Date

Wed - 13.12.2017


June 2007

U.S. online advertising and access spending is expected to continue to grow with double digits through 2011, based on the report “Global Entertainment and Media Outlook: 2007-2011” by PricewaterhouseCoopers.

U.S. spending on online advertising and fees paid by consumers to ISPs is estimated to grow from $47.2 billion in 2006, to $78.4 billion by 2011, the report states. It has an average annual growth rate of 10.7 percent.

China will overtake the U.S., currently the world's largest online advertising market, by 2009, and become the largest market in terms of online users around the world, the report also noted.

The loss of TV audiences have helped Internet advertising a lot, since the Internet has become “an integral hub of their daily experience,” said Joseph Rizzo, PwC advisory technology sector leader.

Author

Erina Lin

Date

2007-06-23 05:02

The global entertainment and media industry will bring in $2 trillion in 2011, according a report by PricewaterhouseCoopers.

“Global Entertainment and Media Outlook: 2007-2011” also showed that digital media, especially online and wireless, are the key growth drivers, accounting for nearly half of the industry's growth over the five-year period. But in bad news for print, the report found that in 2009, the U.S. Internet advertising and access spending will exceed the spending on newspaper publishing.

The U.S., though still the largest, is the media market with slowest growth around the world, at an estimated 5.3 percent compound annual growth rate, compared with an estimated CAGR of 13.5 percent in the Asia Pacific, the fastest-growing region.

Author

Erina Lin

Date

2007-06-23 04:57

Worldwide Yellow Pages revenues reached $30.5 billion, according to the report “Global Yellow Pages 2007: The Kelsey Group's Outlook & Forecast.”

The report also stated that online revenues will account for nearly 30 percent of global yellow pages revenues by 2011, more than twice the 12.4 percent in 2006.

Based on the study, yellow page ads make up 7.1 percent of all global advertising revenues.

The Kelsey Group's Charles Laughlin said small businesses are more interested in using the Internet to attract customers, but buying digital media is complex to them. “For this reason, the yellow pages sales force has emerged as an enviable asset among local media players vying for small business ad dollars," he said.

Author

Erina Lin

Date

2007-06-23 04:53

The UK's Channel 4 will partner with Flickr for a reality programme aimed at aspiring photographers beginning June 30.

Contestants will be invited to the online photo community website to submit their photos. Flickr users will vote and become part of the selection process. The programme will be released in the first quarter of 2008.

“The TV show and interactive elements are completely integrated so that what happens on TV will have an impact online and vice versa…we want to bring in new audiences for us and for Flickr,” said Adam Gee, Channel 4's new media commissioner.

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Author

Erina Lin

Date

2007-06-23 04:42

China's official news agency Xinhua will launch of a real-time financial data service, the agency announced.
The trial run of "Xinhua 08" began this week, providing real-time data to more than 190 key financial institution and companies throughout the country.

The system offers information such as news, currency exchange rates, financial markets, energy and real estate. Models for financial analysis are also built in in this system.

Author

Erina Lin

Date

2007-06-22 15:36

China has given Google preliminary approval to provide online content in the country, Google announced Wednesday.

The license from China's Ministry of Information and Industry will potentially allow Google to offer news to Internet users in China, and may ultimately help to increase advertising revenues, according to an analysis from Reuters.

Google China will help speed up Internet development by installing more servers across the country, said Dr. Kai-Fu Lee, president of Google China.

Google's competitor, and also the Web search market leader in China, www.Baidu.com, received its license at the beginning of this year.

Author

Erina Lin

Date

2007-06-22 15:34

MSNBC released a list today of 144 journalists who donated to political campaigns or causes in the United States from 2004 to early 2007, according to public records of the Federal Election Commission. Those working for newspapers made up the largest number, even though some newspapers have ethics clauses prohibiting or discouraging these types of donations.

Two journalists gave to both parties, but 125 journalists gave to Democrats and liberal causes, while only 17 gave to Republicans and conservative causes.

Newspapers that have ethics clauses in place do so to ward off any appearance of bias. So what are readers supposed to think when a junior editor at Dow Jones Newswires gave $1,036 to the liberal group MoveOn.org and writes a blog listing “people I don't like” as George Bush, Pat Robertson, the Christian Coalition, the NRA and corporate America? Or when an assistant managing editor at Forbes magazine sent $2,000 to Republicans and also volunteers as the director of a group funded by ExxonMobil that questions global warming? Even the ethics columnist at the New York Times, Randy Cohen, made the list by donating $585 in three donations in August 2004 to MoveOn.org, which conducted get-out-the-vote drives to defeat President George Bush.

Tags

Author

Leah McBride Mensching

Date

2007-06-22 03:58

In a presentation at the Mid-Year Media Review in New York this week, a statement by Reide Ashe, Media General's chief operating officer, sums up what everyone seems to be saying, “The Internet is no longer an add-on. For many applications such as breaking news or, increasingly, classified advertising, it's now our primary medium.”

Media General owns three metropolitan newspapers, 22 daily community newspapers and more than 150 weekly newspapers and other publications, plus 23 network-affiliated TV stations. It also operates 75 online enterprises aligned with those newspaper and TV outlets.

Media General's May newspaper revenues were down 14.9 percent over the same month a year ago, but Marshall Morton, president and CEO of Media General, is aiming for $40 million in online revenues this year, and $50 million next year.

Morton said the company's goals are to increase its total audience in all markets by creating a strong Internet presence, introducing new products and services and continually enhancing newspapers and TV stations. “Going forward, we are focusing increasingly on display and rich media ads from local and national advertisers. These categories have grown 65 percent and 104 percent respectively, in 2007,” he said at the meeting.

Author

Leah McBride Mensching

Date

2007-06-22 03:53

The largest newspaper and magazine distributors in the Czech Republic announced today that they made profits in 2006.

Mediaprint & Kapa Pressegrosso's profit rose by half, to Kc18 million (€ 628,677), while Prvni novinova spolecnost (PNS) saw its net profit fall by more than 20 percent to Kc 197.2 million (€ 6.88 million). PNS officials said the company's turnover has dropped nearly 1 percent each year, to Kc 5.793 billion (€ 207.1 billion) in 2006, and covers 80 percent of the Czech market.

PNS said profits affected increasing costs of IT projects and deferred tax, as the company paid Kc 30 million more in income tax.

Mediaprint & Kapa Pressegrosso's net profit after taxes was Kc 17.97 (€627,424), Radek Vankat, the company's chief executive told the Prague Daily Monitor.

Tags

Author

Leah McBride Mensching

Date

2007-06-22 03:49

The world's largest luxury goods maker, LVMH Moet Hennessy Louis Vuitton SA, entered into exclusive negotiation talks with Pearson Plc to by the French financial newspaper Les Echos.

“Should the transaction proceed, LVMH intends to invest in Groupe Les Echos and grow its leading French business and financial titles,” including the Web site www.lesechos.fr and Enjeux magazine, the company said in a statement. LVMH is run by French billionaire Bernard Arnault.

Groupe Les Echos 2006 sales reached 126 million Euros, contributing 10 million Euros to Pearson's operating profit.

The possibility of selling Groupe Les Echos to LVMH, much like Rupert Murdoch's News Corp.'s bid to buy Dow Jones & Co., “raises concern among journalists that these billionaire owners would use news outlets to advance their business interests,” writes Bloomberg's Ladka Bauerova. In an e-mailed statement to Bloomberg, Les Echos employees wrote that a sale to LVMH would threaten the newspaper's editorial independence and would result in job cuts. Employees blocked publication of Wednesday's paper after the French daily newspaper Le Figaro reported that LVMH was a possible buyer.

Tags

Author

Leah McBride Mensching

Date

2007-06-22 03:43

The board of Dow Jones & Company, which publishes The Wall Street Journal, is taking over negotiations with Rupert Murdoch's News Corporation over the media conglomerate's unsought $5 billion bid to buy the company.

The company's announcement states that “the best way to continue to evaluate the News Corporation proposal to acquire the Company would be for the Board of Directors to take the lead in addressing all aspects of the proposal and all other strategic alternatives, including remaining independent.” The statement added that the board of directors, including representatives of the Bancroft family, which owns shares representing a majority of the company's voting power, will continue to discuss the proposal with News Corp., as well as explore other alternatives to News Corp.'s offer.

Author

Leah McBride Mensching

Date

2007-06-22 03:34

The New York Times Company will increase newsstand and home-delivery prices in July in an attempt to replace lost revenue, as advertisers continue to focus more on the Internet and less on print.

The Times Company reported its advertising revenue is down 4.4 percent so far this year, with a decline of 8.5 percent in May from the same month last year.

The price hikes should produce an additional $7 million to $8 million in revenue this year and up to $16 million (€11.94 million) in 2008, Janet Robinson, chief executive of the Times Company told an investor conference sponsored by the Newspaper Association of America Wednesday.

The newspaper's cover price will increase from $1 to $1.25, beginning July 16. Newsstand prices for the Sunday edition will reach $4, up from $3.50, in the New York area on July 15. Additionally, home delivery rates will increase 3 to 4 percent across the United States, according to a statement by Catherine Mathis, a spokeswoman for the Times Company.

Robinson noted the Times Company's online business currently makes up about 10 percent of the company's total revenue, compared with 7.5 percent at the same time last year. The Times' About.com, which the company bought in 2005 for $410 million in cash from Primedia Inc., is seeing a 26 percent increase in revenue this year through May, she said.

Tags

Author

Leah McBride Mensching

Date

2007-06-22 03:29

Gannett, the United State's largest newspaper group, saw a 7 percent decline in overall revenue in May, compared to last year, while Lee Enterprises saw a 1.7 percent revenue decline and McClatchy's revenue fell 10.4 percent.

By category, Ganett's advertising revenues showed where the trouble could be coming from: local advertising is down 6.3 percent, classifieds are down 8 percent, real estate down 9 percent, employment down 9.6 percent, automotive down 13 percent and national ads down 5.4 percent.

Lee's online advertising revenue jumped 60.2 percent in May, compared with the same month last year, but after being combined with advertising revenue losses on the print side, the overall revenue decline is at 1.7 percent. Print retail advertising at Lee was down 4 percent, classifieds declined 5.6 percent, employment fell 12.4 percent, automotive was down 10.5 percent, and real estate 9.9 percent.

An 11.5 percent drop in advertising revenues was a major factor in a 10.4 dip in overall revenues for McClatchy. Gary Pruitt, McClatchy's chairman and chief executive officer said classified ads, especially in the real estate categories, were to blame for the low revenues.

Author

Leah McBride Mensching

Date

2007-06-22 03:28

A Dare County judge ordered the town of Kitty Hawk, North Carolina to pay The Outer Banks Sentinel $75,000 to cover legal fees the newspaper racked up as it fought to access government records.

The newspaper sued the town in 2004, after city officials refused to release billing records of the town's contract attorney in 2003 and 2004. The Sentinel also wanted copies of contracts, engineering documents and appraisals, in an attempt to find out whether the town was paying proper compensation for condemned properties. The North Carolina Court of Appeals ruled earlier this year that the documents were public record, and the newspaper was entitled to them.

Superior Court Judge Richard Parker said in a June 19 decision that the town's attorneys used “totally unwarranted” tactics in defending the case, which added to the newspaper's legal costs. The town's current attorney, Robert Outten, who was not part of the original legal dispute, said the town officials respected the judge's ruling.

For years, media and government watchdog groups have tried to persuade lawmakers to make the awarding of such fees automatic, and in many cases only small amounts are awarded to individuals who incur large legal bills while trying to gain access to records or other information they are entitled to, said Hugh Stevens, an attorney representing the Sentinel.

Author

Leah McBride Mensching

Date

2007-06-22 03:20


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