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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 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

The crisis at Vivendi Universal deepened yesterday when the French-American media giant announced first half losses of E12.3 billion. The firm has now embarked on a major asset disposal programme after admitting that it needs to raise at least E10 billion in the next two years. Vivendi is reeling from the legacy of acquisitions made… Continue reading Record Losses Force Vivendi To Hawk Assets

It was a lacklustre day for media companies yesterday, with the majority seeing share prices fall. Capital saw the most significant downward movement with stock slipping 7.43% to close at £4.67˝p, a loss of 37˝p on the day before.Pearson also fared poorly yesterday with shares dropping 5.45% to finish at £5.29, down 3˝p on the… Continue reading Sharewatch

Outdoor Advertising revenue for the second quarter of 2002 declined by 1.9% year on year to £173.6m, according to the Outdoor Advertising Association.The results show a steady improvement from the 10.9% year on year drop in first quarter of 2002. Although, overall the figures revealed a 6.2% decline in the first six months of 2002,… Continue reading Outdoor Advertising Association Sees Signs Of Recovery

ITV’s advertising revenues are looking set to be up by 6.0% in August, better than Merrill Lynch analysts’ expectations, which had put the growth at 3.0%.Early figures for September show ITV up 0.5% in a strong TV market which will be up by 7.0% to 9.0%. ITV says that it had very few cancellations following… Continue reading Second Half Forecasts Put ITV Revenue Down 1.4% In 2002

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

Emap Performance is to broadcast all six of its music channels on NTL Digital in Ireland, in the first international deal of its kind for the company.The channels, which were previously only available in Ireland through Sky Digital, will launch later this month meaning that The Box, Kiss TV, QTV, Smash Hits, Kerrang TV and… Continue reading Emap TV Increases Digital Viewers With NTL Deal

ABC consumer magazine figures for the January-June 2002 period have brought the news which must have been dreaded at the National Magazine Company ever since Condé Nast’s Glamour made its spectacular entrance to the market. Cosmopolitan, top dog among the women’s glossies for much of its thirty year history, has been toppled by its diminutive… Continue reading ABC: Cosmopolitan Beaten By Glamour

After 5pm today the concurrent release of ABC’s consumer magazine figures for the period January to June 2002 will be available to subscribers in MediaTel’s Press database. During Friday 16 August NewsLine will feature a series of sector reports based on these figures. The following notes refer to the criteria used to compile these reports:The… Continue reading Important Notes: ABC Jan-Jun 2002