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The future of ITV Sport could be endangered unless its £315 million contract with the Nationwide football clubs is renegotiated, according to a report in today’s Financial Times. The paper claims ITV has concluded that the business cannot afford the cost of the contract under the current terms. Analysts at ABN Amro back this assessment,… Continue reading ITV Sport Closure Threatened By Cost Of Nationwide Contract, Says FT

First quarter financial results released by News Corp yesterday show a weakening performance at News International (NI), the company’s UK newspaper publishing division. Operating profits at NI fell by 24% year on year for the quarter and whilst circulation increases post-11 September will boost revenues temporarily, this effect is likely to drop off over the… Continue reading News International Operating Profit Hit By Classifieds Downturn

NTL has reported an increase in losses of 33% in its Q3 results, in line with targets for the year. Revenues were up 15% on Q2, reaching £132 million, whilst pre-tax losses grew to £713 million. The increase in losses is largely as a result of rising interest costs, NTL are struggling with a £70… Continue reading NTL Reports 33% Increase In Losses As Results Fall In Line With Forecasts

Future Network was one of the best performers among the media shares yesterday, its price climbing 1¼p or over 5% to 25½p. The company is due to launch a preview issue of the official UK magazine for the Xbox games console, timed to coincide with the product’s US launch.At the other end of the scale,… Continue reading Sharewatch

Global market research company, Taylor Nelson Sofres (TNS), is to acquire Theatrical Entertainment Services and its sister company RapidChek Reporting (together TES) – the largest US supplier of box office sales and cinema tracking services to the film industry and cinema operators. TNS will pay an initial cash sum of £25.9 million (US$36.8 million) for… Continue reading Taylor Nelson Sofres Acquires US Cinema Ad Tracking Group

The Sunday broadsheets are distinctive from their commuter friendly weekday siblings due to their sections. Only the Sunday Business, which also has the lowest circulation of the group, offers less than six, while the biggest paper by circulation, the Sunday Times, also has the most sections with 12.The advantage to advertisers of these sections is… Continue reading Feature: Sunday Broadsheets

The number of UK homes connected to the internet remained static at 39% during the three-month period ending in August 2001, according to the latest quarterly report from Oftel.The amount of households with access to the web has been growing steadily since January 1999 and this is the first time that there has not been… Continue reading Internet Uptake Flattens In Quarter Three

BARB hosted a forum last night at the Mermaid theatre, Blackfriars, to explain to members of the media industry the technicalities involved in the new research contract (see MRG Evening Meeting: The New BARB Contracts), which launches in full in January 2002.At present BARB is conducting a parallel run in order that the accuracy of… Continue reading BARB Presents New Research System

Freeserve UK has signed e-commerce deals with three of the UK’s best known retail brands in anticipation of an increase in online shopping in the run up to Christmas.The deals with Boots, John Lewis and Tesco are part of Freeserve’s plans to expand its e-commerce portal into a “virtual shopping precinct” intended to attract Christmas… Continue reading Freeserve Gears Up For Online Christmas

Following months of wrangling and speculation WPP has conceded its efforts to withdraw from the take-over of Tempus Group and is now prepared to go through with the £434 million deal.Yesterday the Takeover Panel released a statement detailing their reasons for dismissing WPP’s appeal to withdraw their initial 555p-a-share offer and WPP followed this with… Continue reading WPP Will Buy Tempus