Reuters reported strong Q1 growth yesterday, as expected (see Reuters Stock Falls On Slower Q2 Warning) but warned that Q2 growth was unlikely to occur at the same rate. This produced an unfavourable reaction from the market, which left shares down 65p at £9.10.Bright Station announced an alliance between its Smartlogik unit and IBM yesterday,… Continue reading Sharewatch
Interactive entertainment company Two Way TV has received £12m investment from Swedish group SMI Media. The deal will see SMI become a significant shareholder in the group with two of its directors sitting on the board.Two Way TV launched in 1992 developing systems to allow viewers to compete with their favourite TV gameshows. The Two… Continue reading Two Way TV Gets £12m Investment Boost
Carlton Communications and Granada have today confirmed plans to change the structure of ITV, including a radical overhaul of the jointly-owned digital terrestrial broadcaster, ONdigital. Stuart Prebble will become chief executive of the Network, which will now operate three main businesses – ITV channels, ITV Digital and ITV.com. ITV Digital is the rebranded name for… Continue reading Granada And Carlton Bring ONdigital Under ITV Brand
Global advertising and communications group Omnicom has posted strong financial results, with a particularly good first quarter coming from the US. Across Europe the performance was more mixed. In Europe overall organic growth was 12.6%, with the lowest regional growth coming from the UK at 5%. Germany saw 10%, France 10% and the Netherlands 15%.… Continue reading Omnicom Shows Strong US Growth In Q1 Results
Press reports claim that Vivendi Universal has agreed to merge its loss-making Italian pay-television division, Telepiù, with Stream – a rival broadcaster owned by News Corporation and Telecom Italia. The Financial Times reports that the merged business will retain the Telepiù name and will be owned two thirds by Vivendi’s Canal Plus one third by… Continue reading Italy’s Telepi
A number of recent press reports suggest that the deadline for bids on the troubled EMAP USA business may be this week. So far, Hachette Filipacchi, Primedia and American Media have all been put in the frame as potential suitors of the business. EMAP confirmed that it has received a number of approaches for the… Continue reading EMAP USA Bids Expected Soon
News and information group Reuters has this morning posted a strong set of financial results that show first quarter revenues rising 17% to £970 million. However, chief executive Peter Job warned that growth in the second quarter would be at a “slightly lower rate”. The group says that good performances at its Reuters Financial and… Continue reading Reuters Stock Falls On Slower Q2 Warning
Media group Vivendi Universal yesterday issued first quarter operating results in line with market expectations, which show that the group is ahead of schedule to meet cost savings of €200 million by the year end. Revenues grew by 10% to €5.9 million and EBITDA more than doubled to €900 million, pushed by a €293 million… Continue reading Vivendi ‘Defensive’ Against Ad Slowdown
Channel 5 has set out its intentions for the year in its statement to the ITC, aiming to be “desirably different” in the face of a budget which is, by its own admission, one third of the size of Channel 4 and BBC2, even with the recent boost from its owners (see Channel 5 To… Continue reading Channel 5 Aims For ‘Desirably Different’ In Statement Of Intent
Natmags has announced the launch of its new teen title CosmoGirl!. Billed as Cosmopolitan‘s “fun, fearless little sister”, the title is to go on sale from 20 September.The editorial team will be headed up by Celia Duncan and will include Catherine Duffy as art director and Miranda Eason as features editor. James Williams joins the… Continue reading Natmags Unveils Launch Date For CosmoGirl!
