Media stocks extended their losses on Tuesday on volatile trading, triggered by weakness in the oil sector as the threat of a US-led military attack on Iraq looms heavily on the market.On the corporate newsfront, Carlton continued to slide as investors dismissed rumours of a take-over from WestLB. The stock was seen down 1.88%.Elsewhere, Reuters… Continue reading Sharewatch
CMR Predicts ‘Modest Growth’ For Advertising SectorUS adspend will increase by more than 3% to $117.5 billion in 2003, according to a full-year forecast issued by CMR yesterday.US Newspaper Revenue To Grow 4.0% In 2003, Says Merrill LynchFourth quarter advertising revenue for US newspapers will grow by 3.5%, with further rises predicted for 2003.GSM Success… Continue reading On MediaTel Insight Today…
Conde Nast’s heavyweight fashion magazine Vogue has ignited a wave of controversy after publishing a controversial Gucci ad in next month’s edition.The ad, shot by acclaimed photographer Mario Testino, depicts a model with her pubic hair shaved into Gucci’s trademark “G” symbol, while being pushed against a wall by a male model.A spokesperson for the… Continue reading Vogue Sparks Controversy With Gucci Ad
TV has had it tough recently, with the sharp downturn in the TV ad market causing untold hardship for almost all of the UK’s major commercial broadcasters. Last year saw ITV suffer following the collapse of ITV Digital; Channel 4 was forced to make a raft of job cuts and strategic belt tightening was adopted… Continue reading Feature: Green Shoots Of Recovery For TV Advertising
Indebted UK cable company, Telewest Communications, this morning said that it has reached a non-binding agreement with its senior lenders and bondholders over the terms of its new bank lending facilities.The amended bank facilities total £2.2 billion and will provide Telewest with ‘substantial liquidity’ that should meet the group’s funding requirements following the restructure, which,… Continue reading Telewest Agrees New £2.2bn Bank Lending Terms
The Electoral Commission has urged the Government to uphold the ban on paid-for political advertising in the broadcast media.In a new report into party political broadcasting the Commission argues that broadcasters should continue to carry free-to-air party political broadcasts, which should come under the authority of the new communications super-regulator, Ofcom.According to the report, there… Continue reading Report Warns Against US-Style Political Ads
Andy Coulson, who was yesterday appointed the new editor of the News Of The World, has received the seal of approval from News Corporation chairman Rupert Murdoch.In a statement, the media mogul commented: “Andy has been crucial to the News Of The World’s success in the last three years and I am sure he is… Continue reading New News Of The World Editor Given Murdoch’s Backing
The BBC is readying itself for possible military action against Iraq by securing a newsgathering exchange agreement with Qatar-based TV news channel al-Jazeera.The reciprocal deal will give both news organisations access to materials and co-operation on the ground with regard to sharing facilities, including al-Jazeera’s uplink in Kabul.Madhav Chinnappa, deputy head of rights at BBC… Continue reading BBC Secures News Exchange Deal With Al-Jazeera
Dawn Airey, the new controller of Sky Networks has appointed Sophie Turner Laing, the BBC’s controller of acquisitions to head up the group’s films and acquisitions business.The move is Airey’s first senior appointment since she took up her new post at Sky last week. She commented: “I am thrilled to welcome someone of Sophie’s talents… Continue reading Airey Makes First Executive Appointment At Sky
The Wireless Group, has appointed Calum Macaulay, the Group’s marketing director as the new business development director.Macaulay, who is 36, worked at TWG for four years prior to joining the Wireless Group.The new appointment will see Macaulay co-ordinate the group’s applications for radio licences across the Wireless Group’s portfolio of products which includes talkSPORT and… Continue reading Wireless Group Appoints New Business Development Director
