Independent News & Media (INM) this morning reported that its pre-tax profits fell by 17.2% to E56.6 million during the six months to 30 June. The group, which publishes the Independent national newspaper, says that the drop is due to adverse currency movements, exceptional start-up costs, investment in a new Irish print facility and costs… Continue reading Independent News & Media Sees Profits Fall 17%
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Global media company, Pearson, has sold its FT Energy publishing group to Platts, the global energy information and marketing services business of The McGraw-Hill Companies. The purchase price has not been disclosed. The sale of FT Energy is the last in a series of disposals that enables the FT Group to focus on delivering international… Continue reading Pearson Disposes Of Non-Core FT Energy
ITV partners, Carlton and Granada, continued to see shares fall yesterday after Zenith Media downgraded its global forecasts on Friday (see Zenith Cuts Ad Forecasts Again), casting a shadow over the advertising industry. Carlton was down 0.98% to finish at £3.02, a loss of 3p on the previous day, while Granada saw stock drop 1.55%… Continue reading Sharewatch
Advertising spending for all US media fell by 5.9% year on year for the first half of 2001, according to figures released yesterday by advertising and marketing communication group CMR. CMR estimates that total adspend for the first half of 2001 came in at just under $47.5 billion, compared to $50.4 billion for the same… Continue reading No Positive Advertising Shift Anticipated This Year, Says CMR
The number of UK homes with multi-channel TV has reached the 10 million mark according to the latest figures from the British Audience Research Bureau (BARB).The figures show that 41% of the UK’s 24,458,000 TV households now have multi-channel TV and that almost 28 million individuals throughout Britain have access to multi-channel services.The news comes… Continue reading 10 Million Homes Have Multi-Channel TV
Online retail sales in the US declined for the second quarter in a row, from April to June, according to a report on Europemedia earlier this week. The article says that according to US government statistics online commerce fell by 1.8% to $7.5 billion (E8.2 billion) in the quarter. This is less severe than the… Continue reading US Online Commerce Declines For Second Consecutive Quarter
The Sunday Times is to close Doors its weekly internet supplement.The final issue of the magazine, which launched last October to provide consumers with an easy guide to the web, will be published this Sunday, after which it will be scaled down to form an eight page section of the Culture supplement.Editor of The Sunday… Continue reading Doors Close On Sunday Supplement
Independent News & Media Sees Profits Fall 17%Independent News & Media (INM) this morning reported that its pre-tax profits fell by 17.2% to E56.6 million during the six months to 30 June. The group, which publishes the Independent national newspaper, says that the drop is due to adverse currency movements, exceptional start-up costs, investment in… Continue reading Independent News & Media Sees Profits Fall 17%
Granada has poached Graham Duff from media buying agency Zenith UK to head up its advertising sales division.Duff, former chief executive of Zenith UK, will become the CEO of Granada Enterprises with responsibility for advertising sales across Granada’s broadcasting franchises. He replaces Mick Desmond who has been promoted to managing director of Granada Broadcasting and… Continue reading Granada Poaches CEO From Zenith
When Zenith downgraded its media forecast for 2001 once again at the end of August the doom-merchants intoned “ad revenue recession” even more gloomily. If Zenith’s -3%, or even ABN AMRO’s -5.4% UK ad growth prediction comes to pass, it will be the worst since the recession at the start of the last decade. But… Continue reading Feature: Future Predictions
