Fears that shares in SMG would suffer as a result of Virgin Radio’s celebrity DJ, Chris Evans, being dismissed (see Virgin Terminates Evans’ Contract), were squashed yesterday, as shares in the company rose 3.63% to finish at £1.71˝, 6p better off than the previous day.The Wireless Group did not share the same good fortune with shares… Continue reading Sharewatch
In an interview with the BBC, Viacom chairman and CEO Sumner Redstone commented on the current decline in the media economy, describing his company as an “advertising juggernaut”. He said that whilst the downturn in ad revenue was undeniable, his company had weathered the storm reasonably well and ‘continued to hit targets’. One of the… Continue reading Viacom Chief Says Ad Revenue Upturn Will Be Evident By Q4
A senior ITV executive last night demanded that the government commit to encouraging the consumer take up of digital terrestrial television by significantly reducing the estimated £200m in annual licence fees paid by commercial broadcasters.Speaking at the Royal Television Society last night, Nigel Walmsley, deputy chief executive of Carlton, questioned the licence fees paid for… Continue reading Carlton Calls For Licence Fee Cut To Boost Digital Take Up
The Wall Street Journal this morning reports that Zenith Media is preparing to announce further cuts to its global ad spend forecasts today. Following last week’s reports that Zenith is predicting a 0.8% drop in adspend for the year (see Forecasts), the WSJ today reports that on the release of its quarterly figures, Zenith will… Continue reading Zenith Expected To Forecast Further Ad Spend Declines
The Radio Authority has announced proposals for a new set of ownership rules for local analogue radio licences. The changes would include the abolition of the ownership points system and the removal of the “cap” on the number of local radio licences a person can own. The new formula for ILR ownership would also allow… Continue reading Radio Authority Proposes New Ownership Rules
According to a report from the Center For Media research, Jupiter analysts say in a new report that “media companies competing for the attention of consumers must consider that while the key barrier to online entry and success used to be infrastructure, it has shifted dramatically to advertising and marketing.” Mirroring reports on the Australian… Continue reading ISP Market Consolidates Further In US, Says Jupiter
The first monthly lifestyle mag aimed at male teens between 13 and 17 was launched yesterday. Gear magazine, published by Paragon, costs £2.99 and cashes in unashamedly on the pester power element now dreaded by all parents. Gear is aimed at “technologically aware, affluent and highly active consumers with virtually unlimited spending power” and blends… Continue reading Gear – First Issue Review
Nielsen//NetRatings reports that online auction sites in the US grossed $556 million in May 2001, a year on year rise of 149%. In a survey of 35,000 net users, Nielsen found that more than 6.2 million people made purchases from online auction sites in May 2001 and such spending accounted for more than 10% of… Continue reading Online Auction Sites Boast Record Revenues
The NRS figures for the six month period ending May 2001 show a continued decline in national newspaper readership. The sector overall was down 3.7% compared to the same period last year with all but five titles losing readership.The Daily Express continued to suffer, experiencing the greatest loss in terms of actual readership, dropping over… Continue reading National Newspaper NRS Round-Up – May 2001
Europeans are set to have access to broadband internet connections following a deal between Italian telecoms company Tiscali and Gilat Satellite Networks. Tiscali says that the system, which uses satellite broadband delivery, will be a pan-European offering and will allow high speed internet access to areas that are not wired up for broadband telephone connections.… Continue reading Tiscali And Gilat To Bring Offer Pan-European Broadband Internet Access
