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AOL Time Warner has admitted for the first time that some of the revenues at its America Online division could have been wrongly attributed. The company said in a statement that three payments totalling $49 million may have been “improperly recognised” as advertising revenue. The transactions took place between the last quarter of 2000 and… Continue reading AOL Identifies Accounting Irregularities

Net loss at News Corp hit $1.7 billion for the fourth quarter, up considerably on the $265 million loss of the same period the previous year; full year loss rose from $45 million to $6.3 billion. Net profit fell by 8.0% to $636 million for the year. Excluding write-downs, revenues increased 10.0% to $15.2 billion.The… Continue reading Write-Downs Hammer News Corp Figures

Net loss at News Corp hit $1.7 billion for the fourth quarter, up considerably on the $265 million loss of the same period the previous financial year; full year loss rose from $445 million to $6.3 billion. Net profit fell by 8.0% to $636 million for the year. Excluding write-downs, revenues increased 10.0% to $15.2… Continue reading Write-Downs Hammer News Corp Figures

Until now UK consumers have been relatively slow to catch on to the benefits of high-speed internet access, with steep connection charges deterring all but the early adopters. However, the broadband roll-out is rapidly gaining momentum and with penetration increasing, advertisers are beginning to realise the potential of broadband Britain.Figures from Continental Research show that… Continue reading Feature: Jumping On The Broadband Wagon

Revenues at debt-laden cable company, NTL, remained pretty flat in the second quarter of the year, dropping slightly by just 1.1% to £627 million, according to the company’s financial results released today. Earnings rose by 51.3% to £174 million over the period. These results are posted against a backdrop of debt and impending recapitalisation which… Continue reading NTL Revenues Fall Slightly As Recapitalisation Approaches

Revenues at debt-laden cable company, NTL, remained pretty flat in the second quarter of the year, dropping slightly by just 1.1% to £627 million, according to the company’s financial results released today. Earnings rose by 51.3% to £174 million over the period.These results are posted against a backdrop of debt and impending recapitalisation which the… Continue reading Revenues Fall Slightly As Recapitalisation Approaches

VNU, the multinational publisher and information company has bucked the trend of disappointing media financial results and announced a robust growth in profits for the first half of 2002. Net income increased from â‚Ź75.5 million to â‚Ź93 million in the space of a year and VNU was able to reduce its debt from â‚Ź4.2 billion… Continue reading VNU Posts Strong First Half Results

The Mobile Marketing Association (MMA) has amended its code of conduct to offer mobile phone users greater protection against unsolicited SMS adverts.The revised code, which is intended to be a benchmark for all companies using mobile as a marketing medium, now incorporates a list of mobile marketers’ responsibilities, opt-in and opt-out guidelines and consumer consent… Continue reading MMA Amends Code Of Conduct To Protect Against Spam

UK radio operator, Wireless Group, has halved its losses and is currently enjoying strong ad revenue growth, according to financial results for the six months ended 30 June 2002, released this morning. Pre-tax loss at the group halved, down from £17.5 million for H1 2001 to £8.9 million this time. The group also produced its… Continue reading World Cup Gives Wireless Group First Profit

Wireless Group chairman, Kelvin MacKenzie, has renewed his criticism of RAJAR’s diary system of audience measurement, this time over an “unexplained” decline in radio listening in London during the World Cup.MacKenzie claims that Wireless Group-owned talkSPORT suffered a 37.6% period on period drop in male London listeners during the second quarter of 2002, but says… Continue reading MacKenzie Renews Criticism Of RAJAR’s Diary System