WPP Group has released a statement announcing plans to extend the original Friday deadline for its £1.1 billion offer of TNS until 3pm this Wednesday, October 8. WPP Group, led my Sir Martin Sorrell, announced that valid acceptances of the offer had now climbed to 60.86% of TNS shareholders last Friday, when the previous deadline… Continue reading WPP Extends TNS Offer Deadline

Virgin Media Television has appointed David Cuff, former Flextech Television executive, as its new commercial director. Cuff will be responsible for commercial strategy across all of VMtv’s businesses, reporting to managing director Jonathan Webb. Cuff has previously held positions with Flextech Television and Initiative Media, and runs his own consultancy business, Cuff Media. In addition,… Continue reading Virgin Media Appoints New Commercial Director

Sly Bailey, the chief executive of Trinity Mirror, is warning digital businesses to beware of the inevitable bubble-burst. Stating that digital growth of recent years is now slowing, she has suggested there were “tough times ahead”. Delivering the opening keynote speech at the annual Association of Online Publishers, Bailey voiced her concerns about the BBC’s… Continue reading Sly Bailey Warns Of Digital Bubble Burst

Pre-tax profits at Telegraph Media Group rose by 4.9% year on year to £34.3 million, according to full year 2007 figure filed at Companies House. Overall turnover for the publishing group also rose 4%, or £13.8 million last year to £354.9 million. Operating profits after exceptional costs were £11.8 million, which is an increase of… Continue reading Telegraph Pre-Tax Profits Rise by 4.9%

The number of HD-ready households is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.2% over the next five years, from 59% of US TV households in 2007 to 84% in 2012, according to a new report by Adams Media Research. ‘The Future of HDTV Delivery’ research carried out by Adams, predicts… Continue reading 84% Of US Households Will HD-Ready By 2012

A new report from the Nielsen Company reveals that the average mobile subscriber in the US sent and received more SMS text messages than mobile telephone calls during Q2 2008. This is the second consecutive quarter in which the average number of text messages was significantly higher than the average number of calls, according to… Continue reading Text Messaging Overtakes Mobile Voice Calls

Phorm has made a pre-tax loss of £13.7 million for the first half of 2008, an increase of 52% from its £9.1 million loss in the same period in 2007. However, despite the loss, the internet advertising group still has a positive cash balance due to fundraising of around £24.9 million. Phorm rolled out its… Continue reading Phorm Makes £13.7 Million Loss

WPP Group made an announcement this morning to warn TNS shareholders that its £1.1 billion offer for the market research company is its final offer. The deadline for shareholders to accept the offer ends at 3pm tomorrow – according to reports published last Friday, 43% have already accepted the deal. TNS, which has consistently encouraged… Continue reading WPP Warns TNS That Its Offer Is Final

The total number of consumers watching video streaming through a browser in the US has doubled over the past year, going from 32% to 63%, according to a new survey of US online households by ABI Research. ABI Research said that this is due to the growth in the amount of rich content available in… Continue reading Number Of US Households Watching Online Broadband Video Has Doubled

China has overtaken the United States as the country with the most broadband lines, growing twice as fast as America, according to new data from the broadband research company Point Topic. Point Topic found that China and the US both had around 78 million broadband lines at the end of August, but the number in… Continue reading China Overtakes America With Most Broadband Lines