Online display advertising has surpassed the £1 billion mark for the first time, according to the latest IAB adspend figures.

James Murdoch has stepped down as chairman of satellite broadcaster BSkyB.

Blackberry-owner RIM has reported revenue of $18.4 billion, down 7% from $19.9 billion in 2011.

Facebook’s Sponsored Stories are a clever way of launching advertising on mobile, according to panellists at the MediaTel Group Mobile – 2012, The Year of Reckoning? event last week.

Social TV is a “massive opportunity for the mobile market,” according to Steve Parker, managing director, MediaVest UK.

Emap plans to change its name to Top Right Group and split into three companies ahead of a potential sell-off.

Xbox Live members are now spending more time watching TV, music and films on the Live platform than playing multiplayer games.

ITV is expected to launch its own paid-for video-on-demand service in the second half of 2012.

“I can’t wait to see what the Olympics unleashes in terms of mobile,” Google’s Scott Beaumont told delegates at MediaTel Group’s Mobile – 2012, The Year of Reckoning? event last week.

Is mobile data joined-up and useable? Panellists at MediaTel Group’s Mobile – 2012, The Year of Reckoning? event last week were not convinced that mobile data is being used to its full potential.