Media communications group WPP released a disappointing set of first quarter results yesterday (see WPP Q1 Results Disappoint Market And Brokers). Shares fell during the morning as a result, but ended the day up 13p at £8.00.The largest fall among media shares yesterday was Bright Station, which dropped just over 2% of its shareprice to… Continue reading Sharewatch
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
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
Christopher Bland is quitting his position as chairman of the BBC to take up the same role at British Telecom. He will replace the out-going BT chairman Iain Vallance on May 1 but will keep his role at the BBC until a suitable successor is found.Keeping both jobs could lead to a conflict of interest… Continue reading Bland To Step Down From BBC Chairman Role
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.Regionally, North American revenues were up… Continue reading WPP Q1 Results Disappoint Market And Brokers
Emap Elan’s Looks magazine is to be relaunched with an increased celebrity focus, a new logo and the title Celebrity Looks from the June issue this year.Since its launch in 1985 the magazine has been a fashion and beauty title aimed at 16-25 year olds. Its circulation, which began around the 130,000 mark, peaked at… Continue reading Emap Moves Looks Into Celebrity Territory
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
