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Future Network has this afternoon announced the closure of both its loss-making German operation and the European editions of internet business magazine Business 2.0. Future Verlag GmbH posted losses of DM20.5 million (£6.4 million) on revenues of DM22.5 million last year. Losses for the current year, prior to the closure, are expected to be DM9.4… Continue reading Future Closes German Business And European Business 2.0 Editions

The Wireless Group has this morning reported like for like turnover up 12% to £29.4 million for the full year and up 22% for the first quarter of 2001. Q1 operating costs, before digital expenditure, are down by 12% like for like. However, loss for the financial year grew from £27.5 million last time to… Continue reading Wireless Group Grows Turnover And Reduces Costs

Future Network has this afternoon announced the closure of both its loss-making German operation and the European editions of internet business magazine Business 2.0. Future Verlag GmbH posted losses of DM20.5 million (£6.4 million) on revenues of DM22.5 million last year. Losses for the current year, prior to the closure, are expected to be DM9.4… Continue reading Future Closes German Business And European Business 2.0 Editions

Channel 4 has promised to “encourage a younger generation in the values of public service broadcasting” with its programming priorities for 2001/2002. Commenting on the statement of intent his channel submitted to the Independent Television Commission (ITC) this week, director of programmes Tim Gardam commented, “Too often regulation has become an arid calculation of the… Continue reading Channel 4 Statement Of Intent To Continue Innovation And Quality

The new president of the IPA has warned that the advertising industry in the UK is losing its creative touch. Addressing the IPA members’ lunch with his inaugural speech this week, Bruce Haines warned that hard work was needed to stay ahead.“We need to do much, much more to promote the quality of our work… Continue reading New IPA President Tells Industry To Embrace Creativity

Goldman Sachs lowered its 12 month price target for BSkyB yesterday, causing shares in the satellite broadcaster to fall 36½p to £8.45. Terrestrial TV companies Carlton and Granada also had a bad day, as the market remained unconvinced by its revamp plans for ONdigital (see Prebble Heads Up An Integrated ITV). Carlton shares ended the… Continue reading Sharewatch

United Business Media (UBM) and BT have this morning announced the immediate sale of their jointly-owned portal and internet service provider (ISP), LineOne, to Tiscali S.p.A, an Italian telecommunications company. Tiscali is paying €100 million (£63 million) for the LineOne business; €20 million in cash and the rest in around 5.4 million Tiscali shares. In… Continue reading UBM And BT Sell LineOne For £63m

Anne Robinson-hosted elimination quiz show, The Weakest Link, has been exported to the NBC television network in the US, where it is currently pulling in large audiences. According to an analysis of Nielsen Media Research viewing figures by Mediaweek.com, NBC achieve the highest primetime ratings in the Adults 18-49 and 25-54 categories; each grew by… Continue reading Weakest Link Proves Early Hit For NBC

Media communications group WPP has this morning posted first quarter organic revenue growth of 6% – including, for the first time, the Young & Rubicam network. This is lower than the 10% analysts at ABN Amro had expected and well below the 13.8% growth posted by rival network Omnicom yesterday (see Omnicom Shows Strong US… Continue reading WPP Q1 Results Disappoint Market And Brokers

“Forecasting industry trends and revenues is far more challenging this year than at any other time in recent history. The margin of error cannot be determined through statistical analysis. The degree of uncertainty in the market is extraordinary, impacting so many different areas of media and advertising.” This is according to Jack Myers, chief economist… Continue reading Myers Prefers To Err On The Pessimistic Side In His Forecasting