Virgin Media has released its financial results for Q1, with revenue up 2.4% year on year to £1 billion.

The best of this afternoon’s #Leveson tweets as the day draws to a close and James Murdoch steps down from the dock (to make way for his dad tomorrow)…

DCM has launched a monthly free film club for the media industry – DCM Tuesdays. Sign up now…

Netflix says its UK launch has added three million subscribers to its overall figure, which now stands at 26 million.

Location-based services (LBS) have topped the global league as the mobile feature set to grow the most, after world leading insights consultancy TNS revealed over 60% of those that don’t yet use the service globally want to start using them.

From the early exchanges – as far as we can recall… #leveson

DG, a traditional-TV ad delivery company that moved into the online-ad space when it acquired MediaMind last year, has purchased ad-targeting start-up Peer39.

Facebook has reported its first quarter on quarter revenue dip in two years, with net income falling slightly to $205 million as costs nearly doubled to $677 million.

US consumers viewed more than 8.3 billion video ads in March, according to new data from comScore.

2011 was the first year that global consumer spending on media content, apps and services for mobile phones broke through the $100 billion barrier. According to the latest Global Mobile Media Forecast from Strategy Analytics, consumers are expected to increase this spend on mobile media* by a further 13.4 % from $121.8 billion in 2011 to $138.2 billion in 2012.