Week on week comparison revealed a loss of 10.69% for United Business Media. The company, which announced on Friday that profits in its US based high-tech magazine division, CMP, would fall below expectations (see Profits Warning at United Business Media), saw shares fall 73˝p to finish at £6.14. The loss resulted from a slowdown in… Continue reading Sharewatch
In a submission to the Office of Fair Trading (OFT), The Wireless Group (TWG) has accused the BBC of abusing its position of dominance to drive commercial radio out of the sports market.TWG, owners of the commercial radio station talkSPORT claims that the BBC has been acquiring radio rights to sporting events at inflated prices… Continue reading Wireless Group Takes BBC Complaint To OFT
Emap’s Kiss 100 has become the latest radio station to use SMS advertising, encouraging over 40,000 listeners to take part in an interactive competition called ‘Hey Sexy’.The competition was developed by Angel marketing to help Kiss increase its reach of the 15-24 audience. Managing director of Angel, Trevor Rudder, said: “The competition was genuinely ground… Continue reading Kiss 100 Gets Sexy With SMS Text Campaign
Johnston Press Sees Positive Second HalfRegional newspaper publisher Johnston Press this morning said that trading for the first five months of the year has been better than expected, with like for like advertising revenues up 3% on the same period last year.In its pre-close period trading statement, Johnston said that despite the prevailing mood of… Continue reading Johnston Press Sees Positive Second Half
Granada has warned of dire consequences for ITV and ONdigital if the changes to media ownership rules are delayed for at least another two years, as seems likely following the opening of Parliament last week (see Communications Bill On Hold This Year). In a leaked correspondence published in this weekend’s Sunday Times, Granada chairman Charles… Continue reading Granada Warns Of ITV Disaster
Newly appointed ITV chief executive Stuart Prebble (see Prebble Heads Up An Integrated ITV) has outlined the new management structure which is to oversee the integrated ITV businesses: ITV Channels, ITV Digital and ITV.com.With Rob Fyfe confirmed as managing director of ITV Digital and David Liddiment in place as director of programmes, a director of… Continue reading ITV Chief Unveils Management Structure
Nearly 500m homes worldwide will have personal video recorders (PVR’s) by 2010, according to research just published.A survey carried out by Informa media, which publishes reports on the sector, predicts that there will be around 1m PVR homes in the UK by the end of this year. By 2002, when PVR technology will be included… Continue reading PVR Homes To Hit 500m By 2010
The number of new consumer magazines launched in the first four months of this year saw a year on year increase, despite widespread fears of an ad revenue downturn and saturation of the magazine market (see Feature: Has The Consumer Magazine Industry Reached Saturation Point?). Figures released by the Periodical Publishers’ Association (PPA) from Seymour… Continue reading Consumer Mag Launches Up Year On Year
Profits Warning at United Business MediaUnited Business Media (UBM) has announced that profits in its US-based high tech magazines division, CMP, will fall below expectations. In a statement today ahead of pre-closed period meetings with analysts, the company said that the expected slowing of market decline during May had not occurred and that despite “robust… Continue reading Profits Warning at United Business Media
Eight media companies saw shares rise yesterday. The most significant increase was seen by WPP which was up 2.84%, to finish at £6.52, 18p better off than the previous day.At the other end of the scale, Telewest was the day’s worst media performer, with shares sliding 9.19%, to close at 84p, down 8˝p on the… Continue reading Sharewatch
