The Financial Times and its website recorded a £9 million increase in profits last year to £11 million, according to parent company Pearson’s preliminary full year results. FT advertising revenues were up 9% with rapid growth in online, luxury goods and corporate finance categories, all up more than 30%. The FT and its website also… Continue reading FT Records £9 Million Increase In Profits

Sky’s operating profits could be reduced by £15 to £20 million if the satellite broadcaster cannot reach a deal with Virgin Media over its basic channel package. This figure includes the four months between now and the end of Sky’s financial year on June 30. It was reported on Friday that Sky was to remove… Continue reading Sky’s Profits Could Be Hit By Virgin Channel Row

The Institute of Practitioners in Advertising (IPA) has said that it is disappointed by Ofcom’s decision to extend the restrictions for HFSS advertising aimed at children, claiming the new rules are flawed.Marina Palomba, IPA’s legal director, said: “The IPA is disappointed but not surprised at Ofcom’s decision to extend the broadcast advertising scheduling restrictions from… Continue reading IPA Claims New Ofcom HFSS Rules Are Flawed

The controversy currently raging over the alleged Richard and Judy phone quiz scam has taken a new twist, with reports claiming that it could have been going on for over four years.The quiz scam claims began when the Mail On Sunday reported that a woman who phoned in and was chosen as a contestant for… Continue reading Richard & Judy Phone Quiz Controversy Takes New Twist

The dispute between rival broadcast giants Virgin Media and BSkyB has taken yet another turn, with Sky claiming that it does want its channels to be available to Virgin Media customers.Earlier today, Virgin Media released a statement insisting that Sky was about to pull its basic package of channels from the newly launched quadruple-play operation… Continue reading Branson Vs Murdoch: Round Five

WPP’s pre-tax profits rose by 14.5% to £766.3 billion in 2006, with the company reporting total revenues of £5.9 billion for the year, up 10%. WPP’s like-for-like revenue growth was up by 7.2% in the fourth quarter of 2006. In a statement, the group said: “The group’s financial performance in the year more than mirrored… Continue reading WPP Records Profits Rise

Worldwide advertising and marketing services spending is set to rise by at least 4% this year, according to advertising giant WPP. It said that worldwide economic conditions seem set to continue to show steady growth in 2007, although concerns remain over the Middle East, oil and commodity prices and the twin deficits of the US… Continue reading Global Advertising Spend To Rise This Year

Brian Sullivan, Sky customer group managing director, has said that HDTV can expect a bright future, with customers now more willing to replace their old TV sets. Sullivan, speaking at Broadcast‘s HD Here And Now conference, said that Sky had predicted there would be 10 million HD TV sets in the UK by 2010 but… Continue reading HDTV Looks Set For Growth

A new report from Adams Media Research forecasts that annual consumer spending on downloads of movies and TV will top $4 billion in 2011. The market researcher says that video downloads will grow gradually as internet TV devices gain increasing acceptance amongst consumers, with Tom Adams, Adams Media Research president, saying: “The internet is going… Continue reading Consumer Spending On Movie & TV Downloads To Increase

Chrysalis Radio’s Heart 106.2 FM is to launch a campaign for its sister-station, LBC97.3 FM, marking the first ever cross-promotion of stations within the Chrysalis Group.On 26 February 2007, Chrysalis will launch its cross-promotional strategy with a campaign for LBC 97.3 FM on Heart 106.2, supported by press and viral.The creative for the radio campaign… Continue reading Chrysalis Radio Launches First Ever Cross-Station Promotion