BSkyB saw shares rise yesterday, despite an advertising forecast downgrade by ABN AMRO earlier in the week. Stock was up 2.83% to finish at £6.17, an increase of 17p on the previous day.After releasing a reassuring trading statement yesterday, the Daily Mail saw shares climb 11.17% to close at 5.59, 56.2p better off than the… Continue reading Sharewatch
Myers Reports predicts that mobile commerce revenues in the US will reach $4.8 billion dollars by 2004, whilst mobile advertising will be valued at $2.6 billion by 2005. However, these are estimates are more conservative than a number of other forecasts, as shown. US M-commerce 2004 forecasts ($ billion) Ovum 19.2 Merrill Lynch… Continue reading US Mobile Commerce And Advertising Forecasts
Reuters is launching Reuters television (RTV) on its website.RTV will appear in streamed video form on Reuters.co.uk this week and will provide users with a daily schedule of financial programmes, including live coverage of “market moving” events, footage of economic indicators and interviews with market figures.Reuters’ UK personal finance editor, Bernard Hickey, said: “The addition… Continue reading Reuters Launches Live TV Stream
Emap is cutting more jobs in its Digital division and is reintegrating the business into its off-line operations.A spokesperson for Emap today refused to comment on reports that up to 60 jobs were to go across Emap’s portfolio of websites but confirmed that redundancies would occur.“Emap’s digital operations will be reintegrated into various off-line networks,… Continue reading More Jobs To Go At Emap Digital
AOL Time Warner has said that the effects of the slowing advertising industry and the attack on the US two weeks ago are going to cause the company to miss its financial targets. The announcement is a further major indication of the hard times on which media companies are currently falling. The media giant said… Continue reading AOL Time Warner Gives Financial Warning
Two rival venture capital firms, Apax Partners and Cinven, are thought to be in talks to form an alliance in order to acquire the professional publications of Vivendi Universal for around E2 billion (£1.3 billion), according to today’s Financial Times. Apax would effectively be joining a bid already laid on the table by Cinven at… Continue reading Apax May Join Cinven In Vivendi Professional Titles Acquisition
The deterioration of the US hi-tech advertising market is continuing according to analysts at ABN Amro who have today downgraded their forecasts for United Business Media’s hi-tech publishing group, CMP Media, accordingly. Revenues at CMP are now expected to fall by 23% in 2001, with profits down by a huge 72%. In 2002, revenues are… Continue reading ABN Downgrades CMP Media As Hi-Tech Advertising Continues To Fall
Shares on the UK stock market staged a recovery from the difficulties experienced recently, following a strong opening on Wall Street.In spite of a advertising forecast downgrade by ABN AMRO, BSkyB saw a rise of 56p or over 10% to finish at £6.Carlton, which saw heavy losses over last week (see Sharewatch), rallied yesterday, finishing… Continue reading Sharewatch
The Daily Mail & General Trust (DMGT) this morning said that advertising revenues at Associated Newspapers had, until the US attacks two weeks ago, been improving on the poor performance of the second quarter. In particular, the Daily Mail‘s important retail advertising has been robust, although the financial and IT sectors have remained weak, the… Continue reading Ad Revenues Stabilising At DMGT, But Hit By US Attacks
Programmes This month saw the addition of an extra episode of BBC1’s top soap opera, Eastenders, to the schedules. In a move seen by many as an attempt to lure viewers back to BBC1 from ITV1’s double header of Coronation Street and Emmerdale, the first Friday episode managed to outperform its northern rival with 9.84… Continue reading TV Viewing Round-Up – August 2001
