US research points to slow ad sector recovery
The advertising sector in the US is not likely to recover in a hurry.
At the end of it all, speculation of her moving out of the information and broadcasting ministry proved unfounded. A major cabinet reshuffle undertaken by Prime Minister AB Vajpayee today that witnessed the swearing in of four cabinet ministers and nine ministers of state, also saw I&B minister Sushma retaining her portfolio. In the lead-up to the reshuffle, speculation was rife in the capital last week that Swaraj might be relieved of her present responsibilities and entrusted with new work, one rumour being that she was in the running for presidentship of the ruling Bharatiya Janata Party. Information technology, telecommunications and parliamentary affairs minister Pramod Mahajan, who was seen as a likely candidate to take charge of the I&B ministry as well, ultimately failed to dislodge Swaraj. Another name that was thrown up - former Hindi film star Shatrugan Sinha - was seen as not having much credibility. At the end of it all Sinha got the health and family welfare minister‘s post. One immediate fallout of this is that that the introduction of conditional access systems (CAS) that Swaraj has been pushing through opposing legislators and political rivals passionately, is likely to see its passage by the end of the month. The Bill relating to the amendments to the Cable TV (Networks) Regulation Act 1995, which will pave the way for final implementation of CAS in phases in the country, has been passed by Lok Sabha (the Lower House of Indian Parliament). But it awaits the Rajya Sabha‘s (Upper House) okay and this is now is expected to go through during the monsoon session of Parliament that begins 15 July. Speculation rife that Mahajan to replace Swaraj as I&B minister |
Jean-Marie Messier, chairman and CEO of beleaguered French media major Vivendi Universal, has agreed to quit after the company‘s board members withdrew support to him, reports say. The first indication that Messier had indeed thrown in the towel was provided by French newspaper Le Monde which reported in today‘s edition that Messier had agreed to resign. This ends a week-long effort by Messier to cling onto his post in the face of growing pressure to step down over mounting debts and a share price that has fallen 64 per cent since the turn of the year. |
The eighth Asian International Broadcast and Multimedia Technology Exhibition and Conference, BroadcastAsia2002 that took place in Singapore from 18 to 21 June saw only a marginal increase in the number of visitors this year. The reason - World Cup soccer, of course.
An official release says that of the 10,951 attendees this year, there was a significant increase in the number that came in from India, Indonesia, Thailand, Korea, Japan and China. Group delegations for the event rose from five in 2001 to a record 16 this year, says the release.
Broadcast Asia Statistics
Change
|
2001
|
2002
|
%
|
Local Visitors
|
6,460
|
6,037
|
-6
|
Overseas Visitors
|
3,736
|
4,914
|
+31
|
Total Visitors
|
10,196
|
10,951
|
+7
|
Exhibiting Companies
|
705 (85% overseas)
|
649(86% overseas)
|
-7
|
The event played host to a world-class conference, a conference networking session, a CEO roundtable, facility tours and even a computer animation and digital art contest. Held in conjunction with CommuncAsia2002, the two events raked in nearly 50,000 trade visitors. The BroadcastAsia2002 International Conference that kicked off a day earlier, on 17 June, had a new focus that appealed not only to engineers but also to those involved in the strategic and policy aspects of media business, says the release.
Themed Worldcasting, the BroadcastAsia International Conference cast a wide net indeed in presenting 13 various sessions over five days - ranging from traditional engineering topics to new technologies and strategic business issues. Held alongside were two ComGraphics and Animation workshops and an audio technology seminar.
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