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Media Morning Bulletin

month=03  year=2010

04 March 2010

Media Morning Bulletin
Results

Intandem Films PLC - Interim Results

 

Highlights:

 

  • Significant reduction in pre-tax loss of 71% to £179,000 (2009: £618,000);
  • Profit of £254,000 on sale of 10% stake in Los Angeles publisher, Radical Publishing Inc;
  • Book profit of approximately £4million and elimination of £6million loan post the period end on disposal of ownership rights in five films;
  • Appointment to manage an additional thirteen new titles by US financial institution;
  • Four films in post-production to be aired at the Cannes Film Festival;
  • Appointment as co-producer on "The Veteran" and "Ghost of Slaughterford", both of which are expected to start production in June 2010;
  • Strong slate of films in pipeline.

 

Trinity Mirror PLC - Final Results

 

Highlights:

 

  • Group revenue(1) of £763.3 million (2008: £871.7 million)
  • Digital revenue of £35.6 million (2008: £43.6 million)
  • Operating profit(1) (2) of £105.4 million (2008: £145.2 million)
  • Improvement in advertising revenue trends as the year progressed and this is expected to continue into 2010
  • Total costs(1) (2) reduced by £67.9 million from £726.3 million to £658.4 million including £40 million of structural cost savings, £5 million ahead of our target
  • Targeted reduction in the 2010 cost base of at least £20 million
  • Earnings per share(1) (2) of 20.0 pence (2008: 33.4 pence)
  • Strong cash generation despite challenging trading environment with operating cash inflow of £97.6 million (2008: £102.3 million)
  • Net debt(3) falls by £60.2 million from £384.2 million to £324.0 million
  • Acquisition of GMG Regional Media to be completed on 28 March 2010 for a cash consideration of £7.4 million

 

Metrodome Group PLC - Preliminary Results

Highlights:

·         Company returns to profit despite challenging trading conditions at the start of the year

·         Revenues of £9,091,000 (2008: £6,587,000), up 38% on the previous year

·         Organic growth across all revenue streams

·         Headline* operating profit of £245,000 (2008: loss of £99,000)

·         Profit before tax of £199,000 (2008: loss of £543,000)

·         £960,000 share capital raised during the year

Miscellaneous:
Huveaux PLC - Disposal of Education Division 
United Business Media Limited - UBM launches COMDEX as a Virtual Event 
Newspaper Investment Highlights:

 

Times – Need To Know

ITV: The commercial broadcaster reported full-year pre-tax profits of £25 million, compared with a loss of £2.73 billion a year ago, when it was hit by a writedown of the value of its broadcasting assets. It added that it was expecting advertising revenues to recover during the first quarter, rising by as much as 7 per cent. It also announced a start date for Adam Crozier, its new chief executive, who will join on April 26.

 

Telegraph – Questor

 

ITV - Avoid