Emap Performance has closed its rock, rap and lifestyle magazine, Kingsize, after just four issues.The magazine, aimed at the youth market, was launched in March to fill the gap left by the closure of indie music magazine Select, which closed in January after sales dropped (see Launches And Closures: Press).Kingsize, which had a cover price… Continue reading Emap Closes Kingsize
The slowdown in the US economy and the knock-on effect on IT spending has had understandable repercussions for the rest of the world, being as it is the largest market. However, regions outside of the US and Canada have remained relatively immune to the slump so far and most are still showing growth for 2001.… Continue reading IDC Forecasts IT Spending Recovery In 2002
Cinema admissions in June reached 9.4m and were up 21% on the same period last year, according to The Cinema Advertising Association (CAA).The box office soared during June with cinema admissions averaging 2.18 million a week. This was largely due to Pearl harbour, which took £10.4m, throughout the month, making it June’s top film. Animated… Continue reading Cinema Reaches For The Sky In June
According to recent report by Oftel, there are now six million more internet households in the UK than there were a year ago. OftelÂ’s residential survey shows that 10 million (40%) of UK households were online in May 2001, an increase of 3.75 million in a year. Source: Oftel, July 2001
National commercial speech station talkSPORT is to be allowed to provide a separate football programme for Scotland and Northern Ireland. The station asked to establish the “split” service in order to provide phone-ins and coverage which covered the Scottish Premier League rather than the English one.The station is capable of broadcasting in this way due… Continue reading TalkSPORT Allowed To Split Scottish Football
BSkyB, which released its full year results last week (see Sky Still Strong Despite Pre Tax Losses), saw shares climb 14.41%, week on week, to close at £7.78, an increase of 98p on the previous week.Maiden, which moved into the international market last week with the acquisition of three Irish based companies (see Maiden Goes… Continue reading Sharewatch
Press reports at the weekend suggest that United Business Media (UBM) is to cut around 400 staff from its workforce. It is expected that the majority of the losses will come from the CMP business publishing division in the US. CMP has suffered heavily at the hands of the deterioration of hi-tech advertising spend, which… Continue reading UBM To Axe 400 Jobs, Say Reports
The culture secretary, Tessa Jowell, will today suggest that the ITC adopt a “new rapid response” approach to complaints after the commission failed to react to outrage caused by Channel 4’s Brass Eye.The ITC received hundreds of complaints from viewers objecting to Thursday night’s episode of Brass Eye, a satirical documentary on paedophilia, and have… Continue reading More Power For ITC?
The softening economy in the US finally took its toll on online shopping last month, according to the most recent findings of Forrester Research’s Online Retail Index. The 18th edition of the monthly survey shows that total US spending via the web decreased from $3.9 billion in May to $3.2 billion in June. The number… Continue reading US Economic Downturn Hits Online Sales
Pearson’s interim financial results showed a pre-tax profit of £5 million, ahead of the expected consensus loss of £10 million and slightly below the £11 million profit forecast by ABN Amro. A difficult period in terms of revenues in both its education businesses and advertising generally has caused Pearson’s stock to weaken recently.The Financial Times… Continue reading Pearson Results Show FT Profits Hit By Ad Downturn
