Zoopla’s merger with the Digital Property Group: implications for digital property media
Zoopla and The Digital Property Group, DMGT’s property portfolio which includes Findaproperty, Primelocation and Globrix, announced a merger on 14 October 2011. Under the terms of the proposed merger, DMGT would receive a 55% interest in the merged entity
A merged Zoopla and DPG will compete more effectively with market leader Rightmove, in a property market scaled down by one-third in terms of the number of transactions |
Media, Press, Internet |
November 2011 Access this report
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YouView: better late than never
YouView, the hybrid DTT/IPTV service backed by the public service broadcasters, is here, but with an initial retail box price of £300 it will be heavily dependent on the subsidies offered by ISP distributors BT and TalkTalk The TV market has evolved since YouView’s conception in 2008, with many other internet-enabled options now available; its managed and integrated approach gives it some advantages but doesn’t make it a ‘must have’ We expect YouView to mainly appeal to Freeview and BT Vision upgraders and project take-up between 1-3 million TV homes by 2015, though if the product improve |
Media, TV, Internet, Technology |
July 2012 Access this report
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YouTube’s Original Channels venture
YouTube continues to evolve away from user-generated content with the expansion of its native Original Channels initiative in the US, Europe and Japan
Professional and semi-professional content is key to increasing YouTube’s sellable video inventory, raising advertising yield and attracting brand advertisers
Whilst YouTube is the leading global distribution platform for professional short-form video, it poses little immediate threat to TV viewing or revenues |
Media, TV, Internet |
January 2013 Access this report
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Yell UK and Classified Directory Advertising Services
Yell UK is the dominant supplier of Classified Advertising Directory Services (CDAS) in the UK. Its principal competitor is BT but, as a natural monopoly, it is regulated, and has just undergone a sector review lifting the price caps currently in place. What does the future now hold for Yell, and more generally for CDAS, which has been the only growth sector in print classified advertising since 2004? |
Media, Press, Internet |
February 2007 Access this report
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Yell still shouting as its market crashes
Revenues and profits continue to crash at the directory giant as local and small business expenditure shifts to cheaper online media
We believe Yell’s challenges may be less about share of voice, and more about how to absorb the pace of structural change – and to operate its business effectively from a much lower top-line
Tough conditions in all territories – UK, US, Spain and Latin America – have accelerated structural change, but Yell has some advantages over the start-ups, search algorithms and social networks that surround it |
Media, Press, Internet |
May 2011 Access this report
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Yell signals strategic shift
On 18 May Yell published a roughly as expected revenue decline for the year of 13.8%, and announced the departure of both its CEO and Finance Director, just six months after its mammoth refinancing was secured
The City responded swiftly and brutally, wiping 23% off the share price on further evidence of structural decline for the legacy print business, as well as instability at a critical time for Yell |
Media |
May 2010 Access this report
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Yell shortfall shines spotlight on local advertising
Yell announced this week that full year sales growth (to March 2008) in its UK operations would be 2%, sharply down from the previously forecast 3%, due to “toughening market conditions” since the start of 2008 |
Media |
February 2008 Access this report
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Yahoo!: acquisition by Microsoft most probable outcome
Microsoft’s $44.6 billion offer for Yahoo! represents the software giant’s last opportunity to compete with Google in the rapidly growing market for online advertising, which is forecast to double to $80 billion within three years |
Media, Internet |
February 2008 Access this report
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Winners and losers of the May 2010 general election
The outlook for ad-supported UK media businesses is brighter in the short term than in the medium term, irrespective of who wins the election, since fiscal tightening is inevitable early in the next parliament
We expect the Conservatives, should they win, to favour commercial media (Sky, ITV) over the BBC in general and in particular in the upcoming negotiations on the licence fee settlement post 2013
Super-fast broadband networks enjoy cross-party support, but Labour’s 50 pence landline tax was blocked by the Conservatives, who prefer to use a sm
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Media |
April 2010 Access this report
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Windows Phone 7: fast but late
Microsoft’s new Windows Phone 7 operating system is launching with a big bang: ten handsets, eighteen operators, and a massive marketing campaign
The OS itself is positioned firmly in between iPhone and Android in terms of ease-of-use and customisability; it is as fast as the best-in-class but no faster; and its interface is bold but will not be to everybody’s taste |
Media, Mobile, Internet, Technology, Telecoms |
October 2010 Access this report
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Will News Corp’s best and final offer be enough?
Jeremy Hunt announced on 25 January his intention to refer News Corp’s bid for BSkyB to the Competition Commission
However, he is first providing News Corp with the opportunity to address Ofcom’s concerns, and in so doing protecting his department and Ofcom from any legal threats
If Ofcom or the OFT say the News Corp remedies don’t go far enough, Jeremy Hunt will be then almost obliged to refer the transaction to the CC |
Media, TV, Fixed line, Press, Non-UK Media, Telecoms |
January 2011 Access this report
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Will Google buy Yell?
Rumours that Google was acquiring Yell emerged at the end of last week, but we doubt the search giant would be interested in purchasing a traditional media company, particularly not one predominantly in print |
Media, Internet |
January 2008 Access this report
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Will consumers pay for online news?
Newspaper publishers are about to enter a series of ‘online payment’ trials to help bolster disappointing online advertising performance that alone will be unable to support full scale newsrooms
Publishers are on the back foot, however: they have been giving away their content for free for almost a decade, and their core content does not have the unequivocal unique attributes of a football match, a movie or a pop song |
Media, Press, Internet |
May 2009 Access this report
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Where Did the Music Go?
This report provides our analysis of the main factors in the evolution of the global music market in the period 2002-2006. |
Media |
August 2002 Access this report
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What does ‘fit and proper’ mean?
Ofcom is entitled to consider whether News Corp is ‘fit and proper’ to own BSkyB’s channels, not the company itself
Precedent suggests that Ofcom will only be able to conclude that News Corp is unfit if the acquiring company’s directors are found guilty of a serious criminal offence. Suspicions, allegations and mistrust are absolutely not enough
We believe that Ofcom will only be able to assess whether News Corp is ‘fit and proper’ to own Sky channels after the transaction is concluded |
Media, TV, Fixed line, Press, Telecoms |
July 2011 Access this report
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Web TV: Project Kangaroo heads to the Competition Commission
Project Kangaroo, the planned joint venture between BBC Worldwide, ITV and C4 to pool archival resources and supply video-on-demand (VOD) to UK retail and wholesale customers, was referred by the Office of Fair Trading to the Competition Commission on 30th June |
Media, TV, Internet |
July 2008 Access this report
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Web TV: much hoopla, little moola
Early figures from the BBC show promising take-up of iPlayer, its web TV application to deliver BBC TV shows. More than 2 million people watched an average of just over one show per week in January, representing about 1.6% of TV viewing amongst iPlayer users |
Media, TV, Internet |
March 2008 Access this report
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Web TV: Kangaroo is dead, long live Marquee
Kangaroo – the proposed BBC Worldwide/ITV/Channel 4 video-on-demand (VOD) service – has been terminated by the Competition Commission (CC) due to fears that it could control the wholesale and retail supply of UK TV VOD
In our view the CC decision is a lucky escape for all three shareholders since it will save them from investing potentially tens of millions in an ill-advised venture which could have become a bottomless money pit when they can least afford it |
Media, TV, Internet |
February 2009 Access this report
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Warner Music Group: I will survive!
Warner Music Group reported a mild revenue decline in Q2 FY 2006/07, despite continued steep declines in CD sales in the US and elsewhere, by outperforming other CD suppliers, gaining from rising downloads and ringtone sales, persistent strength in music publishing, as well as favourable currency movements |
Media, Music and Radio |
May 2007 Access this report
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Wanadoo Q1 2002 Results
This note contains our latest update on Wanadoo, France's leading ISP and broadband service provider, following on from the report we issued in April. Wanadoo's Q1 2002 results are on target with the company's objectives for the year, despite sharp declines in portal and e-commerce revenues. The reason is Freeserve: a better deal from its network provider has raised ARPU to €5.7/month from €3.7/month in Q4 2001, and its PAYG customer base has expanded under continued marketing efforts. |
Media |
May 2002 Access this report
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