News Corporation recorded operating profit of $851 million for the first quarter, a 6.4% fall year on year, although the corporation’s online revenues continued to show growth. The decline in operating profit was due to due to a decline at its film division 20th Century Fox. Revenue for News Corp’s global newspaper division was down… Continue reading News Corp Operating Profits Decline

BT’s recorded revenue of £4,941 million for the second quarter 2006, up 4%, whilst its half year revenue was £9,805 million, up 3%. Its new wave revenue, coming from businesses such as networked IT services and broadband, was £1,736 million for Q2,up 21%, and representing 35% of total revenue compared with 30% last year. Half… Continue reading BT Q2 And Half Year Results Announced

JCDecaux could make a bid for Clear Channel Outdoor, which would see it become the world’s largest outdoor advertising company, worth an estimated €12 billion. Last month, the advertising company’s parent Clear Channel Communications, revealed that it had hired Goldman Sachs to conduct a strategic review of the company, which could lead to a sale.… Continue reading JCDecaux Could Bid For Clear Channel Outdoor

ITV has drawn up two shortlists of candidates for the chief executive job, with three names on each list. According to a report in the Guardian, there is an A list and a B list of possible replacements for Charles Allen. However, the Guardian says that whilst some candidates have been approached by Sir Bob… Continue reading ITV Draws Up Two Candidate Shortlists For Top Job

WPP is to acquire 3.2% of the issued share capital of Spot Runner, the first internet-based advertising agency. WPP said that Spot Runner’s approach to commercial production, media planning and media buying services makes it easy and affordable for local businesses to advertise on TV. WPP added that the investment continues WPP’s strategy of developing… Continue reading WPP Invests In Internet Advertising Agency

NTL Telewest has confirmed that it will shortly enter discussions with ITV regarding a possible merger of the two broadcasters. In a statement released to the London Stock Exchange, the cable giant said: “NTL confirms that it has advised ITV of its interest in exploring a possible combination transaction and has scheduled an in initial… Continue reading NTL Telewest Could Merge With ITV

BT Retail has announced that it has three million broadband customers, with its half yearly results revealing that it secured one in four of all new ADSL customers between July and September 2006.Sales of the BT Home Hub, which supports BT’s full range of services, have now exceeded 350,000, which the company says has helped… Continue reading BT Has 3 Million Broadband Subscribers

Mike Kirkham, former chief executive of TNS, was back on an industry platform this morning to address the MRG conference in Vienna.He illustrated how innovation and branding were key in the business world if companies are to be successful, appealing to investors and develop a sustainable corporate advantage; and he cited Sky, Tesco, I-pod, Google… Continue reading MRG Conference: Innovation And Branding Are Key To Successful Media

Opening the MRG Conference in Vienna yesterday afternoon, Walker Media CEO Phil Georgiadis lambasted the industry for its approach to internet advertising and called on them to “re-define the new media landscape”.“We have convinced ourselves that the fundamental characteristics of new media remain the same as the old,” he said. “We are happy to define… Continue reading MRG Conference: Industry Must Redefine New Media Landscape

Online advertising is increasingly attracting big spenders, with advertisers forecasting that online will represent a growing share of their overall media budgets over the next two years, especially within the FMCG and Entertainment sectors, according to new research from the European Interactive Advertising Association (EIAA). The EIAA Marketers’ Internet Ad Barometer shows that 425 of… Continue reading Online Becoming Increasingly Important To Advertisers