Global Radio is understood to be on the verge of selling eight of its Midlands stations to Bauer Media in a deal worth £30 million. Global said last August that it would be selling the stations to quell fears expressed by the Office of Fair Trading over its £375 million takeover of GCap Media. Bauer… Continue reading Global Radio on verge of selling Midlands stations to Bauer Media

Free newspaper publisher Metro International has posted a 24% decrease in total net revenues for the first quarter, to €55.6 million. Metro International – which publishes in more than 100 major cities in 18 countries across Europe, Asia, North and South America – also revealed that it has terminated discussions with a potential buyer. It… Continue reading Metro International records 24% fall in net revenues

Over 66 million US consumers across demographic categories are using the internet while watching TV, according to market research firm In-Stat. Based on In-Stat’s recent survey of US TV viewing habits, 33% of all male respondents, across age groups, reported that they are sometimes using a personal computer simultaneously while watching TV. Among some male… Continue reading Over 66m US consumers go online while watching TV

Growth in user spend on mobile entertainment services will slow dramatically over the next two years unless key markets emerge from recession, according to a new report from Juniper Research. The Mobile Entertainment report found that, under a worst case scenario of a prolonged global recession, mobile entertainment revenues would increase by nearly $13 billion… Continue reading Growth in user spend on mobile entertainment to slow over next two years

Google has reported a 6% rise in its first quarter revenues, to $5.51 billion (£3.72 billion). However, revenues were down 3% in the first quarter compared to the fourth quarter of 2008. Income in Q1 was $1.42 billion (£959 million), up from $1.31 billion (£884 million) a year earlier. AdSense revenue was $1.64 billion (£1.10… Continue reading Google reports 6% rise in Q1 revenues

Regional newspaper publisher Newsquest has seen total advertising revenue fall 38.7% year on year in the first three months of 2009. Financial results published today by the firm’s US parent company Gannett also show that UK classified advertising revenue was down 45.1% in the first quarter. Craig Dubow, chairman, president and chief executive of Gannett,… Continue reading Newsquest’s ad revenue falls 38.7% YoY in Q1

US search advertising is showing signs that it could record a first quarter decline, according to figures from search management provider SearchIgnite. The company found that US ad spending among its clients was down 4% in the first three months of the year when compared to the same period a year earlier. However, SearchIgnite noted… Continue reading US search advertising showing signs of first quarter decline

The internet’s share of US media ad spending is rising by at least 1 percentage point every year, for two reasons: Marketers are spending more on internet ads and less on ads in traditional media, according to a new report from eMarketer. The US Ad Spending report analyses the shifts in the media landscape due… Continue reading Online share of US media ad spending continues to rise

eBay is to separate online telephone service Skype from its main business in a stockmarket flotation. The online auction company has announced that it will launch a public offering of shares by the first half of 2010. John Donahoe, eBay’s president and CEO, said: “Skype is a great stand-alone business with strong fundamentals and accelerating… Continue reading eBay announces plan for 2010 initial public offering of Skype

The Local Radio Company (TLRC) has rejected a takeover bid from rival radio group UKRD. Last week, Hallwood Financial made an offer of £1.8 million for TLRC, following which TLRC independent non-executive director John Perriss strongly recommended the company’s shareholders reject the £1.25 million offer from UKRD. Hallwood Financial already owns 28% of TLRC and… Continue reading Local Radio Company turns down UKRD takeover offer