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Culture Secretary Tessa Jowell has spoken in the House of Commons this morning about the collapse and imminent sale of ITV Digital. She confirmed that the sale will go ahead saying that “the usual commercial processes must take their course”. ITV Digital subscribers will continue to receive free-to-air services although pay TV services “will last… Continue reading Jowell Laments Demise Of “Brave Commercial Enterprise”

In a trading update released this morning Pearson has revealed that advertising revenue across the Financial Times group has been ‘significantly lower’ for the first four months of this year, compared to 2001. In March, Pearson warned that the ad market would remain flat in 2002 (see Ad Market In 2002 Will Be ‘Flat’ Says… Continue reading FT Revenue Decline Hits Pearson Profits

Carlton and Granada, which have confirmed that they are offering the business and assets of ITV Digital for sale with immediate effect (see Administrators Confirm ITV Digital Sale), saw shares fall yesterday. Carlton was down 0.21% to close at £2.41, while Granada slipped 1.20% to finish at £1.23˝p, a loss of 1˝p on the day… Continue reading Sharewatch

An agreement has been reached between representatives from the entertainment and consumer electronics industries and US legislators on a system to prevent digital television broadcasts from being pirated over the internet. Executives from companies such as AOL Time Warner and News Corp have participated in the talks with the House Energy and Commerce Committee. They… Continue reading ‘Pirating Pact’ Brings US Digital A Step Closer

Independent outdoor media company Poster Publicity has launched a media analysis and technology firm called Media Intelligence, which it hopes will become a valuable resource for the global media and advertising industry.The company, which has already carried out projects for Metro International, OMD and Starcom Motive, will specialise in developing media technology systems, global media… Continue reading Poster Publicity Launches Media Intelligence Outfit

The best performance in yesterday’s media market came for Cordiant, which despite announcing earlier in the week that pre-tax profits more than halved in 2001 (see City News From MediaTel Insight- Reuters, WPP and Cordiant), saw shares rise 18.59% to close at 92˝p, an increase of 14˝p on the day before.Telewest, which has announced plans… Continue reading Sharewatch

Massive first quarter losses at AOL Time Warner, $54.24 billion or $12.25 a share, were partially offset by gains at Warner Bros thanks to films such as Harry Potter and The Lord Of The Rings, enabling the company to beat analyst projections. The weak online advertising market contributed to a fall of 13% in total… Continue reading Box Office Success Offsets AOL Time Warner Losses

BT has launched the latest volley in the battle for broadband supremacy, by launching a “no-frills” product which it hopes will result in 500,000 additional connections by summer 2003.The service, which will be widely available in autumn this year, will separate access to the internet from value-added services, allowing customers to have broadband internet access… Continue reading BT’s ‘No Frills’ Service Ups Broadband Stakes

Highbury House Communications released a trading statement this morning ahead of its AGM which revealed that the company is on target to achieve market forecasts for 2002. The company said that trading had improved “progressively after a slow start to the current year, reflecting a significant improvement on the trading conditions that we experienced in… Continue reading Highbury House On Target To Meet 2002 Forecast

Administrators Confirm ITV Digital SaleIn a statement released this afternoon, the administrators of ITV Digital have confirmed that they are offering the business and assets of the company for sale with immediate effect.They confirmed that they have not been able to secure additional funding “on terms that would enable them to commit to a long-term… Continue reading Administrators Confirm ITV Digital Sale