ITV has again been linked with SMG’s cinema advertising business Pearl & Dean, following SMG’s announcement that it would be selling both Pearl & Dean and Primesight, its outdoor advertising business. ITV was first linked with Pearl & Dean at the end of September (see ITV Could Bid For Pearl & Dean), following the sale… Continue reading ITV Linked With Pearl & Dean
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Publicis Groupe, the world number four advertising agency, is looking for acquisitions, according to chairman and CEO Maurice Levy. Talking to the Wall Street Journal, Levy said: “We are contemplating several possible strategies in terms of acquisitions. “We will definitely move to an acquisition strategy provided it does service the interest of shareholders.” Levy was… Continue reading Publicis Looks To Implement Acquisition Strategy
Metro International has announced its financial results for the third quarter and the nine months ended September 30 2006. For Q3 2006, net sales increased by 18% to $87.1 million (2005: $74.0 million). At constant exchange rates, net sales improved by 11%. Metro International recorded a group operating loss of $8.9 million (2005: loss of… Continue reading Metro International Announces Q3 And Nine Month Results
Omnicom has announced that its net income for the third quarter of 2006 increased 9.5% to $177.1 million from $161.7 million in the third quarter of 2005. Worldwide revenue increased 10.0% to $2,774.3 million from $2,522.9 million in the third quarter of 2005. Domestic revenue for the third quarter of 2006 increased 7.8% to $1,540.5… Continue reading Omnicom Releases Third Quarter Financial Results
ITV are supposedly lining up a ‘dream team’ of Stephen Carter, former head of Ofcom, as chief executive, and Channel 4’s Kevin Lygo as director of programmes. According to reports in the trade press, the duo are the frontrunners to take over the posts, with shareholders wanting to bring in a new programming chief at… Continue reading ITV Could Get Carter
Mobile phone operator O2 has announced that it is to offer a broadband service starting from spring 2007.According to reports in the trade press, O2 has begun talks with BT and Cable & Wireless about the offering but as yet no deal has been brokered.The reports quote CEO Peter Erskine as denying that the company… Continue reading O2 To Offer Broadband Service Next Year
ITV shareholders are urging the company to appoint a new chief executive by Christmas, according to a report in the Guardian. The shareholders are apparently unhappy at the slow progress of the search for a replacement for Charles Allen. The report says that headhunters Zygos have widened their search for a new CEO to include… Continue reading ITV Shareholders Want New CEO By Christmas
Yahoo! is coming under increasing pressure to invest in more social networking as internet users move to sites such as MySpace and YouTube, according to analysts. Yahoo! could potentially be interested in bidding for Facebook, a smaller rival to MySpace. The pressure on Yahoo! follows the acquisition by Google of YouTube, the video sharing website,… Continue reading Yahoo! Under Pressure To Invest In Social Networking
As of 2006, 63% of the US population aged 3 and over uses the internet at least once a month, according to new research from eMarketer. US internet users aged 50 and over total 46.8 million, or 26% of the total US internet user population. Adults aged 50 and older make up an estimated 29.4%… Continue reading US Internet Users Over 50 Reach 46.8 Million
Internet users from France, Germany, Italy, Spain and the UK are more likely to use their mobile phones to go online than internet users in the US, according to the inaugural findings from comScore Networks’ Mobile Tracking Study. The study, which is designed to analyse how consumers across six countries go online on their mobile… Continue reading Europeans More Likely Than Americans To Go Online Via Mobiles