Pre-tax profit at regional and national newspaper publisher, Trinity Mirror, was down by 9.7% to £80.9m for the six months to 1 July 2001, but nevertheless ahead of expectations.Like all newspaper groups, Trinity has been impacted by a 12% rise in newsprint costs this year, along with the broader downturn in advertising revenues. It is… Continue reading Profits Down At Trinity But Above Expectations
BSkyB was the best media performer of the day. After releasing its end of year results yesterday (see Sky Still Strong Despite Pre-Tax Losses), stock climbed 4.73% to finish at £7.08, an increase of 32p on the previous day.Reuters seemed to have regained face after announcing job cuts earlier in the week. Shares rose 4.14%… Continue reading Sharewatch
The BBC has put an end to months of press speculation by announcing that Eastenders will be shown four nights a week. From 10 August an extra episode will show on Fridays at 8pm.Controller of BBC1, Lorraine Heggessey, said: “Quality popular drama is one of the lynchpins of BBC1 and a fourth episode of Eastenders… Continue reading BBC Adds Eastenders To Fridays
Emap advertising and Nestle have announced plans for a cross media deal centred around Emap Performance’s flagship pop brand, Smash Hits, worth in excess of £2m.The cross media deal is the Emap’s biggest to date for a single brand and will run until 2003. It sees the creation of “Smarties Zones” across all Smash Hits… Continue reading Emap And Nestle Team Up In Cross Media Deal
Viacom Outdoor has announced that is creating a new department dedicated to its moving image innovation, XTP, on the London Underground.The move, which comes into effect immediately, supports Viacom Outdoor’s predictions that moving image technology will be one of the key revenue streams for the company’s growth over the next twelve months. The moving image… Continue reading Viacom Outdoor Creates Subway Department
Corporate communications website, DELL.com, was the top online advertiser for women during June, according to the latest figures from Netvalue. The site was visited by 2,071 individual women users throughout the month and achieved 14.9% digital reach of the total at home UK internet audience. MSN.com was in third position, reaching 1,894 women during June… Continue reading New Media Round-Up
The Telegraph Group is to take over the management of advertising sales for Sunday Business.The move, which will come into effect mid-August, will see Sunday Business retain its own sales team, which will be transferred to Canary Wharf where it will become part of the Telegraph’s sales operation.The deal gives the Sunday Business team access… Continue reading Telegraph Takes Over Ad Sales For Sunday Business
IPC Media has been bought by AOL Time Warner for £1.15 bn, the company confirmed late yesterday, ending weeks of speculation about the takeover.The consumer magazine publisher, which produces more than 100 titles including Loaded and Woman’s Own, is currently owned by venture capital company Cinven. Financial backing for the £860m management buy-out of IPC… Continue reading AOL Buys IPC Media For £1.15bn
The Advertising Standards Authority (ASA) has grounded Ryanair by upholding complaints against a poster for flights, but has given Daewoo the green light by dismissing objections that an advert for its new car was misleading.The ASA received complaints about a poster advertising flights on Ryanair, the poster stated: “We Guarantee the lowest Fares” and featured… Continue reading ASA Grounds Ryanair But Greenlights Daewoo
Reuters, which yesterday announced that it was to cut up to 1,200 jobs, was the worst media performer in yesterday’s market, with shares dropping 4.83% to finish at £7.48, a loss of 38p on the previous day.ITV partners Carlton and Granada continued to see shares drop. Carlton was down 0.33% to close at £3.04, 1p… Continue reading Sharewatch
