DMGT offloads Evening Standard for £15 million
DMGT has sold a 75% stake in its London title, the Evening Standard, to Russian investor Alexander Lebedev for £15 million
The deal helps DMGT reduce its losses at the title, thought to be up to £20 million a year |
Media, Press |
January 2009 Access this report
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E-Recruitment and Regional Newspapers
A new menace hangs over the future of regional newspapers, an industry already suffering from declining display advertising and paid circulation. Starting with the NHS Electronic Recruitment Programme (ERP) launched this month, we expect the public sector will shift recruitment activity to its own sites, in the wider context of e-Government objectives to bring all services online by 2005. |
Media |
March 2004 Access this report
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E-Recruitment and UK Regional Newspapers
Recruitment ad spend has led the growth of ad revenues of regional newspapers in recent years. Declining recruitment ad volumes in Q2 2005 and weak outlook for H2 2005 will significantly reduce ad revenue growth in 2005 from the 4.9% of 2004. This outlook will adversely impact groups that are more heavily reliant on recruitment ad spend, such as Northcliffe Newspaper Group and Trinity Mirror Group, and both have confirmed the challenging nature of the current trading environment in their results. |
Media |
August 2005 Access this report
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Ebooks and accelerated change in bookselling
Amazon now sells more ebooks than print books on Amazon.com, while overall US ebook sales were 15.6% of the consumer market in March, up 142% from last year. Meanwhile, for some publishers over half of book sales are now through companies that are not book sellers
Waterstone’s has been bought by a Russian investor for £53m, with James Daunt parachuted in to take it back to its roots in bookselling, while in the USA John Malone has bid for Barnes & Noble valuing it at $1.45bn |
Media, Mobile, Technology, Telecoms |
May 2011 Access this report
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ECJ Murphy judgment - Who will win?
The European Court of Justice (ECJ) judgment in the Portsmouth pub landlady case looks to have opened the door to legitimising the private or domestic use of decoders to watch premium sports and other pay-TV content outside the territories for which they were licensed
The outcome could prove to be a significant commercial opportunity for Sky to expand its overseas distribution among residential customers, but an extra test for the Football Association Premier League (PL) as it designs the next round of contracts with a view to at least maintaining current revenues |
Media, TV |
October 2011 Access this report
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Election winners and losers: revisited
A hung Parliament now appears the most likely outcome of the UK general election on 6 May, giving the Liberal Democrats influence, in terms of votes and seats, over the next government
Because the Lib Dems are ideologically closer to Labour than to the Conservatives, we anticipate their influence will favour the policy and regulatory status quo in media and telecommunications in relation to the proposals made by the Conservatives |
Media |
April 2010 Access this report
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Emap - pick up the pieces
Emap, the consumer and business-to-business (B2B) publisher, appears ripe for a break-up. This report examines the health of the group's principal consumer magazine and radio assets, as well as its B2B assets. The latter, in our view, could prove particularly attractive to media-hungry private equity, based on recent valuations of business media assets. The consumer magazines segment is under pressure from circulation declines, and Emap’s digital strategy for its titles has yet to bear fruit. Meanwhile, Emap’s radio division has not been spared the market's overall decline |
Media, Press |
June 2007 Access this report
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Emap Sale and Consumer Magazine Trends
Emap’s decision in July 2007 to sell off the entire group – consumer magazines, radio and business-to-business (B2B) – as a whole or in parts, provides the context for our examination of the state of the consumer magazine sector. The recently released ABC circulation figures highlight the plight of this sector as a whole and, within it, the precarious state of certain genres, especially lad's magazines. This report presents our analysis of the ABC circulation figures and provides our forecasts for the sector to 2012 |
Media, Press |
September 2007 Access this report
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Emap – can't get used to losing you
Emap’s sale last week of its consumer magazine and radio divisions to H. Bauer, the German privately-held publisher, for £1.14 billion is nothing short of miraculous given declining consumption and advertising trends in those business sectors currently, and for 2008 |
Media, Press, Music and Radio |
December 2007 Access this report
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EMI and WMG: into the end game
Citigroup acquired Terra Firma’s EMI Group on 1 February and may look for buyers in the near future. Although Terra Firma paid far too much for EMI Group in 2007, it significantly improved the operating metrics
Warner Music Group has entered the fray as a buyer or a seller of music assets. We think WMG’s management will keep the recorded music division and sell Warner/Chappell |
Media, Music and Radio, Non-UK Media |
February 2011 Access this report
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EMI Music Group
A few weeks ago, it looked as though EMI would follow Safeway into a frenzied auction in which trade buyers competed with canny buy-out funds. The rumoured interest was sparked by the steady fall in EMI's share price over the course of 2002, which had reduced the value of the entire company to close to the perceived worth of the Music Publishing division. |
Media |
January 2003 Access this report
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EMI-WMG Merger Prospects
Talk of a merger between the recorded music divisions of EMI and Warner Music Group to create the third largest recorded music group has been simmering for at least six months. After two failed attempts in the past six years, the logic of a merger continues to be strong and scale is an even more compelling objective given the continued difficult conditions in the recorded music market, despite rising digital sales in line with our forecasts. |
Media |
March 2006 Access this report
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EMI: the game of musical chairs continues
Citigroup has agreed to dispose of EMI’s recorded music division to Universal Music Group, and a Sony-led consortium is buying EMI’s music publishing division
UMG’s merger with EMI may raise competition concerns in the US and EU on the already concentrated recorded music market. Citigroup bears no risk
Depending on the nature of the strategic alliance between Sony/ATV Music Publishing and EMI Music Publishing, the EU may raise competition concerns on digital licensing |
Media, Music and Radio |
December 2011 Access this report
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EMI: underperforming in difficult times
Steep drops in US and UK recorded music sales dragged EMI’s group revenue 15.8% lower for FY 2006/07. EMI’s underperformance of the sagging recorded music industry highlights the scale of the challenge facing any prospective new owner |
Media, Music and Radio |
May 2007 Access this report
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Enders Analysis' Annual Conference
Enders Analysis co-hosted its annual conference, in conjunction with BNP Paribas and Deloitte, in London on 19 January 2012. The event featured talks by 13 of the most influential figures in media and telecoms, and was chaired by Sir Peter Bazalgette. An edited transcript of notes taken during the speaker presentations follows. |
Media, Technology, Telecoms |
February 2012 Access this report
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ESPN and Sky - The new complementary premium sports duo
According to recent speculation, Sky stands to benefit materially in the short-term from the replacement of Setanta by ESPN, but could suffer from rights inflation and worse in the longer term should ESPN become really successful
ESPN’s commitment to a pure wholesale channel distribution model across all platforms and lower outlay on rights gives a real chance of building a viable business where Setanta failed |
Media, TV |
August 2009 Access this report
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European B2C E-Commerce Update
This report updates our July 2000 report on European B2C e-commerce, with a special focus on the UK market.
We estimate that global net adds were 48m in Q2, down from 58m in Q1 2001. The total net adds so far this year of 106m is 53% of our full year forecast of 201m for these territories, which supports our forecast of 375 million units shipped given that net adds will likely continue to decline in Q3 followed by the seasonally strong Q4. |
Media |
April 2001 Access this report
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European digital television platforms update
The switchover to digital television is well advanced in Europe – it is already completed in The Netherlands, Sweden and Germany (but not on cable) and will be over in all other large markets by 2012
This report presents a cross-country comparative assessment of TV platforms switching over and the emergence and adoption of new digital platforms, such as DTT, IPTV and free digital satellite |
Media, TV, Non-UK Media |
February 2010 Access this report
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European DTV Trends 2003-2005
European digital TV take-up enjoyed a mild recovery in 2003, adding about 4 million households to reach 30 million households at the end of the year. We expect the momentum to build in 2004 and 2005. This is the main conclusion of our assessment of European trends in 2003 of take-up of digital satellite TV (DST), digital terrestrial TV (DTT) and digital cable TV (DCT). |
Media |
January 2004 Access this report
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European internet advertising trends
Broadband penetration and Internet usage in continental European countries are catching up with the US and UK, but consumer e-commerce and internet advertising spend still massively lag behind. Online advertising is growing more rapidly in Germany and France than in the UK, driven by rapid take-up of paid search by advertisers
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Media, Internet, Non-UK Media |
June 2007 Access this report
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