Anglo-Dutch publisher Reed Elsevier dropped 3.23% yesterday to rest at 450p ahead of financial results due to be released today and concerns that the weaker dollar and declining revenue from education and business titles may affect earnings.Meanwhile, Reuters dropped 4.48% after Tuesday’s announcement that underlying profits for the full year which are significantly ahead of… Continue reading Sharewatch: Reed Elsevier Dips Ahead Of Results
BT Group has secured a wide-ranging deal with British Airways that will see wireless broadband access offered to thousands of business travellers in airports around the world.The agreement will see a number of BT Openzone access points installed in executive lounges across the UK and other international destinations from April this year, in a move… Continue reading BT Secures Wide-Ranging WiFi Deal With British Airways
Capital Disney, the digital radio station for 8-14 year olds, has secured a cross-platform content and advertising deal to promote the latest movie release from Twentieth Century Fox, Cheaper by the Dozen.The venture between the Capital Radio Group and Twentieth Century Fox is the first of its kind and features online advertorials, as well as… Continue reading Capital Disney Secures Deal With Twentieth Century Fox
Anglo-Dutch publishing group Reed Elsevier today posted increased pre-tax profits for 2003 but said it expects growth to slow in the coming year as the continued economic downturn takes its toll.Pre-tax profits were up 9%, from £927m to £1.01 billion. Reed said the figure would have reached 10% if adjusted at full year currency rates… Continue reading Reed Elsevier Sees 2003 Profits Rise But Predicts Dip
BSkyB is understood to have poached Five’s deputy chief executive, Nick Milligan, to take up a newly created role at its advertising sales operation.Unconfirmed reports suggest that Milligan, who has occupied a number of senior positions at Five, is set to take up a high-level role at Sky Media overseeing such operations as the sale… Continue reading BSkyB Poaches Five’s Milligan To Join Sales Division
Beleaguered cable operator Telewest has announced the resignation of its group managing director, Charles Burdick, after less than two years at the company’s helm.Burdick, who steps down with immediate effect, will stay on as a consultant to the company until the completion of its financial restructuring, but will then relinquish his directorship to pursue other… Continue reading Burdick Steps Down As Telewest Managing Director
ITV Sales has announced the appointment of Gary Knight as head of sponsorship and branded content following the completion of Carlton and Granada’s multibillion pound merger earlier this month.Knight takes up the position at the newly created company with immediate effect after having moved from Granada Enterprises, where he has been executive director of commercial… Continue reading ITV Sales Appoints Knight To Lead Sponsorship Division
Proposals by Ofcom to introduce a range of new community radio stations across the UK are being met with criticism from commercial radio companies and industry bodies.The new super-regulator plans to launch a number of not-for-profit stations that will be funded by Government grants and advertising revenue. The community radio projects will provide services for… Continue reading Ofcom Out Of Tune Over Community Radio Proposals
The US market for set-top boxes with integrated PVR’s (personal video recorders) will grow six-fold between now and 2008, according to new data from Park Associates. The standalone PVR market will be supplanted by set-top recorders provided by television service operators, along the lines of Sky+ in the UK, and will reach 25m US homes… Continue reading MediaTel Insight: Integrated PVR’s To Boom In The US
Media stocks rose yesterday following an announcement by Reuters of underlying profits ahead of market expectations (see Reuters Results Beat Expectations As Profit Returns).The company jumped 18.41% higher to close at 429źp and other media companies followed. Emap rose 2.79% to 920p and Pearson, owner of the Financial Times, climbed 3.33% to finish at 605p.Regional… Continue reading Sharewatch: Reuters Results Fuel Media Stock Upsurge
