Publications

Format: Sep 2015
Sector(s) Datesort ascending
Channel 4 radio: six feet under

Channel 4 has announced the immediate withdrawal of its majority stake in 4 Digital Group, a new venture that was awarded the licence by Ofcom in 2007 to build the UK’s second national commercial radio DAB multiplex, and Channel 4 will not be launching its promised portfolio of broadcast radio channels

The obvious culprit is the weak economy, with mobile telecoms seeming to be more vulnerable to consumer cutbacks than previously thought, a hypothesis supported by recent consumer research

With European economic growth forecast to decline further, revenue growth is likely to drop below zero by the beginning of 2009, and then progressively worsen through 2009 as regulatory effects worsen, creating a very tough environment for mobile operators to preserve margins

 

  • Channel 4
Media, Music and Radio 11 October 2008
PVR+

Call it the Personal Video Recorder (PVR), the Digital Video Recorder (DVR), the Digital Television Recorder (DTR), or just Armageddon brought to Madison Avenue, this machine excited curiosity and angst from the very beginning due to its destructive potential for ad avoidance. That was at the end of the last millennium, since when the TV advertising industry has learned to take a more relaxed view. Early take-up was much slower than the forecasts had suggested, and once it became possible to measure PVR use electronically, there appeared to be more live viewing and less fast-forwarding through commercials than early market research interviews of PVR owners had suggested. But, it is also clear that the PVR is changing viewing habits over time and take-up in the UK is at last starting to rocket. This report examines current market trends and the impact of the PVR on viewing habits. It also updates our forecasts from April 2006

 

 

 

Media, TV 8 October 2008
UK Classified Advertising

UK classified advertising, which generated £4.8 billion in 2007 (26% of total UK advertising spend), could decline to £4.2 billion in 2008 and to £3.7 billion in 2009. In our view, advertisers are accelerating their shift online as a result of the economic downturn, while the property market’s steep decline depresses associated classifieds. Online has already overtaken national newspapers and magazines as classified advertising media, and looks set to rise above directories in 2008. In the near future, online will be the leading classified advertising medium, ahead of regional newspapers. The enclosed presentation updates for 2008 the information contained in Classified Advertising in the UK [2007-55]

 

 

 

Media, Press, Internet 7 October 2008
The second national digital radio multiplex

The second national digital radio multiplex, awarded by Ofcom in July 2007 to 4 Digital Group, has not yet been built, despite having promised a launch within twelve months

Media, Music and Radio 30 September 2008
Ofcom Second Consultation on pay-TV and the root wholesale issue

Ofcom’s second consultation document in its pay-TV investigation has focused on BSkyB’s wholesaling of designated premium film and sports channels, reviving memories of previous regulatory efforts to address the content wholesale/retail issue

 

 

  • Sky
Media, TV 30 September 2008
NGA in the UK and Ofcom's Second Consultation: edging forward

Ofcom’s second consultation document on Next Generation Access raised few new issues. Ofcom continues to favour passive access and emphasises the importance of joint investment in it

Telecoms, Fixed Line 29 September 2008
The Googlephone: nice software, shame about the hardware

The long awaited first Android-driven handset was launched this week, and with the Google logo emblazoned on the back it has been swiftly christened the Googlephone

 

  • Google
Telecoms, Mobile 24 September 2008
Mobile revenue growth to June 2008 and outlook: economic and regulatory worries

European revenue growth fell to 1.4% in the quarter, down 0.8ppts from 2.2% last quarter, driven primarily by Spain where growth fell 4.1ppts. The deterioration was despite an improvement in the regulatory conditions, and underlying growth fell by 1.0ppts, with Italy slowing rapidly

Telecoms, Mobile, Non-UK Telecoms 22 September 2008
ITV plc: economic downturn, NAR and cost reduction

We have downgraded our short-term forecasts of TV NAR (net advertising revenue) growth from -5% to -5.75% for 2008 and from -3% to -6% for 2009 in light of the worsening economic conditions and early indications of Q4 advertising spend

  • ITV
Media, TV 21 September 2008
UK advertising: online reality check

Deteriorating economic conditions are impacting growth in online advertising, with display and classified especially affected, though search, which accounts for about 60% of spend, remains relatively robust

Media, Internet 20 September 2008
Tiscali UK update – feeling the pinch

Tiscali UK’s H1 results showed falling subscribers, revenue and margins, as the competitiveness of the UK broadband market bites

Telecoms, Fixed Line 17 September 2008
UK broadband market Q2 2008

UK broadband market net additions in Q2 2008 were lower than at any point in five years. LLU data for Q3 to date suggests that a second half improvement will not be as substantial as in recent years

Telecoms, Fixed Line 13 September 2008
UK Commercial Radio Q2 2008

UK commercial radio revenues fell by 10.2% in Q2 2008 year-on-year to £134.2 million, the sector’s lowest quarter since 2000. In Q3 2008, commercial radio revenues are expected to be down 9% year-on-year as advertisers, particularly those in the finance and food sectors, continue to respond to the economic gloom by cutting their radio marketing budgets

Media, Music and Radio 9 September 2008
French broadband: down to three players, for how long?

Just three players now account for most French broadband connections: Orange’s DSL market share is closing on 50%, Iliad’s rose to 25% from consolidation with Alice, while SFR’s dropped to 23.7%, with Neuf’s rebrand imminent. Cable remains a minimal presence on broadband

  • SFR
  • Orange
  • Iliad
Telecoms, Fixed Line, Non-UK Telecoms 3 September 2008
Clear Channel – designs on global radio?

Encouraged by the way that Google has come to dominate the global market for online search advertising, Clear Channel and its rival CBS Radio are now eyeing the potential to dominate the global market for online radio advertising, and fend off Google. In July 2008, Clear Channel announced its plans to dominate the ‘internet radio’ market, by launching a ‘portal’ offering a vast array of radio programming, along with a new business unit to sell online advertising inventory. Although Clear Channel’s targets initially are US advertisers and US internet users, the company will likely target the UK market when it eventually decides to roll out its business model for online radio to the rest of the world. As a result, within the next decade, the UK commercial radio sector could face an additional source of competition from overseas media companies offering radio content delivered via the internet

  • Google
Media, Internet, Music and Radio 1 September 2008
H3G H1 2008 results and datacard economics

H3G Group’s H1 2008 results showed static revenue and EBITDA slipping back into negative territory, neither of which bode well for the company’s target of being EBIT positive next year

  • Hutchison 3G
Telecoms, Mobile 31 August 2008
TV and ITV NAR to 2012

2005 was an all time high for total TV net advertising revenues (NAR), even if ITV1, the leading commercial channel, had peaked the year before. 2008 is now proving particularly nasty for everyone as budgets take a plunge in the second half of the year, while expectations are growing that things will only get worse in 2009. This presentation sets out our latest five-year forecasts of total TV and ITV plc NAR, taking into account latest market trading expectations for September and October 2008 and trends in the economy

  • ITV
Media, TV 20 August 2008
Finding a buyer for Spain's Digital+

Prisa, the 98% owner of Sogecable, has put Spain’s leading pay-TV platform Digital+ up for sale in order to make a large reduction in its debts

  • Sogecable
Media, TV, Non-UK Media 12 August 2008
Virgin Media Q2 2008 results: continuing improvement but not yet firing on all cylinders

VMed’s Q2 results represent a further step in the recovery of the business, with fixed line churn continuing to fall and operating cash flow (OCF) continuing to grow, helped by a dramatic improvement in OCF at Virgin Mobile

  • Virgin Media
TV, Media, Telecoms, Fixed Line 9 August 2008
ITV 2008 interim results: battening down the hatches

ITV interim results for 2008 confirmed expectations of a sharp downturn in H1 profits combined with dire predictions for net advertising revenues in the second half of the year, although ITV has so far succeeded in outperforming the rest of the commercial sector in 2008

  • ITV
Media, TV 6 August 2008

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