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According to press reports this morning SMG is considering a £60 million write-down of its stake in Scottish Radio Holdings in response to pressure from its auditors. In a buoyancy market, between December 2000 and May 2001, SMG gradually increased it hold in SRH building a 29.5% stake at a cost of £147 million. Analysts… Continue reading SMG Counts The Cost Of SRH Investment

Peter “Baz” Bazalgette has called for the Government’s analogue switch-off target of 2006-2010 to be abandoned, claiming that it is “unrealistic and distorts policy making”. The chairman of Endemol UK and non-executive director of Channel 4, writing in today’s Guardian, added that “an early switch-off as a government objective encourages digital platform-owners to hope for… Continue reading Bazalgette Calls For End To Switch-Off Target

Research company Taylor Nelson Sofres released full year results for 2001 this morning revealing profits up slightly ahead of expectations. Pre-tax profit was up 15% before goodwill charges rising from £37.8 million in 2000 to £43.5 million. Underlying growth was 6.1% for the year ahead of estimated market growth of 5%. Revenue Growth In Specialist… Continue reading Taylor Nelson Sofres Confident Of ‘Steady’ Growth In 2002

Last week saw Granada’s chief executive Steve Morrison defending ITV from charges of “structural decline” (see Granada Chief Denies ITV’s “Structural Decline”) as concerns, in particular regarding the ITV digital platform continued. In addition, at the end of the week Granada announced that its joint venture with Littlewoods, Shop! is to close (see Granada And… Continue reading Sharewatch

In results released this morning, Ulster Television plc has revealed an increase in group operating profit to £13.6m, up from £13.4m last year, despite the prevailing conditions. Overall advertising revenue for the ITV network was down by 13.5% in 2001, UTV managed a drop of just 6.1% thanks, said the company, to stringent cost-control produced… Continue reading Ulster TV Emerges Relatively Unscathed From ITV Ad Slump

SMG Counts The Cost Of SRH InvestmentAccording to press reports this morning SMG is considering a £60 million write-down of its stake in Scottish Radio Holdings in response to pressure from its auditors.In a buoyancy market, between December 2000 and May 2001, SMG gradually increased it hold in SRH building a 29.5% stake at a… Continue reading SMG Counts The Cost Of SRH Investment

According to a report in today’s Wall Street Journal, positive signs are emerging for the ad industry with two Wall Street analysts reporting a likely upturn in the market. “We believe the US advertising recession is at its end,” said Leland Westerfield, media analyst at UBS Warburg in New York. “The cyclical recovery appears to… Continue reading US Analysts See Positive Signs In Market Outlook

JCDecaux Downbeat On Early 2002 OutlookJCDecaux has this morning released full year results for 2001 which revealed a 2.1% fall in profits and a downbeat outlook for Q1 2002.EBITDA was down 2.1% to E377.3 million whilst net profits were halved to E10.2 million from E20.4 million in 2001. This, said the group, was due to… Continue reading JCDecaux Downbeat On Early 2002 Outlook

Natmags’ Cosmopolitan magazine has launched motoring website for women called Cosmowheels. The site contains information on buying vehicles including cars, motorbikes and bicycles, alongside information of new and used vehicles for sale.The site was created and is managed by Wheels Link, which acts as agent for a series of Wheels sites including Esquirewheels. Cosmowheels offers… Continue reading Cosmo Launches Women And Wheels Website

ITV is to hold a one-off, invitation-only marketing forum to remind advertisers and agencies of what marketing and commercial director Jim Hytner calls “the magic of television”. Quiz show presenter Chris Tarrant has already been confirmed as the host for the Television Matters event, to be held at Billingsgate on 14 May, while speakers so… Continue reading ITV Plans TV Marketing Forum