NTL has announced a 41% increase to its digital subscriber base during the third quarter, bringing the total number of customers to 325,000. The cable group said it expects to exceed its target of 500,000 by the end of 2000.In its first full quarter statistics since completion of its merger with Cable and Wireless Communications… Continue reading NTL Expects To Exceed Digital Subs Of ˝m By Year End
Mollin Publishing’s Jump magazine has been suspended, just a year after its launch (see Mollin Launches New Teen Mag). The teen title faced harsh competition in this growing sector (see Feature: New Teen Titles Hope To Buoy Declining Sector) and the high cost of covermounting was blamed for the suspension.John Woollcombe, managing director of the… Continue reading Mollin Publishing Suspends Jump Magazine
Shares in Daily Mail & General Trust, United News & Media and Reuters climbed yesterday after West LB Panmure highlighted them as likely winners in the internet arena. It said that their strong brands, existing content, experienced management, strong customer base and prodigious cashflow would work well within new media. Johnston Press and Future Network… Continue reading Sharewatch
As the carve-up of United’s television assets was finalised this morning (see Granada Media Consolidates Ownership Of Meridian And Sells HTV To Carlton), rumours continued to circulate regarding the fate of its Express Newspaper group. Conrad Black’s Telegraph group has reportedly stepped into the ring and confirmed its interest in the purchase.Its bid will be… Continue reading Telegraph Group Eyes Express Titles
As predicted, Granada and Carlton have today agreed terms for the sale of their respective interests in the HTV and Meridian franchises. Carlton will purchase the licence and broadcasting interests of HTV, the ITV broadcaster for Wales and the West of England, from Granada for £181m in cash.As part of the deal, they will transfer… Continue reading Granada Media Consolidates Ownership Of Meridian And Sells HTV To Carlton
Open has signed agreements with 35 new content providers whose goods will be available through the platform’s latest launch. Open Extra, an interactive “department store” will initially offer 300 products aimed at women and their families, hoping to entice shoppers in the run-up to Christmas.Included in the line-up are Dorling Kindersley, Girl Heaven Limited, Alton… Continue reading Open Launches Interactive “Department Store”
Advertising group WPP rose 14p to 870p after posting a positive third quarter trading update. A number of brokers recommended the group, which reported a revenue climb of 21% during the three months to the end of September (see WPP Reports Revenues Up 21%).Despite making gains throughout the day yesterday, buoyed by the announcement of… Continue reading Sharewatch
Teenagers, it seems, are the latest demographic group to whip up a flurry of interest from the media world. As a relatively untapped market, their pester-power spending, avid consumption of media and, if we are to be a little cynical, impressionable young age makes this group appealing to media owners and advertisers.Teenagers, according to Adam… Continue reading Feature: New Teen Titles Hope To Buoy Declining Sector
According to IDC, Western European banks see mbanking as a top priority and, as such, are beginning to make major investments in it. IDC estimates that banks in Western European will spend up to $43 million in the next year developing mbanking services. “Recent improvements to wireless technologies are paving the way to further development… Continue reading Mobile Banking Is Top Priority for European Banks, Says IDC
Losses at radio group Jazz FM have significantly reduced and the company is on its way to profitability, according to its chairman Sir Harry Roche. Despite reporting yearly pre-tax losses of £489,000 in preliminary results for the year ending 30 June, the group show good progress compared to the same period last year (see Jazz… Continue reading Jazz FM Moves Towards Profitability
