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Advertising agency Cordiant Communications has this morning turned in a strong set of financial results which show record net new business wins last year, worth £750 million. Cordiant’s results show that ad agencies are continuing to perform well whilst many media owners are suffering an ad revenue downturn. Pre-tax profits grew by 79.1% at constant… Continue reading Cordiant Turns In Record Figures

Media share performances on Budget Day (see Budget Line 2001 – The Chancellor’s Speech As It Unfolds) were as varied in terms of positives and negatives as the details spelled out by the Chancellor. The most positive performance in terms of percentage change was seen at Bright Station, which increased 1½p, or 5% to 31½p.… Continue reading Sharewatch

Publishing group Dow Jones has warned that its profits are likely to be far lower had been expected due falling ad revenues at its Wall Street Journal newspaper. Dow Jones is yet another company to feel the squeeze of contracted adspend, with the New York Times Co. making a similar statement earlier in the week… Continue reading Dow Jones Is Latest Publisher To Issue Profits Warning

Cable company NTL is looking forward to a strong, consolidatory year as its recent acquisition of rival group Cable & Wireless Communications (CWC) starts to bear fruit. The company believes it is on target to achieve its 2001 financial targets of £2.6 billion in revenues and £385 million of EBITDA. The group achieved record quarterly… Continue reading NTL Looks To Reap Benefits Of Investments

Channel 5 has signed an airtime-for-equity deal with Petspyjamas.com. In the sixth deal of its kind for the broadcaster, C5 will receive a stake in the online pet store in return for providing £2m of promotional airtime for the business.Petspyjamas was an early entrant into the pet e-commerce market when it launched in May 1998,… Continue reading C5 Takes Stake In Online Pet Store

According to preliminary estimates from the Newspaper Association of America, newspaper advertising expenditures for 2000 totaled $48.7 billion, an increase of 5.1% over 1999 National advertising was up by 13.7%, to $7.7 billion for the year, retail advertising was up 2.4% to $21.4 billion and classified rose by 5.1% to $19.6 billion. “While some media… Continue reading US Newspaper Ad Spend Hit $48.7 Billion in 2000

Capital Radio has announced the sale of Bucks Broadcasting Ltd and Sun FM Ltd to Radio Investments Limited. The move is part of its ongoing strategy to focus on its larger stations in major metropolitan areas, including its flagship Capital 95.8 FM, which is the leading commercial station in London (see Capital Still On Top… Continue reading Capital Radio Sells Off Bucks Broadcasting And Sun FM

Cable company NTL is looking forward to a strong, consolidatory year as its recent acquisition of rival group Cable & Wireless Communications (CWC) starts to bear fruit. The company believes it is on target to achieve its 2001 financial targets of £2.6 billion in revenues.The group achieved record quarterly revenues of £586 million and total… Continue reading NTL Looks To Reap Benefits Of Investment

German public service broadcasters ARD and ZDF have acquired the rights to show the 2002 and 2006 World Cup competitions after reaching an agreement with Kirch, owner of the European-wide rights to the tournaments. The news follows Kirch’s previous refusal to guarantee the rights to the 2006 competition in a potential DM225 million sale of… Continue reading German Public Service Broadcasters Acquire World Cup Rights

The Chancellor rose at 3:32pm.Growth forecast for 2001 to be between 2.25% and 2.75%.Inflation forecast for March 2002 to be 2.25%.Budget is in surplus of £23bn this year.Debt repayment will be £34bn this year.Tax relief on intellectual property and goodwill proposed. Small firms to pay no VAT.Consideration of research and development tax credit for large… Continue reading Budget Line 2001 – The Chancellor’s Speech As It Unfolds