Adam Singer, chief executive of cable company Telewest Communications, this morning described events in the last twelve months as the business equivalent of ‘changing jobs, getting married and giving birth all in one year.’ He was referring to Telewest’s move from analogue to digital, the merger with Flextech and the roll-out of its unmetered high-speed… Continue reading Telewest Chief Sees Rosy Future Despite £701m Losses
Scottish Media Group (SMG) has once again increased its stake in Scottish Radio Holdings (SRH) with the acquisition of 150,600 shares, representing 0.5% of the company’s issued share capital, for £2.3m.This is the latest in a series of purchases of SRH stock which began last December (see SMG Builds Scottish Radio Stake To 27.7%) and… Continue reading Scottish Media Group Makes Further SRH Acquisition
The national press market continued to decline during 2000 with overall circulation down 1.3% and readership slipping 5.5%. The popular papers were the worst affected by circulation falls while quality titles took the brunt of the fall in readership.Popular Sunday papers suffered the worst circulation falls over the year, losing 3.4% of average annual sales… Continue reading National Press Market Round-Up – 2000
Penetration of broadband services reached 26.5% by October 2000, up 1.4 percentage points. The year was marked by a period of consolidation within the industry as the field was narrowed to just two contenders: NTL and Telewest Communications.NTL’s £8bn merger with Cable & Wireless Communications (see NTL Spends £8.2bn On Cable & Wireless Communications) was… Continue reading Annual Cable & Satellite Round-Up – 2000
Regional newspaper publisher Johnston Press has this morning offered a positive outlook for the coming year after unveiling better than anticipated financial results. Profit before tax was up 20.9% at £66.5 million and operating profit grew by 27.3% from £65.9 million in 1999 to £83.9 million. Chairman Fred Johnston acknowledged the transatlantic economic slowdown and… Continue reading Johnston Press Gives Positive Outlook For 2001
European free-to-air broadcaster RTL this morning said that it feels “better placed than most … to withstand the current uncertainties in advertising markets around Europe.” Nevertheless, the company warned that earnings were likely to be flat in 2001 due to the effects of restructuring Pearson Television North America and a decrease in the audience of… Continue reading RTL Says 2001 Earnings Will Be Flat In Current Ad Climate
Johnston Press has released financial results for the year ended 31 December 2000 which show profit before tax up 20.9% at £66.5m. Operating profit was up by 27.3% from £65.9m in 1999 to £83.9m.Chairman Fred Johnston acknowledged the transatlantic economic slowdown and problems in the technology sector, but said that the current year had begun… Continue reading Johnston Press Reports Pre-Tax Profit Up 20%
Europeans are watching more TV than ever before according to new research published by the Media Edge. The average European watches over three hours per day, with the Italians and the Spanish watching the most at over 4 hours per day, compared to 3 hours per day in 1989 for Italians and 3½ hours per… Continue reading Research Reveals Increasing Consumption Of Media Across Europe
The internet magazine market gains a new entrant tomorrow when IPC Media launches Web User, a straight-talking guide to the web for beginners. It claims to have no immediate competitors due to its unique frequency for this sector – fortnightly – and its down-to-earth, no-nonsense advice.It enters the market at a time when this sector… Continue reading Feature: Internet Magazine Market Reaches Saturation Point
International media group Independent News & Media (INM) has this morning reported a pre-tax profit increase of 13% to €155 million for 2000. This is slightly below most analysts’ expectations and has caused the shares to drop during trading today.Executive chairman Anthony O’Reilly said that it is too early in the year to make any… Continue reading Independent Reports Positive Results, But Below Expectations
