Chancellor of the Exchequer, Gordon Brown, stood up at 12:32pm to reveal his tax and spending plans for the next year. Key points of the 2005 Budget are as follows…The Chancellor stated that Britain was enjoying its longest period of sustained economic growth since 1701.Inflation is 1.6%, expected to rise to 1.75% this year and… Continue reading Budget 2005 Coverage – The Chancellor’s Speech Live

Regional newspaper publisher, Johnston Press, has released today an upbeat trading statement for 2004 showing an increase in pre-tax profits of 18% year on year to £150.6 million, compared with £128 million in 2003. This rise is better than expected and follows strong growth in advertising revenue during 2004 across the company’s string of regional… Continue reading Johnston Press Strong 2004 Profits Driven By Advertising Growth

Independent News & Media Plc has experienced robust growth across all of its sectors resulting in a 22.8% increase in operating profit to a record €285.7 million, up from €232.6 million in 2003, driven by strong advertising and circulation growth. According to the company’s preliminary results for 2004 profit before tax rose by an impressive… Continue reading Independent News & Media Report Rise In Operating Profit For 2004

Over 22 million American adults have iPods or MP3 players, with internet users four times more likely than non-internet users to own one of these music devices, according to a report by the Pew Internet & American Life Project. The research summary by Lee Rainie reports that 15% of internet users have iPods or MP3… Continue reading Internet Users More Likely To Own Music Players

Kelvin Mackenzie’s talkSPORT is under investigation from media watchdog Ofcom after a listener complained about a comment made by one of the presenters during an analysis of a football match between Manchester City and Norwich City.During the match discussion in talkSPORT’s Evening Kick-Off, one of the presenters made an inappropriate comment on the performance of… Continue reading TalkSPORT Has Wrist Slapped By Ofcom

Advertisers will soon be able to target taxi passengers with high-impact multimedia campaigns, thanks to new technology from taxi advertising specialists, Cabvision.Cabvision claims to be the first media owner to offer “broadcast style” in-cab TV, delivered via DAB technology, to provide up-to-date content to a network of TV screens installed in some the capital’s black… Continue reading Cabvision Drives Multimedia Advertising On The Move

Global holdings group, Interpublic Group has announced plans to defend its General Motors (GM) account, a day after the company’s stock price dropped dramatically after reports that GM would put its media buying account up for review. A statement released by Interpublic said: “We firmly believe that we can mount a successful defence, as we… Continue reading Interpublic To Defend General Motors Account

Speculative reports this morning suggest that United Business Media could off-load its 35% stake in Five before the departure of outgoing chief executive Lord Hollick in May, despite optimistic financial results released by the broadcaster last week.Lord Hollick, currently embroiled in the sell-off of research specialist NOP world, is reportedly enthusiastic about withdrawing UBM’s interest… Continue reading UBM Considers Sale Of Stake In Five

Business to business publisher, Centaur, has announced an impressive performance for the last six months of 2004, seeing profits more than double to £2.4 million following healthy growth in advertising revenues during the first half of the year.The company, which publishes several trade and media titles, including New Media Age and Design Week, saw overall… Continue reading Centaur Sees Profits Double In Interim Results

The BBC’s delayed Supervolcano docu-drama drew more than 7 million viewers last night, according to overnight ratings, as the Corporation’s £2.8 million disaster epic finally screened after being rescheduled following the Asian tsunami disaster.The drama, billed as a “true story that hasn’t happened yet” was originally intended as the jewel in the crown of the… Continue reading Supervolcano Scores In Ratings But Fails To Top ITV