INM Profits Rise 8%, Confident Outlook For 2003
