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In a statement this morning WPP announced that it had extended the deadline on its Tempus offer until midnight on 29 October whilst discussions with the Takeover Panel continue. WPP has sought to invoke the ‘material adverse change’ clause in its initial offer following the terrorist attacks on the US which, it claims, seriously damaged… Continue reading WPP Extends Tempus Offer Pending Takeover Panel Decision

WPP, which is still awaiting a decision as to whether it will be allowed to back out of its deal with Tempus (see WPP Seeks Escape From Tempus Deal), was the best performer in yesterday’s FTSE 100. Shares were up 8.38% to finish at £5.36˝, an increase of 41˝p on the day before.Shares in Carlton… Continue reading Sharewatch

Shares in ITV companies began to fall this morning as analysts at Merrill Lynch cut their forecasts for the Network’s advertising revenues. Reports quote the broker as pulling back 2001 growth from -14.5% to -15.5%; 2002 figures are understood to have been revised from -2.0% to -2.5%. Poor advance bookings for December are thought to… Continue reading ITV Stock Hit By Merrill Lynch Downgrades

A consultation asking for views on how to regulate the media industry will be published next month, it was announced yesterday by Culture Secretary Tessa Jowell, but in a speech in Belfast, while supporting the idea of building a competitive market, she hinted that support for a reduction in the plurality of ownership could be… Continue reading Jowell Announces Communications Consultation

Worldwide business to business (B2B) e-commerce is to grow by 83% this year to a value of $516 billion, according to a report released on 10 October by IDC. The longer term growth forecast shows the value of B2B e-commerce rising from $282 billion in 2000 to $4.3 trillion by 2005 – a compound annual… Continue reading Worldwide B2B E-Commerce To Hit $4.3 Trillion By 2005

ITV is moving The Premiership from its 7pm slot to a later time of 10.30pm, after the sports highlights programme failed to attract enough viewers. A move of this nature has been predicted by media-watchers ever since the timing of the new show was announced, and disappointing audience figures have added weight to the argument… Continue reading ITV Relegates Premiership

Wireless internet access is on the rise, according to research company IDC. A report released last week – US Wireless Internet Subscriber Forecast and Analysis, 2000-2005 – predicts that the number of wireless Net subscribers will reach 84 million by 2005, representing a compound annual growth rate (CAGR) of 73% from the 5 million users… Continue reading US Wireless Internet Users To Number 84 Million By 2005

Cinema saw another successful month in terms of admissions during September, with a 13.5% rise year on year bringing the total to 10.6 million, and putting the industry on course to reach the Cinema Advertising Association’s (CAA) predicted year end total of 148 million, having reached an admissions total of 113 million during the year… Continue reading Cinema Enjoys Successful September

According to the latest eCommercePulse survey from Nielsen//NetRatings, online buying will rise by over 40% this Christmas reaching $9.9 billion compared to $6.9 billion last year. The report forecasts that in excess of 106 million people will shop online in December 2001, 27% more than the 85 million who bought online in 2000. “The number… Continue reading Online Spending This Christmas Will Net $10 Billion

Viacom Outdoor has published a report showing that after a national bus advertising campaign 40% of adults remember seeing a specific advert.The “Wisdom” report, which brings together three years of research from Viacom’s planning and insight team at a cost of £500,000, is designed to help advertisers predict the effect of their bus advertising campaigns.The… Continue reading Viacom Publishes Bus Ad Research