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

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

Channel 4 has said that it is in advanced talks to sell its subsidiary Ostrich Media, which runs the TV channel Quiz Call, according to a report in the Guardian.Interactive channels like Quiz Call are currently being investigated by Ofcom to see whether their programming should be reclassified as advertising.In addition, the Gambling Commission is… Continue reading Channel 4 Could Sell Quiz Channel Subsidiary

Yahoo! UK and Ireland has extended its relationship with Guardian Unlimited, with the two companies continuing a multi-year search and advertising deal.The deal, which began in 2002, will see the internet search engine extend the advertising revenue services it provides the Guardian’s network of websites, with a product called Hotspots that operates in a similar… Continue reading Yahoo! Extends Ad Deal With Guardian Unlimited

Affluent working women in the US with family incomes of $75,000 or more are growing in number and 94.3% access the internet during an average month, according to new research from The Media Audit. From 2004 to 2005 the percentage of affluent working women making five or more purchases on the internet increased from 54.1%… Continue reading Affluent US Women Increase Internet Purchases

The worldwide mobile phone market is edging ever nearer to one billion units shipped for the year, with a total of 254.9 million units shipped in the third quarter of 2006, according to IDC’s Worldwide Quarterly Mobile Phone Tracker. Worldwide shipments of mobile phones were up 7.9% from the previous quarter and up an impressive… Continue reading Worldwide Mobile Phone Market Sees Record Shipments

Scottish Media Group, owner of Virgin Radio, has seen its shares drop by 28% today after issuing a profits warning. SMG said that the dip in profits is due to a weak market for TV and cinema advertising, which has affected its Scottish TV franchises and its cinema advertising sales business Pearl & Dean. However,… Continue reading SMG Issues Profit Warning And Sees Shares Fall

Google recorded a revenue increase of 70% for the third quarter, to $2.69 billion, and nearly doubled its profits to $733 million. Google-owned sites generated revenues of $1.63 billion, or 60% of total revenues, in the third quarter of 2006. This represents an 84% increase over third quarter 2005 revenues of $885 million and a… Continue reading Google Revenues Grow 70%

By the end of the year, Google is expected to command a 25% market share of online adspend, according to eMarketer. eMarketer says that Google will see its ad revenue soar to more than $4 billion by the end of the year, a number that matches the record ad spending of the entire industry during… Continue reading Google Could Command 25% Market Share Of Online Adspend