Telewest saw shares fall yesterday after speculation that the company was involved in merger talks with NTL. Stock dropped 6.07% to finish at 73˝p, a loss of 4žp on the previous day.Reed, which announced a pre-tax profits rise in its interim results yesterday (see Reed Shares Rally On Results), saw shares climb 5.82% to close… Continue reading Sharewatch
Radio First, the digital radio broadcasting company, is to launch its first two digital radio stations in August.The first live broadcast of Big Blue, Chelsea football club’s digital radio station and The Saint, a station dedicated to Southampton FC will be on the 19 and 25 August respectively. The launch dates will coincide with the… Continue reading Radio First Launches Digital Stations
David Dimbleby has emerged as a candidate for the role of BBC chairman, according to press speculation.A number of broadsheet newspapers reported this morning that the veteran broadcaster has been shortlisted as a candidate to take over from Sir Christopher Bland when he leaves the BBC to take up a new post at BT next… Continue reading Dimbleby Tipped For BBC Chair
Carlton has announced that it is to close the Taste Network, its joint TV and internet food and drink venture with Sainsbury’s.The multimedia venture, launched in January (see Carlton Unveils Taste Network), brought together Carlton and Sainsbury’s food internet sites with the Carlton Food Network television channel.From 1 September Carlton will resume control of its… Continue reading Carlton To Close Taste Network
Channel 4’s digital entertainment channel E4 is continuing to benefit from the popular second series of reality TV show Big Brother. E4’s share in the first week after the series ended, of 0.77% for individuals in multichannel homes, was still 45% than the average weekly share of viewing for May, before the show started, of… Continue reading E4 Benefits From Big Brother Effect
The number of blue collar workers using the internet is growing, according to a report by Continental Research.A new reportshows that internet usage is “taking a firm hold” in 2CDE households, which are made up of people who tend to be older, work in blue collar occupations and have less exposure to PC’s and the internet.This… Continue reading Blue Collar Web Use Rises
Time Life International’s InStyle has said in a publishers statement that it has succeeded in reaching its target circulation of 150,000 during the first five months since launching in the UK. However, unlike rival new title, Condé Nast’s Glamour, which launched around the same time, it will not be included in the ABC figures released… Continue reading InStyle Hits Circulation Target
Yesterday saw some of the recent enthusiasm leave media stocks, with slumps of 3% or more occurring at companies including Cordiant, Reuters and Reed International.The good news for commercial radio in the recent RAJAR figures (see Newsline) continued to boost radio owners Capital, Chrysalis and Emap. Capital rose 5p to £7.75, Chrysalis ended up 1½p… Continue reading Sharewatch
Search engine, MSN.com, was home to the four most visited banner ads throughout June. The most visited advert on the site was exposed to 2,871,000 individual at home internet users over the course of the month and achieved 20.6% digital reach of the total at home UK internet audience. Amazon.co.uk and Debtbusterloans were the only… Continue reading New Media Round-Up
Anglo-Dutch publishing group, Reed Elsevier, has this morning posted interim pre-tax profits up 13% at £410 million, notably above the consensus expectations.Reed says that the first half results are encouraging and reflect strong performances in Science & Medical, Legal and Education, partly offset by the impact of the economic slowdown on Business to Business. Reed’s… Continue reading Reed Shares Rally On Results
