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Independent News & Media has sold its 18% stake in Cashcade for £13.2 million to digital group PartyGaming.The struggling newspaper group will receive €15.3 million for the gambling group, which owns gaming brands such as Foxy Bingo, as well as “incremental proceeds” over the next two years as long as earnings targets are met.PartyGaming’s deal… Continue reading INM offloads Cashcade asset

Arqiva is understood to be in discussions to buy the technology behind Project Kangaroo, the failed broadband TV venture between BBC Worldwide, Channel 4 and ITV.The broadcast transmission company was up against Orange as the only serious contenders to buy the technology, however, Orange pulled out of the process in May.As a result, talks with… Continue reading Arqiva set to buy Kangaroo technology

Daily Mail & General Trust’s revenues from its consumer media operations were down 19% year on year in the second quarter, to £303 million. Total underlying revenues at Associated Newspapers fell by 12% to £206 million underlying circulation revenues were 7% lower year on year. advertising revenues in Q2 fell by 15%. Within this figure,… Continue reading DMGT’s consumer revenues fall 19%

Yellow Pages directory site Yell.com has signed a deal with Videojug to provide “how to” videos and a blog network.The online business directory has added the new features in a bid to turn the Yellow Pages service into a multimedia content company, according to reports.Videojug, the creator of around 50,000 video clips, will provide online… Continue reading Yell.com adds new video network

The Bill is to be repeated on ITV3 so fans of the programme in Scotland can watch the show, after STV axed it from its Thursday night line-up.STV, ITV franchise holder for north and central Scotland, dropped The Bill earlier this month due to the cost of network shows. It has also axed Lewis and… Continue reading ITV3 solution for Scottish fans of The Bill

ITV1’s new six-part Car Crime UK series, which started alongside BBC One’s new prime time crime series, The Truth About Crime, just managed to pip its rival the top spot last night.BBC One’s crime documentary had a promising start when the two new rival programmes came head-to-head, attracting 3.1 million peak viewers, but lost out… Continue reading Overnights: ITV1’s new crime show pips BBC One to the top spot

Setanta’s nine channel slots on the BSkyB digital satellite platform have been put up for sale, with administrator Deloitte appointing Canis Media to oversee the procedure.The channels slots, which broadcast Setanta News, Setanta Golf, Racing UK, Racing World, and the Arsenal, Celtic and Rangers TV channels, could make up to £9 million.Ed Hall, chief executive… Continue reading Setanta EPG slots up for sale

Harry Potter and The Half-Blood Prince lived up to its magical hype, conjuring up a staggering £19.8 million in its first five days at UK and Ireland box offices.The sixth film in the Potter fantasy series hasn’t disappointed audiences, or its distributor Warner Bros, making a massive £11.9 million during its opening weekend in the… Continue reading All-new Harry Potter opens with almost £20m

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

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%