The Wireless Group (TWG) has sold Scot FM to the Guardian Media Group (GMG) for £25.5m. The move comes weeks after TWG had to deny rumours that the entire group was to be sold due to funding difficulties (see Wireless Group Denies Claims That It Is Up For Sale).Commenting on the sale, TWG’s chairman and… Continue reading Wireless Group Sells Scot FM For £25.5m
Forrester claims that a pattern is emerging whereby net users who have received gifts ordered online go on to use the service themselves creating a ‘gift spiral’ and thus increased success for online retailers offering such services. As a result of such activity, Forrester believes that the online gift market could be worth as much… Continue reading “Gift Spiral” Will Boost Online Sales, Says Forrester
After Labour’s landslide victory last week the minister for culture, media and sport, Chris Smith, has been removed in favour of Tessa Jowell. Speculation that the DCMS is to be dismantled, with responsibility for broadcasting passing to the department of trade and industry, has as yet proved unfounded.Chris Smith’s return to the back benches will… Continue reading Smith Replaced By Jowell Following Labour Landslide
IDC forecasts that a ‘blistering’ compound annual growth rate of 89% will propel application service provider (ASP) revenues despite the many challenges that the industry has had to overcome. Predicted Revenue Growth Within ASP Market. 2000 2005 Worldwide $986m $24b Western $93m $57m Source: IDC “Despite the well-publicized challenges facing the ASP… Continue reading IDC Forecasts Healthy Growth For ASP Market
Virgin Radio has announced the launch of a new digital radio station aimed at teenagers. The station named Liquid is billed as; ‘the first pure chart radio service for London’ and will be a music led service featuring news, information and features designed to appeal to a core teenage audience.SMG commercial development director, Lee Roberts… Continue reading Virgin Radio To Launch Liquid At Teenagers
According to a new report, “Europe Looks Beyond th Banner Ad”, the Yankee Group predict that online advertising revenue in Western Europe will rise from $1.5 billion in 2001 to $4.2 billion by 2006. During this time, banner ads are predicted to decline in popularity and the proportion of banner ads to all online advertising… Continue reading European Online Advertising Market To Quadruple
Emap Digital Travel (EDT) has been sold to internet-based travel technology and distribution group, Online Travel Corporation (OTC) for £2.8m.Paul Keenan, chief executive of Emap Digital, explained the decision, “We have previously stated that we are focusing our online activities towards our strategically important off-line assets. We don’t have a major presence in the travel… Continue reading Emap Offloads Travel Websites For £2.8m
Teletext has launched the first instant messaging service to run over an iTV channel. The service, developed by Mobillion, is called mtxc Chat and will be launched in association with Vodafone. Users will send SMS messages to a TV platform to be viewed in real time and exploits the popularity of both interactive TV and… Continue reading Teletext Chat Will Boost iTV Popularity
BSkyB is to close its movie division Sky Pictures. The closure of the film division, which was set up in 1998, is thought to have resulted from a strategic review focussed on costs. BSkyB also recently announced plans to cut jobs from Open, Sky Interactive and the business side of Sky News.The decision to close… Continue reading Sky Pictures To Close As Part Of Cost Cutting Drive
Shares in RTL soared 25.52% week on week to finish £10 better off, with a closing price of £49.18. Bright Station also had an impressive week, with shares climbing 13.33% to finish at 8.˝p, 1p better off than the previous week.In what was an eventful week for EMAP (see Hand Steps Down As PPA Chairman)… Continue reading Sharewatch
