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Share Name | Share Symbol | Market | Type |
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Top Wealth Group Holding Ltd | NASDAQ:TWG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-0.0114 | -2.70% | 0.4111 | 0.4012 | 0.4219 | 5,295 | 09:23:51 |
RNS Number:7170H Wireless Group PLC 20 February 2003 THE WIRELESS GROUP LAUNCHES UK'S FIRST NATIONAL SURVEY OF RADIO LISTENING USING ELECTRONIC MEASUREMENT * Results of national survey to be published monthly from June 2003 * Results of London survey to be published monthly from Sept 2003 * Three-year deal signed with GfK * Survey samples explained by Prof Frank Kelly, FRS, of the Statistical Laboratory at Cambridge University The Wireless Group plc ("TWG"), owners of talkSPORT, the UK's only national commercial speech radio station, today announces a three-year deal with international market research group GfK to commission the UK's first-ever national survey of radio listening using electronic measurement. GfK owns Radiocontrol in Switzerland, which developed the technology, and GfK Marketing Services will conduct the fieldwork. The Radiocontrol system is based on an electronic wristwatch that records the radio stations listened to by the wearer for a week. By audio-matching the watch's recording against the output of the monitored radio stations, the stations that the respondent listened to are identified. Up until now, RAJAR has operated as the single currency for the radio industry in the UK. Using a recall-based system, respondents fill out diaries in which they mark down the radio stations they listened to during the period of a week and when. The Wireless Group-commissioned national survey, the first of its kind in the world outside Switzerland, begins on Monday 3 March 2003. Audiences of the five national BBC analogue stations (Radios 1, 2, 3, 4 and Five Live) and the three national commercial analogue stations (Classic FM, Virgin and talkSPORT) will be measured in the national survey and the first results (based upon a sample size of more than 1,900 respondents) will be published in mid-June and on a monthly basis thereafter. Top-line results are expected to be released by the first week in May. One of the world's most respected authorities in statistics, Professor Frank Kelly, FRS, of the Statistical Laboratory at Cambridge University, said: "A national sample of 1,900 respondents (i.e. 160 people over 12 weeks) is perfectly capable of estimating a 10% reach within a confidence interval of between 11.4% and 8.7%. "That is to say, we can be 95% confident that a measured 10% reach is within 1.4% above or below the result that would be obtained if the entire UK population were recruited for the survey. "Even a monthly sample of 640 people would be able to estimate a 10% reach within 2.5%. "We also have to bear in mind that this confidence interval takes no account of how accurate the electronic measurement system is compared against a diary-based system. "I would expect the electronic meters to be more accurate at recording what people actually listen to, rather than what people would mark down in a diary." Ten London radio stations will also be monitored and the first results will be published in mid-September. London results will also be published on a monthly basis from then on. Kelvin MacKenzie, Chairman and Chief Executive of The Wireless Group, said: "This will be great news for the radio industry, advertisers and investors. In essence, watches are a mobile version of BARB, which has supplied stats for the TV industry for the past 20 years. "Everyone in research knows that diaries are the worst system and that only electronic measurement can supply what is much closer to the truth. "The Wireless Group will continue as members of RAJAR for the foreseeable, but not indefinite, future. We are not hostile to RAJAR but as Tony Blair keeps on saying 'It's time to move on'." - ends - For further information, please contact: Luke Morton / Robin Tozer Bell Pottinger Financial Tel: 020 7861 3232 NOTES TO EDITORS: 1. The commissioning of a national survey by TWG follows the company's successful completion of two three-month tests (one in the Slough, Windsor and Maidenhead area and the other in the Bolton, Bury and Prestwich area) last year. The results of those tests were published in September and among the key findings were: * Weekly reach went up for 29 of the 34 stations monitored in the two test areas. In some cases, audiences increased by significant amounts (almost six times the RAJAR figure for one radio station) * Speech stations attracted much larger audiences than estimated under the current RAJAR system * People listened to more radio stations than they marked down in a diary. (In a parallel study, 215 radio listeners filled out a diary and wore a watch at the same time. In their diaries, they marked down that they listened to an average of 2.7 radio stations a week. The watch, however, recorded that those same people actually listened to an average of 4.4 stations a week) * People listened to the radio for shorter periods than they marked down in a diary. (In the same parallel study, respondents averaged 23.2 hours listened according to their diaries, remarkably close to the RAJAR figure of 23.5 hours in that area. Their watches, however, told a different story: recording virtually half that amount of radio listening, at just 12 hours a week) * More than 30% of all periods of uninterrupted listening recorded by the watch were for periods under five minutes. These periods are not counted at all by RAJAR, which only counts those of five minutes or more. The majority of listening periods recorded by the watches, more than 54%, were for periods between five minutes and half an hour * Less than 1% of all listening periods lasted longer than 4 hours - proof that, unlike diaries, the watches do not over-report listening hours 2. GfK (Growth from Knowledge) was established 68 years ago as Germany's first market research company. It now has more than 110 subsidiaries and a total of 4,750 employees in 51 countries. It has an annual turnover of #300 million and clients in the UK include ICI, BSkyB and Argos. It has TV and radio research contracts in Germany, France, Switzerland and Holland. The Radiocontrol system has been operating as the single currency for the radio industry in Switzerland since January 2001. This information is provided by RNS The company news service from the London Stock Exchange END MSCNKCKPPBKDOBD
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