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Telewest Communications has signed up more than 107,000 broadband internet customers – representing an annual growth of 1,135%, the cable operator announced this morning. At this point last year Telewest was selling 380 broadband connections a day on average; now it is shifting 900 per day. This shows a burgeoning interest from UK consumers in… Continue reading Telewest Signs Up 107,000 Broadband Internet Customers, Losses Deepen

Carlton Communications chairman Michael Green, today told the company’s AGM that the advertising market remains weak and that he is unable to predict with any uncertainty the timing of a resumption in growth. Nevertheless, Green reassured that Carlton is well-positioned to benefit from a recovery in demand for advertising, when it does transpire. ITV revenues… Continue reading ITV Revenues Predicted To Be 12% Down In Five Months To February

The Boards of Carlton Communications and Granada last night said that a “fundamental restructuring of ITV Digital’s cost base must be concluded as a matter of urgency in order to secure the long term future of the business.” The financial viability of the troubled digital terrestrial business has been the subject of speculation for some… Continue reading ITV Digital Requires ‘Urgent Fundamental Restructuring’ Say Owners

Cable operator NTL and satellite TV group BSkyB yesterday criticised the Office of Fair Trading for its lengthy process in electing not to make a decision about a programming deal between the two groups, opting instead to simply close the file. The proposal from Sky and NTL was to allow the wholesale of premium content… Continue reading Pay-TV Groups Disappointed With Sluggish OFT

Trinity Mirror, the UK’s largest newspaper group, has warned that difficult advertising conditions are set to continue throughout this year, although the company is expecting a strong underlying performance. Pre-tax profit at the company rose by 0.9% to £155.5 million, whilst turnover increased by 4.8% to £1.1 billion for the year ended 30 December 2001.… Continue reading Trinity Mirror Results Beat Expectations, Mirror Relaunch Announced

Combined revenue generated by the ‘big three’ US television – ABC, CBS and NBC – networks dropped more than 10% in 2001 – the largest annual loss in network history, according to a Hollywood Reporter story published today. Quoting the Broadcasting Cable Financial Management Association, the site says that this decline is a further indication… Continue reading ‘Big Three’ US TV Networks Suffer Record Revenue Falls

Carlton Communications chairman Michael Green, today told the company’s AGM that the advertising market remains weak and that he is unable to predict with any uncertainty the timing of a resumption in growth. Nevertheless, Green reassured that Carlton is well-positioned to benefit from a recovery in demand for advertising, when it does transpire. ITV revenues… Continue reading ITV Revenues Predicted To Be 12% Down In Five Months To February

The Boards of Carlton Communications and Granada last night said that a “fundamental restructuring of ITV Digital’s cost base must be concluded as a matter of urgency in order to secure the long term future of the business.” The financial viability of the troubled digital terrestrial business has been the subject of speculation for some… Continue reading ITV Digital Requires ‘Urgent Fundamental Restructuring’ Say Owners

Combined revenue generated by the ‘big three’ US television – ABC, CBS and NBC – networks dropped more than 10% in 2001 – the largest annual loss in network history, according to a Hollywood Reporter story published today. Quoting the Broadcasting Cable Financial Management Association, the site says that this decline is a further indication… Continue reading ‘Big Three’ US TV Networks Suffer Record Revenue Falls

Carlton Communications, which had done well in the first few days of this week, lost its appeal somewhat with the announcement that merger talks with Granada were off (see Carlton And Granada End Merger Talks). Shares in Carlton slipped 7p or over 3% over the course of the day, ending at £2.21. Granada did better,… Continue reading Sharewatch