Independent News & Media (INM) has sold its 37% stake in European mobile content company iTouch for €100 million to Japanese company For-Side.com, making a profit of £51 million.For-side are hoping that the acquisition of iTouch will give them a greater share of the mobile content market in Europe.iTouch deals with games, news content and… Continue reading INM Makes Massive Profit On Mobile Firm Sale

US analyst, eMarketer, has released new forecasts for 2005 advertising expenditure predicting online advertising to rise by nearly 34% in 2005 to about $13 billion. Paid search is estimated to grow by 40% over the year to $5.4 billion, up from previous estimates of $4.7 billion. The success of search engines Yahoo and Google have… Continue reading Online Adspend To Hit $13 Billion In 2005

Migration to Voice over Internet Protocol (VoIP) is predicted to reach its peak between 2010-2012, with penetration starting to grow over the next four years according to high-tech market research firm, In-Stat. The new Carrier NGN Migration Strategies report, shows that the time frame of VoIP adoption is largely dependent on carriers’ strategies for the… Continue reading VoIP Predicted To Peak Between 2010-2012

Channel Five may be launching a women’s lifestyle channel in an attempt to strengthen its digital offerings as terrestrial programmers prepare for the impending multi channel dominance.As rival broadcasters inject their programming strategies with a raft of digital options, Five has been criticised for being left behind, being the only UK terrestrial channel with no… Continue reading Five May Launch Digital Channel

UK publishing group Pearson’s flagship Financial Times newspaper is continuing to improve, enjoying a 3% increase in advertising revenues so far this year, compared to 2004.Pearson said that if advertising sales in the Financial Times follow this upward trend then the newspaper is expected to break even this year.Commenting on the group’s strong start to… Continue reading Financial Times Looking To Break Even

Pearson has no intention of selling its flagship newspaper the Financial Times, according to Dennis Stevenson, outgoing chairman of publishing group Pearson.Speaking at the companies annual general meeting, Stevenson said that while the group is “always looking at its options…we are not considering selling the FT”.Stevenson also said that cost-cutting at the Financial Times means… Continue reading Pearson Will Not Sell Financial Times

UK publishing group Pearson’s flagship Financial Times newspaper is continuing to improve, enjoying a 3% increase in advertising revenues so far this year, compared to 2004. Pearson said that if advertising sales in the Financial Times follow this upward trend then the newspaper is expected to break even this year. Commenting on the group’s strong… Continue reading Financial Times Looking To Break Even

International special-interest consumer magazine group, Future Publishing, has announced the acquisition of 38 magazine titles from rival publisher Highbury House Communications, for a cash consideration of £30.5 million. The titles purchased include, Fast Cars, Fast Bikes, DJ, DVD Review, the What Video group of magazines and Highbury’s puzzle offerings. The deal also includes Highbury’s US… Continue reading Future Acquires 38 Magazines From Highbury House

Broadcast mobile television users are expected to reach 124.8 million by 2010, with an inflection point predicted in 2009, as network rollout and device availability for the market reach a level of critical mass. A new strategic report by Informa Telecoms and Media estimates that by 2010, there will be globally 18.11 million terrestrial DMB… Continue reading Broadcast Mobile TV Users Forecast To Hit 124.8 Million By 2010

London’s Heart 106.2 is embarking on its biggest-ever TV and press marketing campaign marking the launch of the new “Heart Breakfast with Jamie Theakston”.The £2 million campaign, starting on 16 May, will run for ten weeks across Carlton, LWT. Channel 4, Five and key satellite networks including ITV2, E4, Living and UKStyle.The campaign will be… Continue reading Heart Starts £2 Million Plug For Breakfast Show