More Industry News articles

Independent News & Media is set to secure a further extension to a financial standstill deal with its investors in order to bide more time for debt restructuring.The month-long extension is the third agreement that the Independent owner has had to negotiate in the last three months.INM confirmed its first standstill agreement with banks and… Continue reading INM to secure third standstill deal

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

AOL chief executive Tim Armstrong believes that there will be a resurgence in online video and display advertising within the next 18 to 24 months. In an interview with Reuters, Armstrong said that investors who hold onto the company’s shares will reap the benefit of an online advertising recovery by 2011. Armstrong, who was appointed… Continue reading AOL CEO predicts resurgence in online display advertising

The number of mobile application downloads will approach almost 20 billion per annum by 2014, according to new research. The increasing deployment of app stores targeted at mass market handsets, allied to enhancements in storefront interfaces and an ever increasing array of titles appealing to wider demographics have been the main factors driving this market,… Continue reading Mobile app downloads to hit almost 20m per annum

BBC One’s Live Golf coverage dominated the ratings yesterday, peaking with a high of more than 5.3 million viewers.Around 3.3 million average viewers tuned in to watch The Open Championship, securing BBC One with a impressive 24.2% audience share between 12.50pm and 7.30pm.American Stewart Cink triumphed over his rival Tom Watson by six shots in… Continue reading Overnights: The Open hits a high of 5.3m viewers

Dennis Publishing has acquired global entertainment portal Kontraband.com, adding it to its portfolio of online brands such as Monkey, Maxim.co.uk and autoexpress.co.uk.Launched in 1999, Kontraband.com is an entertainment portal for 18 to 34-year-old men, featuring viral video and pictures, games, blogs and forums.Kontraband.com’s content is edited by a team of five, all of whom will… Continue reading Dennis Publishing acquires Kontraband.com

BBC One’s popular New Tricks returned with a high of 8.1 million viewers during the all-important peak hour last night.The first episode of the new eight-part detective series, starring Alun Armstrong and Amanda Redman, attracted more than 8 million average viewers and a 34.1% share between 9pm and 10pm, putting BBC One well ahead in… Continue reading Overnights: New Tricks kicks off with over 8m viewers

Google’s market monopoly will end one day, according to a hopeful panellist at MediaTel Group’s ‘Future of National Newspapers’ seminar yesterday.Walker Media’s chairman and chief executive Phil Georgiadis thinks Google’s dominance will cease, or at least change, although he admitted he has said that a few times before.Georgiadis said: “It’s a big mistake to believe… Continue reading Google’s dominance will cease