Pace Micro Technology, the set-top box manufacturer, announced today that profits had fallen 70% year on year, reflecting a lack of growth in the digital TV market.The demise of ITV Digital and the continuing problems faced by debt-ridden cable companies have impacted on Pace which is to cut 180 jobs as part of a drive… Continue reading Falling Profits Force Pace To Take Action
The advertising market is improving more quickly than was predicted just a few months ago, Doug Flynn, CEO of Aegis, has told the Wall Street Journal in interview. The paper reports that Aegis is now expecting US adspend to rise 1.5% in 2002, up from a previous forecast of -0.2%. Whilst Asia is also predicted… Continue reading Aegis Chief Sees Improvement In Media Spending
There will be approximately 27 million ‘e-workers’ across Europe by the end of the decade, according to the UK Institute for Employment Studies (IES). Currently, more than 9 million people, or 6% of the entire European workforce, have a job which involves an element of IT. By 2010, this will have risen to a sixth… Continue reading Number Of Euro ‘E-workers’ To Treble By 2010
The market’s fear of the internet, prevalent since the collapse of the dotcom ‘bubble’, may now be showing signs of waning, as the number of company closures begins to fall. The fall-out of the internet and technology markets over the last couple of years has led to the demise of a large number of companies,… Continue reading Insight Analysis: Is Investor Confidence In The Web Returning?
By 2006, Germany will have overtaken the UK to become Europe’s most profitable digital pay-TV market, according to business information company, Datamonitor. The UK market was rated the most valuable in Europe last year, bringing in $3.5 billion in revenues. By contrast, the preponderance of free to air channels and licence free public funded channels… Continue reading Germany Set To Take Digital Crown
After much speculation over its future, Attic Futura is set to be bought by the French media group, Hachette Filipacchi for around £40 million. The UK publisher was put up for sale last year by its Australian owners, PMP. However, the German company, H Bauer soon pulled out of the bidding and a proposed £55… Continue reading Attic Futura Set To Go Continental
WPP’s Ogilvy Public Relations Worldwide division has acquired 70% of Era Public Relations Company, one of Taiwan’s leading technology-specialist public relations firms, the group announced this morning. Era provides communications services to blue-chip clients including Hewlett Packard, Dell Computer and Oracle and reported revenues of US$1.5 million for the year ended 31 December 2001 and… Continue reading WPP Acquisition Builds Asia-Pacific PR Network
Pace Micro Technology, the set-top box manufacturer, announced today that profits had fallen 70% year on year, reflecting a lack of growth in the digital TV market. Pre-tax profits, before one-off costs, for the year to June totalled £13.1 million, down from £44.3 million for the same period last year. Similarly, sales dropped by a… Continue reading Falling Profits Force Pace To Take Action
Despite expectations of the beginning of a recovery in advertising market conditions in the second half of the year, the outlook still remains decidedly unclear. A US mid-year media conference last month heard key players talk about the bottom of the recession, rather than the beginning of a period of genuinely strong growth. This assessment… Continue reading Insight Analysis: Media Healthcheck – June 2002
Faster internet connections and lowering prices will not be enough to induce the widespread adoption of broadband services in the UK, says a new report from PPAinteractive. In the past month, BT, AOL and Telewest have all introduced new high-speed internet services and according to a recent report from Oftel (see Cheap UK Broadband Internet… Continue reading Broadband Providers Must Look Beyond Price, Says PPAi
