New figures from Competitive Media Reporting (CMR) report that ad spend in the US is down 5.2% for Q1 2000 when compared to the same period last year. Total ad spend has dropped from the Q1 2000 total of $23.8 billion to $22.6 billion for the first quarter of this year. Top advertisers such as… Continue reading US Q1 Ad Spend Figures From Competitive Media Reporting
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The deal to create digital horseracing and betting channel, Go Racing, could be in jeopardy as the British Horseracing Board (BHB) has so far failed to fulfil a major condition of the arrangement in a move the Go Racing CEO has described as “plainly ludicrous.”Having reached an agreement with the majority of British racecourses (see… Continue reading Go Racing Deal Could Be Halted By Pre-Race Data Problem
According to latest figures from internet monitering company NetValue, low income earners (those earning under £600 a month) make up the largest group of net users, 26.9%. “The Internet is not reserved for a rich elite”, NetValue’s Alki Manias said. “These figures show that the web is being welcomed by low income earners. Online businesses… Continue reading Low Income Users Are Largest Group Online
John Hardie, commercial director at ITV has unexpectedly quit to take up a position at Walt Disney overseeing the groups TV operations across Europe, Africa and the Middle East. DCMS head of strategy and communications, Paul Bolt, has been appointed director of The Broadcasting Standards Commission. David Wheldon has been promoted to the role of… Continue reading Appointments Brief
ITV will issue the tender specifications for its national news contract in the next week and ITN will face competition for the first time.ITN, which is jointly owned by Carlton, Granada, UBM and Reuters will be challenged by Channel 3 News, a consortium formed by BSkyB, CBS, Bloomberg, Chrysalis and Ulster TV.An ITV spokesperson today… Continue reading ITV News Up For Grabs As Bidding Process Begins
Media analyst group ABN Amro has downgraded its global ad forecasts following a “weaker than expected start to 2001”. Estimates for global advertising growth, which had previously stood at 3.4%, have now been reduced to just 1.3%.Amro cites weaknesses in the telecoms and technology markets, shifts in media mix by FMCG companies and the current… Continue reading ABN Amro Downgrades Global Ad Forecasts
After announcing a pre-tax loss of £69m in its interim results yesterday (see Continued Ad Revenue Woe At Granada, But Results Are Top End Of Predictions), shares in Granada remained stable, holding at £1.67.The boat continued to rock for Bright Station with shares plunging 17.2% to close at 7¼p, with a loss of 1½p. This… Continue reading Sharewatch
UK advertising and PR group, Chime Communications, this morning said it is positive about the outcome for the first half of the year, despite less ‘buoyant’ market conditions. Lord Bell, chairman of Chime Communications, told the company’s AGM that pressure to reduce costs has been increased and that the group’s services have been widened internationally.… Continue reading Chime Communications Sees Positive First Half
Granada has confirmed a gloomy outlook for TV revenues in the coming months with the release of its interim results today. In the face of a 5.4% drop in broadcast advertising revenue for the first half, the company is has warned of cost cutting measures, including, it is believed, the loss of 100 jobs, in… Continue reading Granada Confirms Difficult Market With Interim Results
In a frenzy of activity the telecoms market has demonstrated its instability this week as the most successful handset manufacturer issued a profits warning and debt-laden BT announced a 10 year deal with Deutsche Telekom to build the next generation in mobile communications, the 3G network. Nokia surprised market analysts with a warning that profits… Continue reading Insight Analysis: Nokia Issues Profits Warning As BT Builds For The Future
