Granada has confirmed a gloomy outlook for TV revenues in the coming months with the release of its interim results today. In the face of a 5.4% drop in broadcast advertising revenue for the first half, the company is has warned of cost cutting measures, including, it is believed, the loss of 100 jobs, in… Continue reading Granada Confirms Difficult Market With Interim Results
Dr Kim Howells has been appointed Minister for Tourism, Film and Broadcasting as the Blair government settles in for a second term. Howells, MP for Pontypridd, has been given the role of Parliamentary Under Secretary of State for the Department of Culture, Media and Sport (DCMS), now headed up by Tessa Jowell (see Smith Replaced… Continue reading New Minister For Tourism, Film And Broadcasting Appointed
As expected, Granada dropped into loss during the first half of this year, mainly due to the continued downturn in ITV advertising volumes .Pre-tax loss for the six months to 31 March, after exceptionals, digital spend and goodwill, came in at £69 million. This is dramatically down on the £239 million profit the company made… Continue reading Continued Ad Revenue Woe At Granada, But Results Are Top End Of Predictions
Granada, which will today announce its interim results, saw shares slide 1.96% yesterday, closing at £1.67, a loss of 3.34p on the previous day,.Cordiant and Telewest suffered the most significant losses of the media groups yesterday. The former fell 9.82% to finish at £2.21, with a loss of 24p. The latter faltering by 5.17% to… Continue reading Sharewatch
A quick flick through recent news from the consumer magazine industry could well lead an impartial reader to the conclusion that many of the markets are simply full-up. Saturated with a broad range of established and popular titles, both the women’s glossies and the men’s lifestyle sectors seem unable to sustain any new entrants.It’s not… Continue reading Feature: Has The Consumer Magazine Industry Reached Saturation Point?
Channel 5 has announced that it will move its main evening news bulletin to 7.30pm and introduce a new bulletin at 5.30pm. The extra bulletin allows the channel to sidestep an ITC decision stating that news must be shown during peak time.The new bulletins, which will begin on 16 July, mean that the channel will… Continue reading Channel 5 Sidesteps ITC Decision With New 5.30pm News Bulletin
TalkSPORT has secured its largest sponsorship deal yet. The £1m sponsorship deal will see John Smith’s back the station’s sports breakfast show.The new No Nonsense Sports Breakfast will air Monday to Friday for 53 weeks from July 2, and will carry live and pre-recorded credits and trails advertising the John Smith’s brand.Sales director at TWG… Continue reading talkSPORT Sponsorship Deal Brings Beer To Breakfast Time
Shares in the broadcasting sector took a slump yesterday as reports claimed that Granada’s financial results, due tomorrow, will show deepening woes for ITV’s advertising revenues.The Financial Times says that ITV ad revenue is likely to be down almost 25% in July; in April revenues were down by 18.9%, according to buyers’ estimates collected by… Continue reading Reports Predict Continued Gloom From Granada Results
Following a report in the Wall Street Journal this morning, speculation is rife that IPC may be in talks with AOL Time Warner regarding a possible buy out. Although IPC Media has repeatedly denied that it is up for sale, chief executive Sly Bailey recently acknowledged the possibility of a sale or flotation “within the… Continue reading AOL Time Warner May Bid For IPC
IPC Country & Leisure has demonstrated that there is life after the dotcom fallout by declaring the launch of its internet magazine Web User a success. An audited statement for the first three issues released by the publishers suggests that the title has achieved market leadership with an average circulation of 92,000.Since its launch on… Continue reading IPC Declares New Web Magazine A Success
