Yesterday saw share prices fall across most media stocks, with several of the largest names suffering the most. BSkyB had its target price downgraded by Morgan Stanley Dean Witter because of the UK’s advertising slowdown. Shares fell 88p, over 10.5%, as a result, ending at £7.33.Cordiant lost over 10% of its value, while Carlton continued… Continue reading Sharewatch
While press reports declare the UK to be slipping into ad revenue decline the outdoor industry continues to enjoy a boom period. Still one of the market’s smaller players, with around 5% of total adspend, its growth continues, partly as a result of corrosion across other media.Iain McLellan, director of the Outdoor Advertising Association (OAA),… Continue reading Feature: Outdoor Holds Onto Its Place In The Sun
The Independent Television Commission (ITC) has confirmed that it has renewed the licences for the remaining Channel 3 companies. Border, Central, Grampian, Granada, LWT and Scottish have all extended their licences for a further ten year period.Financial terms for licence renewal were revealed by the regulatory body last month (see ITC Announces Financial Renewal Terms… Continue reading ITC Renews Remaining ITV Licences
WPP has announced the acquisition of Glendinning, a sales and marketing management consultancy. The UK-based group helps clients such as Coca-Cola, Nestle and Tesco develop sales development skills, customer marketing and management.WPP has made a signed a number of deals in recent weeks (see WPP Acquires European Branding Consultancy), taking advantage of cheap acquisitions as… Continue reading WPP Buys UK-based Management Consultancy
Following a trading statement last week outlining plans to further cut its internet operations (see Emap Receives US Approaches, Cuts Digital Spend And Sees Year-End In Line With Expectations), Emap has now given details of a boost to its launch budget. The media group is to increase its new launch spend from £17 million to… Continue reading Emap Boosts Magazine Launch Budget
Global marketing communications group, Cordiant, has announced the acquisition of Gallagher & Kelly Public Relations, a leading business communications consultancy in Ireland.Based in Dublin, Gallagher & Kelly provides clients with a range of corporate communications services, including media relations, public affairs and corporate brand communications. The company advises and represents a range of domestic and… Continue reading Cordiant Acquires Dublin PR Firm
Digital terrestrial broadcaster ONdigital is to undergo a major revamp, according to press reports. Owners Carlton and Granada are considering changing the name of the platform to ITV Digital as it steps up competition with its main rival BSkyB.A name change received support from investment bank Merrill Lynch last week, who believe that the familiarity… Continue reading ONdigital Expected To Be Rebranded
Cable & Wireless was among the few TMT stocks to show an improvement yesterday, after news that it is to sell its stake in Hong Kong’s Pacific Century Cyberworks. Shares ended the day up 15p at £4.90. By contrast Telewest was out of favour and dropped 5½p to end at £1.09.WPP announced the acquisition of… Continue reading Sharewatch
Global marketing communications group, Cordiant, has announced the acquisition of Gallagher & Kelly Public Relations, a leading business communications consultancy in Ireland. Based in Dublin, Gallagher & Kelly provides clients with a range of corporate communications services, including media relations, public affairs and corporate brand communications. The company advises and represents a range of domestic… Continue reading Cordiant Acquires Dublin PR Firm
German publishing group Axel Springer is reported to be in talks with Hamburg agencies about the launch campaign for a German edition of Maxim. Axel has acquired the publishing licence for the men’s monthly from UK owners Dennis Publishing. According to a report on AdAge.com, agencies invited to pitch for the lads’ mag launch campaign… Continue reading Axel Springer Invites Agency Pitch For German Maxim Launch
