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Advertising growth will remain ‘muted’ for the next few years and will not show a great return to strength by the end of 2002, as some industry observers have hoped. This is the opinion of media analysts at ABN Amro, who in a report released at the end of last week, state that consumer and… Continue reading Global Media Recovery Will Not Bounce Back But Come Slowly, Says ABN Amro

IPC is extending its portfolio of home interest titles with the launch of a new homes and interiors magazine called Creating Beautiful Homes.The title, which will go on sale on 7 February with a cover price of £2.75, is being launched as a spin off from IPC’s 25 Beautiful Homes, which saw circulation rise by… Continue reading IPC Unveils New Home Interest Title

US newspaper advertising has remained soft since 11 September and looks weak going into 2002, according to analysts at ABN Amro. The broker warns that whilst there is some expectation that an early recovery will transpire, it is likely that there there will be a retraction by advertisers as it becomes clear that a late… Continue reading US Newspaper Revenues Remain Weak In Early 2002

The European Information Technology Observatory (EITO) has compiled its 2002 trends and forecasts statistics on the worldwide and European information and communications technology markets (ICT) markets. The research group notes that 2001 was a difficult year for the global economy and for the ICT industry, but argues that Europe continues to progress towards the e-economy.… Continue reading Ecommerce, Technology, IT And Internet Forecasts From EITO

Chase Carey, CEO of Sky Global Networks, has resigned from his position at News Corp following the failure of the group’s bid for DirecTV (see Insight Analysis: Murdoch Walks Away From ‘Dream’ DirecTV Deal). Carey had been instrumental in negotiating a number of successful deals whilst at News Corp including the acquisition of Star TV… Continue reading Sky Boss Leaves Following DirecTV Failure

Virgin Radio breakfast show presenter Steve Penk is believed to have quit the station just seven months into his three-year contract.Penk, who took over the breakfast show last June following the controversial departure of Chris Evans (see Virgin Terminates Evans’ Contract), is thought to have walked out after disagreements over the format of the show.A… Continue reading Penk Set To Depart Virgin Breakfast Show

Ulster Television has this morning announced an agreement with ITV Digital allowing the broadcast of ITV2 in Northern Ireland. UTV2, UTV’s digital TV offering, has now been closed to allow ITV2 to begin broadcasting on the digital multiplex. It is anticipated that the closure of UTV2 will save UTV approximately £350,000 a year, ITV2 will… Continue reading Ulster TV Cedes To ITV Digital

Jupiter MMXI has published its first report charting UK internet usage both at home and at work and has revealed that over 18 million people accessed the internet from these locations during December 2001.Jupiter MMXI’s international research director, Jonathan Jephcott, said: “The release of the combined work and home data provides the media industry with… Continue reading Jupiter MMXI Unveils Combined Internet Data

Taxi Media has secured a deal with UBS Warburg to promote the Andy Warhol exhibition at the Tate Modern in London.The deal, which will run from 4 February to 4 March, is the company’s first month-long fully liveried campaign and will feature 16 red liveried taxis carrying Andy Warhol’s signature as well as details of… Continue reading Taxi Media Moves Into Modern Art

According to the latest Forrester Online Retail Index, total US spending on online sales increased from $4.9 billion in November to $5.7 billion in December. The number of households shopping online increased from 16.8 million in November to 18.7 million in December and consumers spent an average of $304 per person in December, compared with… Continue reading US Online Shopping Totals From Forrester