Reed Elsevier is to launch a £70m venture fund which will take stakes in emerging technology and internet companies. With Diana Noble as managing director, Reed Elsevier Ventures will focus on later stage and pre-IPO companies, primarily in the US and Europe, in key strategic sectors for the company, including: Technology such as navigation tools,… Continue reading Reed Elsevier Announces £70m Venture Fund
Future Network will launch its Official PlayStation2 Magazine 2 today ahead of the launch of the new games console later in the month. Future will no doubt hope the new title enjoys the same success of its stablemate Official Playstation Magazine. In the meantime, a new appointment has been made, in the form of Karen… Continue reading Appointments Brief
Mediatrader, the MediaTel Group’s on-line media trading service has launched a new section, with Emap Media as its first user. The section, called ‘Cross Media’, launches this week and taps into the growing trend for marketing proposals created using brands which span the multimedia spectrum.Derek Jones, MediaTel Group’s MD commented, “MediaTrader has grown rapidly over… Continue reading MediaTrader Attracts Emap As First User Of New Cross Media Section
Capital Radio’s full year results produced a favourable response from the market on their release yesterday (see Capital Plans More Brand Investment For 2001, As Full Year Sees 9.5% Profit Rise). Shares in the company ended up 12½p at £13.75.Things were less positive for Pearson, the worst media performer yesterday. Shares ended down £1.18 at… Continue reading Sharewatch
Capital Radio released its preliminary full year results today, revealing a 9.5% year on year rise in profit before tax, which reached £41.3m, compared to £38.3m last year. Radio revenues grew by 13.9% over the year, but the acquisitions of the Beat 106 (see Capital Buys Beat 106, Announces Online Plans) and Century brands took… Continue reading Capital Plans More Brand Investment For 2001, As Full Year Sees 9.5% Profit Rise
NTL released its third quarter results today, revealing a large increase in net loss, despite the fact that revenues rose to $830m, almost doubling year on year. Last year losses for the period were $278m, but this year has seen the figure almost treble to $770m. The company has put this down to the cost… Continue reading Subscribers To Digital TV And Internet Increase, But So Do Losses At NTL
Channel 4 has signed a one year sponsorship deal for its Football Italia programming, magazine and website. The sponsors are to be Rivals.net, the European multi-sports website network part-owned by the Chrysalis Group.Marcus Leaver, chief executive of Rivals.net, commented, “Channel 4’s Football Italia programmes are watched by die hard football fans- the core of our… Continue reading Channel 4 Signs Rivals.net As Sponsors For Italian Football
Shares in Capital Radio ended down yesterday, by 62½p at £13.62½, ahead of today’s release of full year results (report to follow on Newsline). Another company with major radio assets, Emap, is due to release its half year results on Monday. Yesterday, shares ended up just 2p at £8.90.In an unspectacular day’s trading for media… Continue reading Sharewatch
Trials will begin this autumn for a new retail promotion channel which hopes to harness the growing popularity of mobile phones to target customers while they are out shopping. SpotFlash’s ZagMe system allows retailers to send SMS messages containing special offers and promotions to registered consumers when they are in the vicinity of stores.The trial… Continue reading Text Message Advertising System Hopes To Target Consumers On The Move
Around 50,000 new jobs are expected to be created within the UK’s creative industries over the next three years, according to Film and Broadcasting Minister Janet Anderson. Speaking at the London College of Fashion’s Millennium Conference, she said continued, saying that, “A majority of these will be skilled jobs – widening our skills base and… Continue reading Film And Broadcasting Minister Predicts 50,000 New Creative Industry Jobs By 2003
