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A new US report has found that almost 20% of social networking sites’ advertising comes from local businesses and marketers. The Borrell Associates assessment of 118 social networking sites forecasts that $641 million will be spent on local ad sales in 2009. A key finding of the report is that the majority of local ad… Continue reading US social network local-ad sales to hit $641m

BBC One’s The Street secured the highest ratings during the all-important prime time slot last with 5.3 million peak viewers.The second episode in the six-part series, which saw a single mother played by Anna Friel turn to prostitution to pay off her debts and provide for her two sons, attracted over 5 million average viewers… Continue reading Overnights: The Street banks the top spot with 5.3m viewers

Future publishing’s Classic Rock magazine is launching a new subscription service letting readers download new albums before they are released in shops.The Classic Rock Club service – Future’s first premium content offering – costs £3 a month and is being launched with online content specialist Jack Brand, according to a report on MediaGuardian.The editorial team… Continue reading Classic Rock magazine launches new subscription service

Investment in Public Service Broadcasting (PSB) programming from the five main broadcasters has dropped by almost 15% over the last four years, according to new research.Ofcom’s latest PSB annual report shows that the five main PSBs spent £2.6 billion on original UK programmes in 2008, down from £3 billion in 2004.The report also found that… Continue reading Ofcom: PSB investment in decline

Yahoo! has unveiled its revamped homepage today with new features including integrated social networks such as Google and Facebook.The new opt-in site has been made available in the US today and will be released across Yahoo!’s international properties throughout the rest of the week, including the UK.Yahoo!’s chief executive Carol Bartz said the redesigned homepage,… Continue reading Yahoo! unveils its new homepage

The global internet population will grow more than 45% over the next five years, to 2.2 billion, according to a new report from Forrester Research. Nearly half of all European Internet users are currently clustered the UK, France, Germany, Spain, and Italy, said Forrester. Within these five markets, internet penetration is highest in the UK… Continue reading Global online population to grow 45%

A new study has found that 29.4 million people accessed at least one social networking site in the UK in May, averaging 4.6 hours per visitor during the month. The comScore study, shows that social networking has become a mainstream online activity among all age groups, with 80% of the total UK online population having… Continue reading Almost 30m people in the UK accessed social networks in May

Total net revenues at Metro International declined by 26% year on year in the second quarter of 2009, to €60.7 million. Adjusting for currency movements, closed and divested operations and revenues lost due to the Easter Holidays, net revenues were down 12%. The company’s total operating loss was €3 million for Q2, while the net… Continue reading Metro International reports revenue decline

Independent News & Media is in talks with banks and bondholders about extending its debt standstill deal, according to a Financial Times report. The publisher of the Independent has a standstill agreement in place which is due to expire on Friday. If an extension is agreed INM will avoid going into examinership, or bankruptcy protection.… Continue reading INM negotiating debt standstill extension

A new forecast from eMarketer projects that growth in UK online ad spending will be just 0.9% this year. Karin von Abrams, eMarketer senior analyst and author of the new report, said: “In 2009, online ad spending has been hit harder than most UK marketers thought possible even a few months ago. “Budget cuts have… Continue reading Low growth predicted for UK online adspend this year