Future Network suffered the greatest loss among media stock in yesterday’s market, with shares dropping 7.69%, to close at 66p for the day, a loss of 5½p.Cordiant continued its poor run yesterday, dropping 5.44%, to finish at £2, down 11½p.Yesterday’s market was dominated by loss with only two media companies managing an increase in stock.… Continue reading Sharewatch
It may not have pleased the ITV companies, but the news that changes to the rules on cross-media ownership will not reach Parliament this year (see Communications Bill On Hold This Year) has been welcomed by the advertising agencies’ trade body, the Institute of Practitioners in Advertising (IPA).“If delay means that greater thought is to… Continue reading IPA Welcomes Delay To Ownership Relaxation
Cable and Wireless was the worst media performer of the day again yesterday, with shares falling 3.58% to close at £4.04, a loss of 15p on the previous day.Maiden’s poor run also continued with stock sliding 2.17%, to finish at £4.50, shedding 10p on the previous day.Taylor Nelson Sofres saw the highest rise among media… Continue reading Sharewatch
The Advertising Standards Authority (ASA) proved that they are not wholly against controversy, deeming the latest addition to French Connection’s infamous FCUK campaign, ‘unlikely to cause serious or widespread offence’. The ASA received complaints that a cinema commercial for the FCUK brand was offensive, despite having been approved by the Cinema Advertising Association (CIA) to… Continue reading FCUK OK According To ASA
ITV Chief executive, Stuart Prebble, has demanded that the government make a commitment to the digital switch over, while accusing the BBC of wasting license fee payers money.Speaking at the annual Goodman Derrick lecture last night, Prebble accused the the government of not doing enough to promote the digital switchover. He called on the Secretary… Continue reading Prebble Demands Government Commitment To Digital
GWR chief executive Ralph Bernard suggested today that aspects of last year’s Communications White Paper expected to be omitted from the Bill going through parliament this year- namely those relating to media ownership -could still be included if the industry reaches a conclusion in time, creating a “ready-to-go” Bill.Speaking in reaction the Queen’s speech at… Continue reading Radio Group Welcomes Communications Bill Drafting
The Queen’s speech today will unveil over 20 bills for the first legislative programme of Labour’s second term, but the Communications Bill will not be among them, with a focus on reform issues such as health, education and crime being favoured. However, a bill setting up the “super-regulator” OFCOM will be included for this period.The… Continue reading Communications Bill On Hold This Year
Jupiter Slashes Online Ad ForecastsTo an assembled audience of advertising honchos in Cannes, Jupiter announced yesterday that it was cutting its global online advertising forecasts for 2001 from 47% growth to just 12% due to the extreme uncertainty of the market.Top advertising executives from around the world are in Cannes for the annual International Advertising… Continue reading Jupiter Slashes Online Ad Forecasts
Not a day goes by at present when there isn’t some mention of the dotcom boom fall-out or the advertising slowdown that have plagued media companies so far this year. Revenues at ITV have been particularly hard hit as recent figures from Granada and Carlton have shown. Shares tumble; brokers downgrade; media-land sulks.It is interesting… Continue reading Feature: National Papers’ Display Pages Hold Strong
AOL Time Warner Scraps Talks With IPCReports this morning suggest that talks between AOL Time Warner and IPC (see AOL Time Warner May Bid For IPC) have fallen through. The valuation of the company is thought to have been the reason for the breakdown as IPC and its largest shareholder, Cinven, deemed the offer price,… Continue reading AOL Time Warner Scraps Talks With IPC
