Advertising revenues at the Telegraph Group continued their downward spiral during the second quarter of 2002 as the ailing recruitment market showed no signs of recovery.The Hollinger International Group, which publishes the Daily Telegraph and Sunday Telegraph, announced that advertising income between April and June had fallen 3.8% to £52.7 million, compared with £54.7 million… Continue reading Telegraph Revenues On The Slide
Reed Elsevier today reported a dip in profits for the first half of 2002 but remains confident that it can reach full-year targets of above market revenue growth.A drop in advertising income led to pre-tax profits falling 3% to £398 million. However, this figure was at the upper end of analysts’ estimates and overall revenues… Continue reading Reed Profits Down 3%, But Outlook Remains Promising
Reed Elsevier today reported a dip in profits for the first half of 2002 but remains confident that it can reach full-year targets of above market revenue growth. A drop in advertising income led to pre-tax profits falling 3% to £398 million. However, this figure was at the upper end of analysts’ estimates and overall… Continue reading Reed Profits Down 3%, But Outlook Remains Promising
Advertising revenues at the Telegraph Group continued their downward spiral during the second quarter of 2002 as the ailing recruitment market showed no signs of recovery. The Hollinger International Group, which publishes the Daily Telegraph and Sunday Telegraph, announced that advertising income between April and June had fallen 3.8% to £52.7 million, compared with £54.7… Continue reading Telegraph Revenues On The Slide
UK cable group, Telewest Communications, is understood to be meeting with its bank this week to discuss the expected restructure of its £5.3 billion debt burden (see Telewest Moving Closer To Debt Swap Agreement). The Times today reports that £2.25 billion of debt could waived as early as next week, in the first step toward… Continue reading Telewest Debt Waiver Is On The Cards
Media communications and market research network, Aegis Group, has acquired Sample Surveys, one of the largest independently owned custom market research agencies in the UK. Aegis will pay an initial £5.4 million cash, with a deferred consideration of up to £1.8 million, subject to the performance of Sample Surveys over the next three years. The… Continue reading Aegis Acquires UK Market Research Firm
AOL Time Warner yesterday confirmed the appointment of Jonathan Miller as the chief executive of its internet arm, America Online. Miller, a former head of USA Interactive, succeeds Robert Pittman, who stepped down last month after failing to revive the fortunes of the struggling web business (see COO Quits AOL Time Warner). The new CEO… Continue reading AOL Appoints New Online Chief
Lastminute.com, the online retailer, today announced narrowing losses and pledged to achieve profitability in the next quarter. The UK internet company revealed pre-tax losses of £3.9 million for the three months to June, compared with £9.2 million for the same period in 2001. This was also an improvement on the £5.2 million deficit recorded in… Continue reading Lastminute Strives To Get In The Black
The Advertising Standards Authority has ordered Inventive Leisure to withdraw a postcard promoting Revolution Night-club in Bristol.The postcard advertising Sunday offers at the bar featured a picture of a cross and a bottle above the phrase “the Holy Spirit”. The other side of the card advertised Bloody Mary’s and claimed to offer “the Sunday service… Continue reading ASA Orders Withdrawal of Inventive Leisure postcard
Telewest, which last week reportedly demanded the resignation of its chief executive, Adam Singer (see Telewest Chief Executive Removed In ‘Boardroom Coup’), was one of the worst performers in yesterday’s media market. Shares were down 12.5% to close at 1žp, a loss of źp on the day before.Trinity Mirror, which announced last week that pre-tax… Continue reading Sharewatch
