Trinity Mirror’s revamp of the Mirror and other main national titles is unlikely to result in any substantial increase in circulation, according to analysts at Merrill Lynch.The broker says that whilst the rationale behind the strategy is sound (adding that something does need to be done after “years of mismanagement”), the paper is unlikely to… Continue reading Mirror Revamp Unlikely To Bear Fruit In Declining Sector
Vivendi Universal has entered discussions with its bankers in an attempt to secure the funding necessary to take control of Cegetel, the French telecoms firm. A report in the Financial Times claimed that the indebted media group plans to head off a challenge from Vodafone and launch a bid for BT’s 26% stake in Cegetel.… Continue reading Vivendi Seeks New Funds For Cegetel Bid
Premiere, the German pay-TV operator that was held responsible for the collapse of the Kirch Group, has announced a sharp fall in third quarter losses as it attempts to attract a buyer (see Struggling Premiere Goes Under The Hammer). A cost cutting programme instigated by chief executive Georg Kofler saw net losses go down by… Continue reading Premiere Boss Steadies The Ship
ITV Digital, the defunct pay-TV operator, has been put into liquidation and the trail of creditors which includes BSkyB, the Football League and Crown Castle International will see little of the £1.25 billion due to them. Liquidator Grant Thornton has valued the company’s remaining assets at £27.3 million, a paltry sum compared with the £1… Continue reading ITV Digital Creditors Lose More Than £1 Billion
Advertising network, Interpublic Group, last night sent tremors through Wall Street and the New York Stock Exchange, after indicating that its 2002 earnings will be much lower than had been anticipated. To add to its woes, Interpublic, the world’s second largest network of advertising companies, is also implicated in America’s recent flurry of corporate accounting… Continue reading Interpublic Earnings Warning Shocks Markets
Media stocks were under pressure on Wednesday after a profit warning from Reuters and widespread profit-taking across London equity markets.Reuters saw the sector’s biggest loss with shares slipping 22.72% to a 12-year low. According to reports, the stock has fallen 76% this year as subscription levels from its core investment banking business continue to slide.… Continue reading Sharewatch
BBC1 gained its highest Wednesday night audience for over a year last night with a peak of 10.6 million people tuning in for the England versus Macedonia Euro 2004 qualifier.The average audience for the BBC’s coverage of the game was 9.3 million, which equates to a 39% share of viewing. Despite the record viewing figures… Continue reading BBC Scores With England’s Disappointing Draw
The Chrysalis-owned Galaxy Network is launching a six-figure TV ad campaign aimed at extending its reach amongst youth consumers.The campaign launches tomorrow across the MTV network, E4, Trouble and Bravo. It includes three different executions, all of which feature the strapline “The dance and R&B you salute” against a soundtrack of core Galaxy artists including… Continue reading Galaxy Targets Youth Consumers With Six-Figure TV Push
BT has joined forces with Sky to offer discounted high-speed internet access as part of its effort to reach 5 million broadband users by 2006.The deal will give new and existing subscribers to Sky Digital £80 off the price of equipment for BT Broadband. It builds on the reciprocal relationship between the two companies, which… Continue reading BT Teams Up With Sky For Cut Price Broadband Promo
The BBC has unveiled the logo for its new digital youth channel, BBC3, which is due to launch early next year.The logo spells out the word “three” in slanted blue print and is the first part of the new BBC3 brand identity, the cost of which is rumoured to have run into six-figures. Developed by… Continue reading BBC Unveils Logo For New Digital Youth Channel
