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The Economist Group has recorded a 26% increase in operating profit to £56 million in the year ending March 31 2009. The group also recorded a 17% increase in revenue, to £ 313 million. Ad revenues in Continental Europe and Middle East and Africa were very strong, it said, with MEA increasing 39%. UK revenues… Continue reading Economist Group records 26% increase in operating profit

Independent News & Media is considering a “deeply discounted” rights issue in order to repay some of its €200 million (£169 million) bond. The owner of the Independent, Independent on Sunday and Belfast Telegraph, said that it will extend the Friday deadline its €200 million bond until 24 July. In a statement to the Irish… Continue reading INM considering “deeply discounted” rights issue

BBC One’s three-part war drama ended on a high last night with 3.4 million peak viewers during the all-important 9pm to 10pm slot.Occupation, starring James Nesbitt and Warren Brown, attracted 3.3 million average viewers and a 15.4% share over the course of the hour, a slight increase on its ratings from Wednesday night.Elsewhere, BBC’s rival… Continue reading Overnights: Final Occupation secures the top spot

News International has cancelled its £30 million contract with newspaper distributor Dawson Holdings.The newspaper publishing group is the latest company to terminate its deal with Dawson Holdings, forcing the firm to close its magazine and newspaper distribution arm.News International’s multimillion pound-contract is due to be cancelled “almost immediately”, according to Dawson Holdings.Dawson is also expected… Continue reading News International terminates Dawson Holdings contract

Online gadget site Firebox.com is set to launch a pilot digital consumer magazine for its subscribers next week.Genius, which is the first project to be produced by Insider Consultancy’s new digital publishing arm, will be sent out to all of Firebox’s 600,000-strong mailing list.PR and marketing consultancy Insider was founded by Mike Peake and Simeon… Continue reading Gadget site to pilot new digital magazine

Microsoft has continued to increase its position in the US search market following the initial week of new search engine Bing’s debut, according to new comScore data.Microsoft sites saw average daily searcher penetration and share of search result pages in the US continue to climb during the second week of Bing’s introduction, said comScore.Average daily… Continue reading Bing increases market share

Online behavioural targeting company Phorm claims it has enough funds to continue running despite a pre-tax loss of $48 million.The ad firm reported a pre-tax loss of $48 million for the year ending December 31 2008, compared with a pre-tax loss of $32 million in 2007, but says it will continue to trial its controversial… Continue reading Phorm’s pre-tax loss reaches $48m

ITV is set to relaunch its online offer for advertisers and agencies in a bid to highlight its range of content.The commercial broadcaster’s B2B website features a marketing tool for buyers, which helps to select programmes for individual client campaigns, as well as research that highlights ITV’s cross-platform advertising opportunities.ITV’s director of commercial marketing, Julia… Continue reading ITV revamps its online offer for advertisers

Spending on email marketing in the US will balloon to $2 billion by 2014 – a nearly 11% compound annual growth rate – according to a new forecast by Forrester Research. Falling cost per thousands, a high return on investment, and growing consumer use of social email accounts will fuel the use of email by… Continue reading US spending on email marketing to reach $2bn by 2014

Mobile advertising revenues in the US and Canada are forecast to grow from $208 million in 2009 to approximately $1.5 billion by 2013, according to a new Parks Associates report. Parks Associates estimates there were 62 million smartphone users in North America in 2008, with user penetration to reach 239 million in 2013. It projects… Continue reading Mobile ad revenues in US and Canada to hit $1.5bn by 2013