Johnston Press, which yesterday released a pre-close trading update revealing a growth in ad revenue of 1.6% compared to to the same period 2000 (see Johnston Press Bucks Advertising Downturn), saw shares fall 2.96% in yesterday’s market to finish at £3.60, an increase of 11p on the day before.Trinity Mirror continued to see stock slide… Continue reading Sharewatch
Channel 4 is set to make an official statement later today confirming the BBC’s director of programmes, Mark Thompson, as the new chief executive of the channel.Thompson will take over from Michael Jackson, who left the channel last month to take up a job in the States (see Jackson Leaves With Brass Eye Repeat). No… Continue reading Channel 4 Chief To Be Announced
Classicfm.com has signed a six figure deal for content from gardening internet and mail order retail group Greenfingers. Simon Ward, new media and digital director at Classic FM, said that the move was designed to give users of the website “the kind of content they want”, after research showed a desire for more in-depth lifestyle… Continue reading Classic FM Grows Website With Gardening Deal
Over half of the British adult population, or around 25 million people, now use interactive technologies including digital TVs, PCs and WAP phones, an increase of 6% on April 2001, according to a report by MORI.The research shows that the number of people with access to digital TV has grown by around a million in… Continue reading Britain Embraces Interactive Technology
The More Group is to be renamed Clear Channel UK from 1 January 2002. The names of brands under the More umbrella, including Adshel, More O’Ferrall and Taxi Media will not be affected.Stevie Spring, chief executive of the group (right), said: “This is part of our strategy of building a worldwide brand representing outdoor advertising,… Continue reading More Group Renamed Clear Channel UK
Mark Thompson, former BBC director of television, emphasised his commitment to digital entertainment when he was confirmed as the new chief executive of Channel 4 today.Thompson, who takes up the position next March, said that his primary role will be to take advantage of new digital opportunities and dismissed claims that the channel had overstretched… Continue reading Thompson Takes The Helm At Channel 4
German media giant, Kirch Group, is reportedly facing a financial crisis if the Dresdner Bank calls in a loan repayment, as expected, of around E500 million. The deadline for the loan is officially the end of this year, although credit is often extended. However, the reports suggest that Dresdner will not be allowing an extension… Continue reading Kirch Group Faces Financial Crisis, Say Reports
Vivendi Universal may be able to put together a global cable and television production business, using the entertainment arm of the USA Networks media company, press reports are suggesting today. Jean-Marie Messier, chairman of the French group Vivendi, is said to be in discussions with Barry Diller, his opposite number at USA Networks, about carving… Continue reading Vivendi May Take USA Networks’ Cable And TV Businesses
Regional newspaper publisher Johnston Press has this morning released a pre-close trading update which boasted profits in the ‘top range of market estimates’ and a growth in ad revenue of 1.6%, compared to to the same period 2000. Growth of 3.6% in ad revenue for the period to June 2001, boosted by a 13% rise… Continue reading Johnston Press Bucks Advertising Trend With Positive Growth For 2001
Trinity Mirror saw shares fall 3.31% yesterday to close at £4.08˝ after announcing that advertising revenues dropped 21% last month in the wake of 11 September and were expected to decline further in 2002 (see Trinity Misses Out On Christmas Bonus). This had a knock on effect for Daily Mail, which saw stock drop 7.5%… Continue reading Sharewatch
