Outdoor company JCDecaux has announced its intention to float on the French stock market next month, in order to fund future growth and acquisitions. The share offering is expected to value the company at €3.8 – €4.4bn (£2.3 – 2.6bn).The proceeds from the IPO, in which 20-22% of JCDecaux’s enlarged share capital will be offered,… Continue reading JCDecaux To Fund Growth With IPO On French Stock Market
BBC Resources has teamed up with an advertising agency to make commercials for corporate clients. MediaArc, the BBC’s design and interactive agency specialising in broadcast design, has joined forces with interactive television ad agency BMPtvi. The company, part of BBC Resources, has already worked on ad campaigns for HSBC, British Gas and ONdigital and will… Continue reading BBC To Make Ads For Corporate Clients In New Partnership
WPP,which announced its 100% acquisition of European PR firm Finsbury last week (see WPP Announces Acquisition Of Financial PR Firm) saw shares slide 4.06% yesterday to finish at £7.80.Reuters was also down 3.43% with a closing price of £9.85, a loss of 35p on the previous day.Future Network which will be restructuring in June (see… Continue reading Sharewatch
A CIA opinion poll has added to the debate about the future success of digital TV (see 50% Of Homes Could Be Digital By 2002, Says Research). With BSkyB planning to integrate its interactive channel Open with the rest of its service, a national survey carried out by CIA Sensor has revealed that interactivity is… Continue reading Interactive TV Yet To Inspire, Says Research
Italian newspaper publisher Class Editori has reported a 34% increase in advertising revenue in its first quarter financial results. However, despite the growth, this shows that the market has deteriorated in March as growth in the first two months of the year was 45%. The outlook for Q2 has become poorer, according to analysts at… Continue reading Class Editori Results Are Below Market Consensus
Outdoor company JC Decaux has announced its intention to float on the French stock market next month, in order to fund future growth and acquisitions. The share offering is expected to value the company at between €3.8 and €4.4 billion (£2.3 – £2.6 billion). Proceeds from the IPO, in which 20-22% of JC Decaux’s enlarged… Continue reading JC Decaux To Fund Growth With IPO On French Stock Market
DMG Radio Australia has acquired the new Brisbane FM radio licence in a joint venture with the Australian Radio Network. Brisbane FM Radio Pty Ltd is a joint venture between DMG Radio Australia and the Australian Radio Network. DMG is 25% owned by GWR Group plc and 75% owned by Daily Mail and General Trust… Continue reading DMG Radio Australia Wins New Licence
Independent News & Media (INM), owner of the UK’s Independent newspaper, today said that the UK market is performing well despite tough local market conditions. Speaking at the company’s annual meeting today, executive chairman Sir Anthony O’Reilly said that cost control continues to be a major focus in all of the group’s operations. O’Reilly said… Continue reading Independent To Maintain Cost Control
IPC has surpassed the Advertising Association’s revised forecast of 2.1% growth in consumer magazine advertising revenue by revealing year on year growth of 6.9% for the last two quarters. In what chief executive Sly Bailey described as a “Solid set of interim results”, net profit before tax for the half year to March 2001 was… Continue reading IPC Surpasses Ad Revenue Expectations With 6.9% Growth
French marketing and communications group Publicis is buying two New York PR agencies – Fabianne Gershon Associates and Hudson Stone Group – for an undisclosed sum. Fabianne Gershon handles corporate PR, whilst Hudson Stone offers an investor relations service. Analysts say that the acquisitions will help boost Publicis’ exposure to marketing services, where it is… Continue reading Publicis Buys New York PR Firms
