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According to New York media analyst Jack Myers, the demand for TV advertising in the 2002/03 season will remain flat with advertisers spending around $10.9 billion on advance purchases, the same as was spent last year. US TV Revenue Forecasts ($ billions)     2001  2002 (F)  % Change  Total Broadcast 6.93 6.70 -3.3% Total Cable… Continue reading US TV Revenue Forecasts Fall Flat

Viacom has reported Q1 revenues of $5.67 billion as compared with $5.75 billion for the same period 2001. The company’s first quarter 2002 performance was led by higher results in its Cable Networks, Video and Entertainment segments. Viacom chairman and CEO, Sumner Redstone said; “ViacomÂ’s first quarter results highlight the breadth and diversity of our… Continue reading Viacom Predicts Q2 Revenue Growth

Kelvin MacKenzie is once again to attack RAJAR’s diary system of audience measurement with the launch of what is claimed to be the first parallel study in the UK, comparing a diary method of recording radio listening with an electronic wrist watch device.Wireless Group chief executive MacKenzie, in his signature inflammatory style, has stated: “This… Continue reading MacKenzie Launches More Electronic Measurement Tests

Vivendi chief executive Jean-Marie Messier survived his company’s AGM meeting yesterday afternoon, despite calls from minority shareholders and staff at Canal+ for his resignation (see Troubled Times For Vivendi’s Messier). As expected the Vivendi board backed Messier and it is thought that he was able to convince shareholders that he has full control of company.… Continue reading Messier Holds Position At Vivendi As Figures Beat Expectations

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

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

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

Box Office Success Offsets AOL Time Warner LossesMassive 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… Continue reading Box Office Success Offsets AOL Time Warner Losses

Following the announcement this afternoon confirming that ITV Digital’s administrator intends to undertake a short term sale process for its business assets, the ITC has issued the following statement:“The ITC regrets that the Administrator is unable to secure funding for an orderly takeover of the ITV Digital business. We have informed him that at the… Continue reading ITC Issues Statement Regarding ITV Digital Sale

The amount of violence being shown on prime-time terrestrial TV has increased over the last four years, according to a report published today by the BBC, the BSC and the ITC.The report, which monitored TV output over two seven-day periods in 2001 and 1999 and compared it to similar periods in 1997 and 1998, shows… Continue reading Watchdog Report Shows Rising TV Violence