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Talk of an imminent recession has filled the media trade press in recent weeks. AC Nielsen and the IPA disagreed over the extent of the slump but the message from all sides was the same: the next six months will be tough for the sector as a whole. Blame has been laid on excessive dotcom… Continue reading Insight Analysis: Media Sector Slumps After Unparalleled Year Of Deals

WPP has acquired 75% of Cheetham Bell Limited, a creative advertising agency in Manchester. The group will be merged with the Manchester division of WPP’s ad agency, J Walter Thompson.Cheetham Bell’s clients include Manchester United, Manchester Evening News, Pontin’s and Vimto. The merged group will be managed by CEO Dr David Bell, creative director Andy… Continue reading WPP Acquires 75% Of Cheetham Bell

Associated Newspapers and the Guardian Media Group are to join forces to publish a free morning newspaper in Manchester. GMG is to license its Metro title to Associated in a deal which will bring to an end months of wrangling between the two publishers.Free morning papers from both groups have been circulating in the city… Continue reading Associated And GMG Sign Metro Deal In Manchester

ONdigital is to take on the highly competitive TV listings magazine market on 3 March by launching a new customer magazine with full listings and a weekly, rather than monthly, output. ON7 will be the first magazine to carry full listings for all the digital free to air channels as well as for all the… Continue reading ONdigital To Take On TV Listings Market With ON7

Cable & Wireless yesterday sold 8 million of its shares in NTL for £813m. The buyer was Goldman Sachs, which has placed the entire block to institutional investors- the offer was over-subscribed. The sale took place with NTL’s knowledge, and C&W continues to work with NTL in order to address the balance of its remaining… Continue reading Cable & Wireless Disposes Of 8 Million NTL Shares For £183 Million

One of the best media performers yesterday was Emap. Despite a cut in price target from a leading broker, heavy trading saw shares end up 22p at £7.60.It was also a good day for Capital Radio, which received confirmation from the Radio Authority that its MXR consortium has won the digital radio multiplex for the… Continue reading Sharewatch

BSkyB is preparing to write off as much as £250m of a £301m investment in new media company Sports Internet Group, according to reports. Confirmation of the loss is expected to be revealed when financial results for BSkyB are released next month. Sky made the investment in the firm, which runs official websites for a… Continue reading BSkyB Set To Write Off Millions In Internet Losses

New figures from IDC predict that the esecurity services market, which topeed 1.5 billion in 2000 will exceed $4 billion dollars in Western Europe by 2004. This makes it one of the fastest-growing segments in the European IT services market surpassing current market leaders. “The race to properly secure Europe’s ebusiness networks will be a… Continue reading Europe’s eSecurity Services Market To Reach $4 Billion By 2004

ITV claimed victory in the first head to head battle with BBC1 over the 10pm news slot. More than 8m people tuned in to watch the re-launched ITV News At Ten, while the BBC’s 10pm news bulletin drew in only 4.4m viewers.A BBC spokesman said: “We are in this for the long term. This is… Continue reading ITV Victorious In News At Ten Clash

Maiden Group has released a trading update prior to the closed period it will enter ahead of preliminary results on 28 March. The board has stated its belief that Maiden has traded “within the range of expectations” for the year ended 31 December 2000, despite a slow end to the year in comparison to the… Continue reading Maiden Group Met Trading Expectations Last Year, Having Encouraging Start to 2001