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Downward market trend hits media shares

at 192p. WPP Group, which has risen this week after a recommendation from Deutsche Bank ...

SMG forecasts cut to reflect ITV revenues

LONDON - Shares in Scottish Media Group slid 2.6% to 106p yesterday after investment bank Merrill...are down 25% against earlier estimates of a 14% drop. The bank has also slashed forecasts ... to 38m and by 3.2m to 37m respectively. The bank also cut earnings-per-share estimates by 4 ...

Carlton and Granada fall as ITV ad forecasts are cut

investment bank Merrill Lynch further cut their forecasts, as ITV's advertising outlook worsened....The bank said ITV ad forecasts have been cut to a decrease of 9.7% from a decrease of 7 ... estimates of a 14% fall. Carlton shares fell 2.2% to 187.75p after the bank downgraded the stock ... 0.8% to 134p, as Merrill Lynch trimmed its 2002 Ebitda forecast by 14% to £138.5m. The bank added ...

Media shares continue upward movement

Bank said it favoured WPP shares, even though it may end up paying more for Tempus than the market ...

EchoStar in talks to raise
cash for DirecTV deal

offer. EchoStar, which has already received financial backing from investment bank UBS Warburg, is in preliminary talks with Deutsche Bank to boost its cash pile. EchoStar could either offer 5bn ( 3.8bn) on top ...

ITV Digital needs to be rethought

, it was reported that investment bank ABN Amro was concerned about a funding gap at Carlton. Carlton and Granada ...

Market rally over for media shares

was another faller. It fell on the back of reduced earnings forecasts issued by two investment banks ...

Further losses forecast for Carlton

bank also cut Granada's expected profit before tax to 100m. Shares in Granada were up 2.2% to 125.7p ...

 

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