PVC King wrote:The €170m in advertising revenue not paid if the Sunday Times article is on the money.
Advertising revenue set to drop by 5% this year
ADVERTISING REVENUES are on track to fall by more than 5 per cent this year, but will stabilise next year and return to growth from 2012, according to a report by PricewaterhouseCoopers (PwC).
Growth of 12 per cent in internet advertising will only slightly mitigate an expected 5.8 per cent decline in television advertising in 2010, PwC’s Entertainment Media Outlook report states.
Despite the return to growth in 2012, traditional advertising channels such as radio, outdoor and press will decline over the next five years, PwC said.
Across the Irish entertainment and media sector as a whole, internet access and advertising, video game revenues and TV subscriptions will be the main growth areas. Traditional branches of the sector will “continue to struggle”, in particular if they are dependent on advertising spend.
Overall, the sector will grow by a compound annual rate of 4.1 per cent over 2010-2014, when total revenues will reach €4 billion.
However, this rate of growth falls short of PwC’s forecasts for the global entertainment and media sector. The accountancy firm expects the global market to grow 5 per cent annually between now and 2014, reaching $1.7 trillion (€1.2 trillion).
The uncertain economic background “has done nothing to slow the ever-advancing digital transformation or the rapid consumer uptake of new media experiences”, PwC said.
“The trends in Ireland are similar to what is happening worldwide. The advancing digital transformation is driving audience fragmentation to a level not previously seen,” said Susan Kilty, a partner in PwC’s entertainment and media division.
http://www.irishtimes.com/newspaper/fin ... 77194.html
DUBLIN City Council has been criticised for passing up on hundreds of thousands of euro in potential advertising revenue from a company it allows to hang posters on public property around the capital.
The local authority has had a longstanding agreement with Irish Poster Advertising Ltd (IPA) – an events promotion company – which advertises gigs and other events on hoardings and in public spaces.
LONDON (Dow Jones)--The U.K. competition regulator Thursday said it would probe whether contracts with some U.K. public bodies offered by outdoor advertising giants JC Decaux SA (DEC.FR) and Clear Channel Outdoor Holdings Inc. (CCO) break competition laws.
The Office of Fair Trading said it would probe contracts the two companies offered local authorities for advertising on street furniture, such as bus shelters and information panels, in particular looking at the long durations of the contracts and potentially restrictive terms.
"There are some concerns around barriers to entry and expansion for media owners and the OFT has launched a competition investigation in order to assess whether certain street furniture agreements are compatible with U.K. and E.U. competition law," Heather Clayton, the OFT's senior director of infrastructure said.
"No assumption should be made at this stage that there has been an infringement of competition law," Clayton added.
The OFT said it had decided that it wouldn't refer the matter to the Competition Commission yet.
The U.K. has a two-tier competition regulation system, with the OFT probing possible competition concerns and then referring the matter to the Competition Commission if it believes that antitrust rules are being broken.
The OFT said it had looked at the whole of the U.K. outdoor advertising market. It said that while the market seemed to be functioning well, it had some concern over a system of rebates. It said it had some concerns that the rebates could distort how advertising campaigns are booked and recommend that advertisers take steps, such as using media auditors to monitor campaigns, to ensure agencies and specialist buyers act in the advertiser's best interests.
Under the rebate system, when an advertiser pays for an outdoor campaign, the media agency and the outdoor buyer receive commission, the OFT said. At the end of a year, the outdoor buyer receives a payment from the outdoor media owner and is entitled to volume rebates related to the aggregate amount spent with the media owner over the year. Rebates tend to be negotiated with the larger outdoor media buyers.
France's JC Decaux and Clear Channel of the U.S. are two of the biggest outdoor advertising companies in the U.K.
-By Steve McGrath, Dow Jones Newswires; 44-20-7842-9284; email@example.com
Was a second bidder even asked to submit a proposal in Dublin?
GrahamH wrote:Surely Merrion Square would be a lot more useful than the Eye and Ear?!
GrahamH wrote:The i's dot is missing from the Castle on the other side. Odd.
StephenC wrote:So the first phase of the Way Finding signage scheme is more or less complete, in time for St Patricks Day and the traditional start of the tourist season. I have to say they make a great addition to the cityscape. There are some minor tweaks required. Some units face in confusing ways but this is a feature of their square design. Its worth saying that a round signage unit works no better, as seen in Docklands where signage can face the wrong way completely. Its not the end of the world however.
Still I have to say FAIR PLAY to Dublin City Council for delivering a good quality way finding scheme.
StephenC wrote:Cant help yet I'm afraid....you'll have to wait.