Independent News & Media saw pre-tax profits at its UK division fall 26.9% for the first half of the year. Independent News & Media UK reported pre-tax profits of €4.7 million (£3.7 million) for the first six months of 2008, down from €7.3 million (£5.8 million) a year earlier. UK revenues totalled €115.6 million (£92.2… Continue reading Independent News & Media Sees Pre-tax Profits Fall

Analysts at American investment bank Goldman Sachs have given a boost to media company shares, saying that some stock sell-offs have been overdone. Goldman put BSkyB on its “conviction buy” list, saying that although the ad market is expected to deteriorate moving into 2009, the satellite broadcaster only has limited exposure to this with just… Continue reading Goldman Sachs Provides Boost To Media Companies

SMG has reported a pre-tax profit of £4.2 million for the first half of 2008, with revenue falling to £75.6 million, compared with £88.9 million in the first half of last year. Operating profit was down from £6.9 million to £5.4 million over the same period. The Scottish media company also reported 14% year on… Continue reading SMG Reports Pre-Tax Profit Of £4.2m

Adjustments to the UK regulatory framework are required given consumers’ rapid adoption of mobile broadband services, according to an Ofcom-commissioned report from Analysys Mason. The study, which forms part of Ofcom’s ‘Mobile Sector Assessment’ consultation, considers the recent dramatic increases in data service usage, which could accelerate over the next five years. Widespread access to… Continue reading Changes Required In Regulation Of UK Mobile Industry

Aegis has reported an increase in underlying pre-tax profit of 15.4% to £56.2 million in the first half of the year.The UK media buying group reported a 13.7% increase in revenue on the same period last year to £607.6 million on a constant currency basis, beating analyst forecasts.The group posted organic revenue growth of 8.2%… Continue reading Aegis Reports Increase In Profits For First Half Of 2008

Analysts at American investment bank Goldman Sachs have given a boost to media company shares, saying that some stock sell-offs have been overdone.Goldman put BSkyB on its “conviction buy” list, saying that although the ad market is expected to deteriorate moving into 2009, the satellite broadcaster only has limited exposure to this with just 8%… Continue reading Goldman Sachs Provides Boost To Media Companies

Bauer Media’s men’s style magazine Arena has appointed Glenn Waldon as style director, with Anthony Noguera, Bauer Media men’s lifestyle editorial director taking a more hands on role at the title.Noguera will be closely managing the editorial development of Arena, in addition to his current responsibilities.Waldon is a former editor of i-D magazine and currently… Continue reading Arena Makes New Appointments

Redwood has announced the launch of a digital format for Electric!, the bi-monthly entertainment magazine for Virgin Media customers.The digital edition of Electric!, Virgin Media’s entertainment magazine for 18 to 55-year-olds, aims to bridge the gap between the print magazine, website and regular Electric! email newsletters sent to customers.The e-zine will be created using the… Continue reading Virgin Media’s Electric! Goes Digital

German market research group GfK has announced that it is no longer pursuing a possible offer for TNS. According to a report in the Financial Times, GfK’s discussions with Apax, the private equity group it hoped would jointly bid for TNS, collapsed over price. The announcement comes after Sir Martin Sorrell’s WPP made a £1.08… Continue reading GfK No Longer Pursuing Offer For TNS

Johnston Press has reported a year on year fall of 9.5% in advertising revenues for the first half of 2008. The regional newspaper group’s total revenue was down 6.3% to £293.1 million for the six months to the end of June, while operating profit fell 15.6% to £81.6 million. Pre-tax profit was down 18.1% to… Continue reading Johnston Press Reports Fall In Ad Revenues