WPP has acquired a 49.9% stake in Clemmow Hornby Inge (CHI) after the marketing services company broke off talks with Havas. Although no figure for the deal was disclosed, it is rumoured in the trade press to be in the region of £15 million-£20 million. Vincent Bolloré, chairman of Havas, said in February that he… Continue reading WPP Acquires Stake In CHI

Yahoo! recorded an 11% decline in profits for the first quarter of 2007, to $142 million (£70.7 million). Revenues were $1,672 million for the first quarter of 2007, a 7 percent increase compared to $1,567 million for the same period of 2006. Susan Decker, chief financial officer, Yahoo!, said: “Our first quarter financial results reflect… Continue reading Yahoo! Sees Profits Drop

Google has signed a multi-year agreement with Clear Channel which enables the search engine giant to sell a guaranteed portion of 30 second advertising inventory available on more that 675 of Clear Channel’s AM/FM stations. across the US. The agreement will see Google Audio Ads advertisers receive national distribution, enabling them to reach specific audiences… Continue reading Google Signs US Radio Ad Agreement With Clear Channel

The national commercial digital radio network operator, Digital One, has announced plans for ten new transmitters.Digital One says that the project will result in the UK digital radio network extending to 90% of the British population.This will be acheived by adding sites in the Scottish Borders, Cumbria, the the Yorkshire Coast, Derbyshire and the South… Continue reading Digital One Reveals Plan For New Transmitters

Westminster Council has told Associated Newspapers and News International that it will ban their afternoon freepapers, the London Lite and thelondonpaper if the companies cannot reach an agreement on the cost of recycling.The council says that free newspapers generate three to four tonnes of waste every day and it wants the publishers to contribute to… Continue reading Council Could Ban Freesheets

A new report claims that the UK’s current and planned broadband infrastructure may not meet the future needs of the most intensive users and could harm the UK’s competitiveness. The report from the Broadband Stakeholder Group (BSG) says that the UK could be left behind as several key competitor nations are in the process of… Continue reading Challenges Ahead For UK Broadband

IPTV subscriber numbers in Europe and Asia are continuing to grow, and will reach 63.3 million by 2011, according to the new MRG report IPTV Global Forecast. MRG says that driving the market’s successful growth in the past 6 months is fast growth in Europe, especially France, Belgium, Spain, Italy and Eastern Europe; in Asia,… Continue reading IPTV Subscriber Numbers Continue To Grow

Digital publishers in the UK experienced a 60% increase in turnover on average in 2006, and are predicting an average of 72% growth for this year, according to the latest membership survey from the UK Association of Online Publishers (AOP). The forecast for 2007 is double what was forecast this time last year, whilst the… Continue reading Digital Publishing Growth Exceeds Forecasts

The latest Bellwether report for the first quarter of 2007 has just been released, recording the strongest upward revision of UK marketing spend for three years. The report, from the Institute of Practitioners in Advertising, says that one in four companies is now reporting an upward revision to total current marketing budgets. In Q1 2007,… Continue reading Q1 2007 Bellwether: Marketing Budgets Show Strong Growth

WPP announces that it has acquired a minority stake in VideoEgg, a company specialising in video solutions and video advertising for online communities. Founded in 2005, VideoEgg is based in San Francisco and employs 53 people. Clients include Unilever, Dell, NBC, Nestle and Universal. In a statement released today, Aegis said: “This investment further strengthens… Continue reading WPP Acquires Stake In Online Advertising Company