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Bertelsmann, Germany’s largest media company, today announced third quarter losses of E384 million but has expressed confidence that business will pick up in the last few months of the year. Bertelsmann, whose interests include Channel 5 owner RTL, made an operating profit of E102 million but accounting write-downs meant that the company’s net debt had… Continue reading Bertelsmann Upbeat Despite Mounting Debts

The media sector was mixed on Wednesday as traders awaited key interest rate decisions and after trading closed, the US Federal Reserve slashed rates by 0.5%, enhancing hopes of a similar move by the Bank of England today.Reuters was the market’s big story as a result of unusually heavy turnover in shares which prompted speculation… Continue reading Sharewatch

Carlton and Granada are poised to take the plunge and propose a single ITV sales house to the Office of Fair Trading (OFT), according to reports today. It is understood that the submission will arrive at the OFT at the end of the month. However, it is widely expected that any merger will be referred… Continue reading ITV Ready To Push For Single Sales House

NTL UK’s managing director, Stephen Carter, has confirmed he is to step down from his role at the end of the year, prompting speculation that he is eyeing the chief executive role at Emap.Barclay Knapp, CEO of NTL said: “Over the past two years Stephen has achieved a great deal at NTL. We are now… Continue reading Stephen Carter To Step Down From NTL

Net losses at debt-laden cable operator, Telewest Communications, fell by 34% to £397 million during the third quarter of the year, the company announced in its interim financial results this morning. Whilst turnover rose by 4% to £1.0 billion and operating loss dropped by 25% to £187 million, the company’s debt has risen by 9%… Continue reading Telewest Reduces Losses Ahead Of Restructure

Net losses at debt-laden cable operator, Telewest Communications, fell by 34% to £397 million during the third quarter of the year, the company announced in its interim financial results this morning.Whilst turnover rose by 4% to £1.0 billion and operating loss dropped by 25% to £187 million, the company’s debt has risen by 9% year… Continue reading Telewest Reduces Losses Ahead Of Restructure

UK radio advertising revenues are set to grow at a slight higher rate than the overall advertising market between now and Q2 2004, according to the latest quarterly advertising forecasts from the Advertising Association (AA). The figures show an average quarterly growth of 4.6% between Q1 2002 and Q2 2004 for radio, whilst the overall… Continue reading UK Radio Advertising Forecasts From The AA

The BBC has earmarked Sunday nights for big budget dramas with the announcement of two major projects on BBC1 and BBC2.The two historical adaptations, King Charles II and Byron, will be screened on Sunday nights in November 2003. The move could see the BBC dominating the key Sunday night viewing slot, which is traditionally very… Continue reading BBC Bags Sunday Night Drama Slot

The mobile industry has been urged to concentrate on targeting young women and business orientated men in the battle to convince the public of the merits of GPRS and 3G services. According to analysts at Forrester Research, only 20% of European mobile users will adopt 2.5G and 3G applications in the next two years. This… Continue reading Next Generation Mobile Still A Turn-Off, Says Forrester

Carlton and Granada are poised to take the plunge and propose a single ITV sales house to the Office of Fair Trading (OFT), according to reports today.It is understood that the submission will arrive at the OFT at the end of the month. However, it is widely expected that any merger will be referred to… Continue reading ITV Ready To Push For Single Sales House