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Free newspaper publisher Metro International has posted a 24% decrease in total net revenues for the first quarter, to €55.6 million. Metro International – which publishes in more than 100 major cities in 18 countries across Europe, Asia, North and South America – also revealed that it has terminated discussions with a potential buyer. It… Continue reading Metro International records 24% fall in net revenues

UK-listed shares in Independent News & Media are up over 20% amid claims that the new board will offload its loss-making Independent and Independent on Sunday titles.Experts have been called in to review the group’s books in the past few weeks with a view to creating a turnaround strategy for the heavily-indebted Irish media company,… Continue reading Independent share price up amid sale hopes

Newsquest Specialist Media has launched a new bi-monthly sports magazine called Fighting Fit.The new title is set to provide information and advice to combat sports enthusiasts on health, nutrition and training techniques, as well as product reviews, technical advice and fighter profiles.Newsquest said it aims to target readers with an interest in combat sports, from… Continue reading Newsquest launches new sports title

Over 66 million US consumers across demographic categories are using the internet while watching TV, according to market research firm In-Stat. Based on In-Stat’s recent survey of US TV viewing habits, 33% of all male respondents, across age groups, reported that they are sometimes using a personal computer simultaneously while watching TV. Among some male… Continue reading Over 66m US consumers go online while watching TV

London’s Magic 105.4 is set to launch its sixth series of user-generated content ‘Magic Good Mood Film’ television ad-campaigns.The TV ads, which return on April 17 to promote Neil Fox’s More Music Breakfast Show, aim to “capture and lift the mood of London by using listeners’ favourite images of the capital and their lives in… Continue reading Magic launches new TV ad campaign

Gordon Brown today backed broadband for all amid claims that universal broadband access is crucial for the future success of Britain’s economy.Speaking at the Digital Britain summit in London, Brown told the leading players from the media, music, telecoms and technology industries that blanket high speed internet access “lies at the heart” of Britain’s economic… Continue reading Gordon Brown calls for broadband for all

The government is looking at introducing a fast-track legislation later this year to relax ownership regulations in a bid to help local newspaper and radio companies.The quick-fix bill, which would have relatively few clauses, would allow the government to change existing laws without introducing new primary legislation, according to reports.However, it is unlikely to extend… Continue reading Government to relax local media ownership rules

Newsquest’s advertising revenue fell 38.7% year on year in the first three months of 2009.Financial results published by the regional newspaper publisher’s US parent company Gannett also show that UK classified advertising revenue was down 45.1% in the first quarter.Craig Dubow, chairman, president and chief executive of Gannett, said: “Our results reflect the pressure on… Continue reading Newsquest’s ad revenue down 38.7%

Google has reported a 6% rise in its first quarter revenues, to $5.51 billion (£3.72 billion). However, revenues were down 3% in the first quarter compared to the fourth quarter of 2008. Income in Q1 was $1.42 billion (£959 million), up from $1.31 billion (£884 million) a year earlier. AdSense revenue was $1.64 billion (£1.10… Continue reading Google reports 6% rise in Q1 revenues

Growth in user spend on mobile entertainment services will slow dramatically over the next two years unless key markets emerge from recession, according to a new report from Juniper Research. The Mobile Entertainment report found that, under a worst case scenario of a prolonged global recession, mobile entertainment revenues would increase by nearly $13 billion… Continue reading Growth in user spend on mobile entertainment to slow over next two years