The best performer in the FTSE 100 yesterday was Telewest, which jumped 11¾p to £1.10¾, a rise of over 11%. As stock markets around the world began to recover from recent lows, Reuters benefited from a positive Nasdaq, rising 40p to £8.10.Financial Times owner Pearson announced cuts to its internet activity spending in response to… Continue reading Sharewatch
Pearson is to cut around 40 jobs from its online division, which includes FT.com, in order to steer its businesses towards profitability by the end of 2002.The job losses will occur across the FT internet businesses, including FT.com, FT Careerpoint and FT Your Money. The reduction in staff is said to result from the integration… Continue reading 40 Jobs To Be Cut At Online FT
Chrysalis’ Galaxy Network is launching its first ever multi-media advertising campaign, worth in the region of £250,000 and utilising the specialist music press, new media and below the line activity. It follows the launch of the network’s first TV advert, currently running on MTV UK, MTV Base and MTV Extra.Nick Button, Galaxy Network’s brand director… Continue reading Galaxy Network Launches Multi-Media Ad Campaign
The Daily Express is thought to have lost the top three members of staff on its newsdesk. Sean Rayment, head of news, Alan Qualtrough, news editor and Phillip Derbyshire have all opted for voluntary redundancy following new owner Richard Desmond’s announcement of plans for drastic staff cuts. Paul Corley, head of factual programming at ITV… Continue reading Appointments Brief
Zenith has once again downgraded its global advertising forecast (see Zenith Report Forecasts Adspend Slowdown As Dotcoms Slump), including its expectations for the US market, where it predicts the first decline since 1991 will occur. Zenith has cut its forecast for US advertising growth from the 4.6% it stated in December 2000 to 2.4%. With… Continue reading Zenith Downgrades Advertising Forecasts For Global Markets
Offbeat humour in TV advertising prompted complaints from viewers to the ITC during February, but the regulators treated the campaigns in question with good humour. 81 complaints were received about the three treatments making up the latest Ikea campaign. These feature a Mafia style trio with Swedish accents appearing in peoples homes to interrogate them… Continue reading Bad Taste Humour In Ads Passed By ITC
Dennis Publishing has acquired a majority shareholding in car magazine Evo with immediate effect. The title will increase the proportion of motoring titles in the Dennis portfolio, which is currently dominated by computer and gaming magazines, as well as men’s title Maxim.Evo was launched in 1998 by Evo Publishing. In its first ABC audit it… Continue reading Dennis Adds New Automotive Title To Magazine Stable
Digital TV could be in the homes of 50% of consumers by 2002, according to new research. A Gallup poll undertaken for Pace Micro Technology revealed that in addition to the 28% of consumers who already take digital services, 13% intend to switch within 12 months. When this total is added to the number of… Continue reading 50% Of Homes Could Be Digital By 2002, Says Research
Capital Radio announced a series of syndication deals yesterday (see Capital Signs Syndication Deals For New Online Radio Stations) which will see sites including IPC’s revamped www.beme.com carry its niche online radio services. In the current climate of uncertainty regarding media investment, the market was not swayed and shares in Capital ended the day down… Continue reading Sharewatch
Reuters announced yesterday that it is pressing ahead with the proposed flotation of its financial information service Instinet. The move has provoked criticism from media analysts as the timing coincides with worldwide slumps in stock markets.The filing with the US Securities and Exchange Commission indicates the business is valued around $3bn, a figure which, while… Continue reading Reuters’ Plan To Float Instinet Meets With Market Criticism
