Granada released its preliminary end of year results this morning revealing losses of £185 million for the year and admitting that more jobs would have to go. In addition to the widespread downturn in the advertising market, Granada faces mounting losses at ITV Digital. Losses at Granada’s digital media division, which includes ITV Digital, rose… Continue reading ITV Digital Losses Weigh Heavy On Granada As Job Losses Continue
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European online retail spending will rise by 160% year on year this Christmas season, reaching a value of ₏4.1 billion, according to a new report from Forrester Research. Just under a quarter of all European online sales for the year will take place in December. The UK leads the way, with consumers accounting for 34%… Continue reading European Online Retail To Reach E4.1bn This Christmas
Over 50% of companies that currently advertise on the internet plan to increase their online ad budget over the next year, according to a new study published today by ISBA. The study, conducted by research company Arc, shows that 70% of brands now advertise online and only 12% expect to see their investment in internet… Continue reading Advertisers To Build Investment In Online Campaigns
Media stocks jumped yesterday after the Government outlined measures to deregulate media ownership laws. Jazz FM was the best performer in yesterday’s media market with stock climbing 10.53% to finish at £1.36˝, an increase of 13p on the previous day.BSkyB saw shares rise 4.68% to close at £8.50 in what was one of the most… Continue reading Sharewatch
In yesterday’s consultation document on media ownership, Culture Secretary Tessa Jowell inferred that the 20% rule which currently governs cross media ownership may remain and may yet be extended to cover all media markets.Driven by the belief that “the existing media ownership rules are outdated, inconsistent and not flexible enough to respond to the rapid… Continue reading Jowell Says Cross Media Rules May Remain
The National Magazine Company (Natmags) has found a buyer for Focus, the monthly science magazine that it was planning to close.Bristol based company, Origin, which publishes ten home-interest consumer titles and 14 customer magazines for clients such as HMV and Waterstones, has agreed to buy the magazine. Commenting on the deal, Natmags’ deputy managing director,… Continue reading Natmags Finds Buyer For Focus
The first outing of the Richard and Judy Show on Channel 4 yesterday attracted an audience of 2.2 million and achieved a 14.8% share of viewing.The show, which was shown between 5pm and 6pm yesterday, peaked at 5.15pm with an audience of 2.6 million and a 17.5% share. Channel 4’s head of daytime, Jo McGrath,… Continue reading 2.2 Million Tune In To Richard and Judy On 4
A US study into the use of the internet has found that journalists and PR professionals are relying increasingly on the net in order to communicate with one another. The study, conducted by the Institute for Public Relations and the Worldcom Public Relations Group, found that journalists feel the quality of their work has improved… Continue reading Internet Has Increasing Role In Media
Maintaining quality of media output without strangling competition is a tricky balancing act, and its perhaps no wonder that the Government is yet to fully reveal its plans for the UK’s media future. MediaTel Insight’s Lucy Condon looks at the latest round of hints and speculation.“The Government’s task is to create a framework for media… Continue reading UK Media’s Brave New World
Translucis has appointed former CIA new business director, Ian Davis, as executive media director of its plasma screen network.In the newly created role, Davis will be responsible for driving commercial advertising revenue and raising awareness of opportunities to use the company’s Magnetic-branded plasma screens in bars and clubs. He will report to global CEO of… Continue reading Translucis Appoints Executive Media Director
