Guardian Media Group’s pre-tax profits for the year ending March 30 hit £306.4 million, up from £97.7 million in 2007. GMG said that this was due to the £334.8 million sale of its 49.9% stake in Trader Media Group to private equity firm Apax Partners in March 2007. GMG went on to partner with Apax… Continue reading GMG Profits Above £300m Following Trader Media Sale

The latest quarterly figures from the Mobile Data Association reveals that 1.4 billion text messages are sent every week in the UK. Mobile internet has seen steady growth in the UK; 16.5 million people accessed the mobile internet in May 2008, representing a 25% growth since May 2006, indicating an average 4,500 new users every… Continue reading 1.4bn Text Messages Sent Each Week In The UK

The proportion of internet users in Britain spending more than five hours per week online has more than doubled in the past 10 years, from 25% in 1998 to 58% in 2008, according to a new report. The BT 21st Century Life Index commissioned Ipsos MORI to survey 2,000 people across Britain to find out… Continue reading Britons Spending More Time Online

United Business Media has acquired the International Direct Marketing Fair (IDMF) from Reed. UBM business media and events division CMP intends to incorporate the IDMF and E-Commerce and Digital Marketing Expo (ECDM), the show Reed planned to launch in 2009, into its Internet World exhibition. Mark Snell, group director at CMP, said: “While we review… Continue reading UBM Acquires International Direct Marketing Fair

Magazine publisher Future has reported a 4% rise in advertising income over the past nine months. Overall revenue rose 1%, with advertising income rose 4% in the nine month period ending June 30. However, there was a 2% decline in print advertising, although this was offset by a 39% rise in online advertising. In the… Continue reading Future Enjoys 4% Rise In Ad Revenue

Pearson, owner of the Financial Times and Penguin, has reported a 14% increase in sales for the first half of the year. The company reported sales of £1.97 billion in the six months to the end of June. Adjusted operating profit was £124 million, up 38% year on year. The FT Group saw sales grow… Continue reading Pearson Reports 14% Sales Increase

Mobile internet devices will grow to 1.2 billion by 2012 according to new research carried out by chip maker Intel. Speaking as the company announced a new series of chips for mobile internet products, Gadi Singer, head of Intel’s mobility group, said: “The demand is there and the need is there and our technology can… Continue reading 1.2bn Mobile Internet Devices By 2012

More than 253 million people in Chine are now online, according to new figures from the China Internet Network Information Center (CNNIC). Data from Nielsen Online shows that the US has 223 million people online in June, making China the world’s largest internet using country. Internet penetration in China now stands at 19% compared with… Continue reading More Than 253m People Online In China

New research has found that the majority (84%) of 25-34 year olds have left a favourite website because of intrusive or irrelevant advertising. The research, published by HowTo.tv, found that 73% of web users have left a favourite website because of intrusive or annoying ads, rising to 84% for 25-34 year olds, an increase of… Continue reading New Research Looks At Intrusive Online Ads

Havas has reported a 3.6% year on year rise in revenue to €755 million (£596.8 million). It also announced organic growth of 7.86% in the first half of the year. The company, which owns ad agencies including Euro RSCG and media planning and buying network MPG, said that European countries such as Portugal, Italy and… Continue reading Havas Reports Revenue Rise