Online sales house 24/7 Media Europe was wound up yesterday with the loss of 30 jobs. Reports suggest that chief operating officer Carl White was in talks with potential backers up until Sunday night, after the company’s US parent pulled funding a month ago. When these talks fell through, immediate closure was the only option,… Continue reading 24/7 Media Closes Doors
Almost three-quarters of US consumers are yet to be convinced by the merits of digital television, according to a study from Statistical Research (SRI), released last week. The findings of the American public’s views are slightly contradictory: on the one hand almost 75% believe that DTV is not the ‘indispensable enhancement the industry believes it… Continue reading iTV Must Produce Useful Services If Consumer Interest Is To Grow
Teletext has submitted a formal expression of interest to the ITC to renew its licence from January 2002. A business plan and details of proposed services has been submitted, on which the ITC is to base its decision as to the amount to be paid to Government over the next ten years. If Teletext were… Continue reading Teletext Looks To Renew Licence
ITV partners Carlton and Granada saw shares fall yesterday after Zenith Media downgraded its global forecasts on Friday, dealing a blow to the advertising industry (see Zenith Cuts Ad Forecasts Again). Carlton was down 3.02% to finish at £3.05, a loss of 9˝p on the previous day, while Granada saw stock drop 2.68% to close… Continue reading Sharewatch
Future Publishing is to close its monthly niche title Total Football after the September issue.Falling advertising revenue and the declining market have been blamed for the closure of the magazine which has seen circulation drop steadily since its launch in 1995.Publishing director for Future’s entertainment division, Robert Price, said: “With the massive expansion of TV,… Continue reading Future To Close Total Football
RTL is in talks with Guardian Media Group (GMG) and UBC regarding the sale of its 80% stake in longwave radio station Atlantic 252, according to press speculation.It has been reported that GMG and UBC plan to close Atlantic, which broadcasts across most of the UK, in order to replace it with an analogue version… Continue reading RTL To Sell Atlantic 252?
BSkyB has said it is in line to meet its average revenue per user (ARPU) target of £50 per year by 2005 from the home shopping and entertainment platform, Sky Interactive, according to a news report on AFX News today. BSkyB’s overall ARPU target is set at £400. Sky currently has around 5.5 million customers… Continue reading BSkyB And Telewest Set To Meet User Revenue Targets
French media group Havas Advertising is understood to have extended its 541p per share offer for UK agency Tempus Group until 17 September (see Tempus Confirms WPP Offer). The news comes as Havas announces that it now controls or has received irrevocable undertakings for 29.3% of Tempus. WPP’s 555p per share bid for Tempus still… Continue reading Havas Moves In On Tempus
Two front page claims fell foul of the ASA this week. One appeared on an edition of the Sunday Express and stated “Free outdoor concert tickets for every reader.” In fact, readers had to ring a premium rate number and enter a competition for a chance to get their hands on the tickets and a… Continue reading ASA Questions Cover Claims
RTL is in talks with Guardian Media Group (GMG) and UBC regarding the sale of its 80% stake in longwave radio station Atlantic 252, according to press speculation. It has been reported that GMG and UBC plan to close Atlantic, which broadcasts across most of the UK, in order to replace it with an analogue… Continue reading RTL Looks To Sell Atlantic 252
