The announcement from SMG that it has increased its stake in Scottish Radio Holdings to 20.8% came too late in the day to affect share prices, although SMG managed to increase by 3½p to £2.71. The rocky ride experienced of late at Scottish Radio continued yesterday, as shares dropped 22½p to end at £15.87½.In general,… Continue reading Sharewatch
Johnston Press has issued a trading update prior to the release of its preliminary results for the year to 31 December on 21 March 2001. Despite recent fears in the industry of an advertising slowdown, the company reports an increase in like-for-like advertising revenue during the second half to date of nearly 6% compared to… Continue reading Johnston Press Releases Positive Trading Statement Ahead Of Results
Pearson has indicated that it is defying the advertising and dotcom slump and heading for revenue and operating profit growth for the year ending 31 December. Among its success stories will be the FT’s internet enterprises, which are expected to break even two years ahead of schedule, in 2002. The second half of this year… Continue reading Pearson Heralds Revenue And Profit Growth Despite Advertising Slump
The Radio Authority has made an offer to talkSPORT regarding the terms of renewal for its national analogue licence, following talkSPORT’s commitment to digital simulcast. If the deal is accepted, Kelvin MacKenzie’s company would pay a cash bid sum per annum of £500,000 for the eight year licence compared to the £4,251,660 it pays at… Continue reading TalkSPORT Offered Licence Renewal By Radio Authority
Britain’s leading internet company, Freeserve, reported increased losses in its interim results released today. Pre-tax losses for the 12-week period to the 11 November fell to £20.5m, compared to £3.6m for the same period last year.Increased investment was to blame as the group revealed the full extent of its problems as it prepares to be… Continue reading Freeserve Reports Increased Losses Ahead Of Sale To Wanadoo
Anglo-Dutch publishing group, VNU, has announced the acquisition of US market research group, ACNielsen. The deal, worth $2.3bn, will be settled by an all cash transaction.Due for completion in the first quarter of 2001, the deal will reunite ACNielsen Corp, which tracks consumer shopping habits and box-office and internet data, with its former television-ratings division,… Continue reading VNU In $2.3bn Deal To Buy ACNielsen
BT has announced details of the launch of its unmetered internet access package. BTinternet Anytime will be available from January for a flat rate of £14.99 per month.The group is to open up its flat-rate circuit (FRIACO) to rivals in January and the launch of Anytime will coincide with similar packages from AOL and Freeserve.… Continue reading BT Unveils FRIACO-based Unmetered Access Package
Despite the investment made in launching sites for women on the web recently, (see Feature: Publishers Bring Women’s Sites Into Focus) only one women’s portal, handbag.com made it into the top ten sites for UK women during November.According to the research by Jupiter MMXI, women are more drawn to the retail possibilities of the web,… Continue reading Shopping Sites Dominate UK Women’s Top Web Destinations
Confidence in TMT shares took a dip towards the end of last week, following a profits warning from Microsoft. Friday’s casualties included Emap, which ended down 5.6% at £7.76, having dropped 46p, Bright Station, down 2½p at 31½p, a fall of 7.4% and WPP, which fell 54p to £8.26.United News & Media has been renamed… Continue reading Sharewatch
Monday MediaTel’s weekly media focus and analysis, Media Track, is featured in Campaign Media Business.The UK’s leading internet portal, Freeserve, releases interim results.The Wireless Group holds an EGM.Tuesday The Office of National Statistics releases third-quarter figures showing the number of people with access to the internet.Wednesday A television viewing round-up for November will be available… Continue reading The Week Ahead
