Regional newspaper publisher, Johnston Press, has today announced that pre-tax profit for the first six months of this year rose by an impressive 16% to £77.3 million, spurred by greater than expected advertising revenue.Operating profit at the group jumped by 9.5% to £92 million in the six months to June 2004, fuelled by an overall… Continue reading Profits At Johnston Press Fuelled By Ad Revenue

WPP is considering the possibility of a £500 million rights issue to purchase American advertising group, Grey Global.Chief executive of WPP, Sir Martin Sorrell, said last week, he is looking at Grey’s books but did not confirm whether he would be making a bid for the last independent advertising network.According to a report in the… Continue reading WPP Considering £500 Million Rights To Buy Grey

International consumer magazine group, Future Network, has today announced that it has acquired two UK games magazines from Dennis Publishing for £2.5 million.The purchase of PC Zone and Computer & Video Games from the US publishing house, also includes sister website, computerandvideogames.com.Managing director, Robert Price, said: “This acquisition is good news for Future because it… Continue reading Future Network Buys Games Mags For £2.5 Million

Global advertising giant, WPP, has announced that half-year revenues have reached over £2 billion for the first time ever, spurred by a significant increase in advertising revenue.Revenues at the world’s second largest advertising group, rose from January to June by 6% year-on-year to £2.03 billion, stimulated by the effects of Euro 2004, the Olympic Games… Continue reading Revenues At WPP Exceed Expectations To Reach £2 Billion

A new project looks set to revolutionise the way we use mobile phones, as it aims to find a way to send television broadcast signals to 3G enabled telephones.The €96 million study, named INSTINCT (IP-based Networks, Services and Terminals for Converging Systems), is being undertaken by West London’s Brunel University and hopes to bring mobile… Continue reading Digital Television Could Be On Mobile Phones By 2010

BT Group has announced that broadband availability is set to match that of analogue television after the telecoms giant announced its intention to scrap exchange barrier plans.Following trials in rural areas, BT has said that from 6 September, those living more than 6 kilometres from an exchange will be able receive a high-speed internet connection.… Continue reading Broadband Reach Grows To A Further One Million UK Homes

Serious changes need to be made to local paid search if it is expected to generate the revenue growth craved by search engines, according to a leading American industry analyst.According to Nate Elliot, Jupiter Research analyst, local search doesn’t look like it can provide the growth Google and Yahoo are looking for. However, they continue… Continue reading Local Search Revenue May Disappoint Online Giants

Another bidder has emerged for US advertising group, Grey Global, as reports suggest that the firm is keen to tie-up firm offers by early September.According to Reuters, Providence Equity Partners is considering making a bid for Grey, emerging as the third private equity firm, along with Blackstone Group and Hellman & Friedman, to show an… Continue reading New Bidder Emerges For Grey Global

The internet is becoming an increasingly vital part of our daily routine, but it still plays second fiddle to old-fashioned habits, according to a new report published this week.A survey carried out by the Pew Internet and American Life Project shows that 88% of Americans online admit the internet plays an important part in their… Continue reading Traditional Habits Still Dominate Online Alternatives

Internet advertising is quickly overtaking television, says a new survey from a UK online marketing solutions group, as half of the respondents admitted that they prefer to avoid television advertisements.The study from TradeDoubler says, that online advertising has gained mass-market penetration and confirms that 84% of internet users have responded to an online advertisement.As well… Continue reading Internet Advertising Set To Overtake Intrusive TV Ads