BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: Business  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Tuesday, 12 November, 2002, 17:06 GMT
Consumer magazines drive Emap
Smash Hits logo
Emap produces the Smash Hits magazine and TV channel
A doubling in sales of the celebrity magazine Heat have helped to drive up profits at the UK media firm Emap.

The company, which publishes titles including FHM and the Nursing Times, reported a 23% rise in half-year pre-tax profits to 86m.

Emap, which also owns the Magic and Kiss radio networks and The Box and Smash Hits music video channels, added that revenue from its TV channels was showing "strong growth".

"We are pleased to be delivering an improved set of results in a difficult market," said chief executive Robin Miller.

"We've made considerable progress in the last 18 months in restoring stability, regaining confidence and positioning Emap for a successful future," he added.

Last year Emap sold its US operation at a huge loss after a disastrous attempt to expand across the Atlantic.

Heat getting hotter

Emap's consumer magazine division saw its operating profits rise 29% to 27m, with circulation revenues up 9% and underlying advertising revenues 5% higher.

Celebrity gossip magazine Heat saw its year-on-year circulation figure nearly double to just under 480,000.

Men's magazine FHM saw circulation recover by 2%, while New Woman rose 4% to a new high of 303,400.

Emap said advertising had been "strong" across most of its consumer magazine range, although it admitted the market was still tough for its youth and men's fashion titles.

Metal guru

Advertising at Emap's radio division fell 7% in what the company described as a "tough" market.

But listening figures had improved in London at its Kiss and Magic stations, Tuesday's statement said.

The firm's music TV channels - which include The Box, Smash Hits, Q, Kerrang, Magic and Kiss - continued to perform well with revenues growing.

Among Emap's music magazine's, the heavy metal title Kerrang led the way, with its circulation revenues jumping by nearly 50% and advertising revenues soaring by 60%.

Kerrang also won the Media Week Media Brand of the Year award.

Shares in Emap closed up 22.5p, or 3%, at 775p.

See also:

24 Sep 02 | Business
26 Mar 02 | Business
02 Jul 01 | Business
29 May 01 | Business
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes