EMAP followed in the footsteps of BSkyB, Pearson and Reuters yesterday when it announced plans to further its internet business (see EMAP Announces Digital Plans). Media stock was still out of favour, however, and shares in the publishing group fell 183p to £13.16.Reuters was one of the worst performers on the FTSE with stock falling… Continue reading Sharewatch
Cable company NTL has joined the growing list of media groups investing heavily in digital media, by announcing plans to spend £25 million on the development of digital content over the next five years. The group says it hopes to ‘stimulate creative talent’ with its digital content fund, which will plough in around £5 million… Continue reading NTL To Invest £25m In Digital Content
BSkyB has announced plans to reposition its entertainment channel Sky One for a broader audience, according to a report in Broadcast. David Bergg, the channel’s new general manager, said that it will compete directly with BBC1 and ITV in the future.David Bergg joined the channel in December as general manager (see Sky One Appoints New… Continue reading Sky One To Compete For Mainstream Audience
Trinity Mirror has agreed to sell its Belfast Telegraph arm to Independent News & Media for £300 million and announced plans to invest up to £150 million in internet strategy. The news emerged as the group reported its first financial results since its merger last year.Disposal of Belfast Telegraph Newspapers, which includes the Belfast Telegraph… Continue reading Trinity Mirror Sells Belfast Telegraph To Independent
Total advertising revenue will grow by 5% in 2000 to just under £9900 million, according to the latest estimates from Optimedia. The internet will continue to generate record increases in revenue and significant growth can also be expected in the outdoor and radio industries.During 1999 total ad revenue grew by an estimated 7% to a… Continue reading Net Ad Revenue To Overtake Cinema In 2000
EMAP has announced a series of initiatives to expand its digital operations. It plans to spend up to £75 million on digital activity until March 2001 and EMAP Digital, which houses its online operations, will become a separate division .Headed by Paul Keenan, the division will be responsible for all online assets globally and will… Continue reading EMAP Announces Digital Plans
Channel 5 has signed an airtime-for-equity deal with internet start-up company Rapidinsure.co.uk. The deal, the first of its kind for a UK terrestrial broadcaster, will see C5 take a 8% stake in the new company in exchange for sponsorship on the channel.Channel 5 has been holding discussions with a number of new media companies since… Continue reading C5 Signs First Airtime-For-Equity Deal
The Advertising Association has appointed a new president. Niall Fitzgerald, chairman and chief executive officer of Unilever, will take up the position from 22 May this year. Advertising group WPP has appointed Christopher MacKenzie to the board. He will become the ninth non-executive director on the board. The Radio Advertising Bureau has produced a Guide… Continue reading Newsline Brief
The UK will be the most advanced digital television market in Europe by 2004, with almost 10 million digital homes, a new report has shown. According to technology research company Datamonitor, the UK and France will lead digital developments in Europe and by 2004 the UK will have 9.9 million digital TV homes, representing 27%… Continue reading UK Will Lead European Digital TV Development, Says Datamonitor
Members of the London Stock Exchange voted yesterday to convert the institution from a mutual to a public company. The move will give its 298 members shareholder status in the business, with share dealing due to begin in late April.Media stock tumbled yesterday as the London market’s reacted to a record fall amongst so-called TMT… Continue reading Sharewatch
