New figures show that commercial radio revenue in the UK was down more than 10% in the 12 months to the end of June.Total UK radio revenue for April to the end of June 2008 – including national and local advertising and sponsorship and promotion – was £134.2 million, said a report on MediaGuardian.co.uk.National advertising… Continue reading Commercial Radio’s Revenue Falls

WPP has extended the deadline for its takeover offer of TNS by to weeks to 3pm on September 12. The move comes after just 8.6% of TNS shareholders decided to accept the group’s £1.1 billion offer before last Friday’s deadline. TNS has put out a statement today noting the “low level” of acceptances of the… Continue reading WPP Extends TNS Offer Deadline

Broadband value added services generated $25.7 billion worldwide in 2007, an increase of 62% on 2006, according to new data from Point Topic. John Bosnell, senior analyst at Point Topic., said: “Value added services are growing strongly and are increasingly significant in overall revenue terms. “We estimate that value added services were 10% of total… Continue reading Broadband Services Generated $25.7bn Globally In 2007

As gadgets with digital audio capability proliferate, US podcast downloading continues to increase, according to the Pew Internet and American Life Project. Currently, 19% of all US internet users say they have downloaded a podcast so they could listen to it or view it later. This most recent percentage is up from 12% of US… Continue reading US Podcasting Downloads Continue To Increase

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

WPP Digital, the digital investment and operating arm of WPP, is establishing a global digital production arm to distribute work among the group’s digital agencies, with Neal Prescott joining as the new unit’s chief executive officer.Deliver is intended to leverage WPP’s existing production capabilities in Asia, Eastern Europe, Latin America and South Africa in a… Continue reading WPP Creates New Digital Production Unit

Havas reported a 3.6% year on year rise in revenue to €755 million (£607 million) in the first half of the year. The company said that the rise in revenue was due in large part to strong business growth in key markets reflecting new account wins and increased market share. Organic growth was up 6.4%… Continue reading Havas Sees Revenue Rise

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… Continue reading Aegis Reports Increase In Profits For First Half Of 2008

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