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The rise of internet television signals the evolution of traditional TV rather than its death, according to Xtreme Insight analyst Lucy Wright.Speaking at last week’s MRG Evening Meeting, Wright said that the common perception that traditional TV is dying is not true, instead TV is actually evolving, with consumers “watching more TV than we were… Continue reading MRG Evening Meeting: The rise of internet TV

The struggling Sport Media Group owned tabloid titles, the Daily Sport and Sunday Sport, have pulled out of the Audit Bureau of Circulations (ABC).The Sunday Sport resigned from the auditing body on March 4 after nearly 20 years, while the Daily Sport quit in February after just a year of having its circulation figures audited.Last… Continue reading Sport Media Group resigns from ABC

Member communities – which includes social networks and blogs – has become the fourth most popular category online, visited by over two-thirds (67%) of the global online population according to new research from Nielsen.John Burbank, CEO of Nielsen Online, said: “Social networking has become a fundamental part of the global online experience.“While two-thirds of the… Continue reading Social networks and blogs increase in popularity

ITV shareholders are hoping to see the appointment of a chief executive in return for pumping more equity in to the struggling broadcaster.ITV is thought to be discussing raising money through a share issue following its poor annual results announcement last week – which saw ITV lose a total of £2.7 billion after a huge… Continue reading ITV shareholders want new chief in return for rights issue

Member communities – which includes social networks and blogs – has become the fourth most popular category online, visited by over two-thirds (67%) of the global online population according to new research from Nielsen. John Burbank, CEO of Nielsen Online, said: “Social networking has become a fundamental part of the global online experience. “While two-thirds… Continue reading Social networks and blogs increase in popularity

The mobile content and services market is predicted to generate over $340 billion in end-user service revenues in 2013, up from around $183 billion in 2008. According to a new forecast from Informa Telecoms & Media, the two most significant service categories for revenues in 2008 were mobile messaging and mobile internet, which together contributed… Continue reading Mobile content and services market to generate over $340bn in revenues in 2013

ITV1’s Billy Connolly: Journey to the Edge of the World attracted 4.2 million peak viewers last night, securing the highest ratings during the 9pm to 10pm slot.The third episode in the four-part series, which saw the comedian board a Russian cruise ship to make a trip through the Northwest Passage, pulled in more than 4… Continue reading ITV pips BBC One to the highest ratings

WPP has reported a 3.8% rise in pre-tax profit and a 2.7% rise in like-for-like revenues for 2008. The global marketing services group reported profits of £747 million for the year and an operating margin of 15%, although this was below its target of 15.3%, which WPP said was due to a weak fourth quarter.… Continue reading WPP reports 3.8% rise in pre-tax profits for 2008

Malcolm Wall, chief executive of Virgin Media’s content division, is to leave the company next month.The news follows reports that Virgin Media is to sell its content business (see Virgin Media could sell content division in next few weeks).Virgin Media’s content division, thought to be worth about £500 million, includes assets such as the company’s… Continue reading Virgin Media content chief to step down

WPP’s chief Sir Martin Sorrell has announced plans to cut up to 2,000 jobs across the world’s second largest advertising and marketing company in the wake of the on-going economic crisis.Despite reporting a strong set of results for 2008 earlier this morning, Sorrell said WPP has a three-pronged strategy for weathering the recession, which will… Continue reading WPP to slash 2,000 jobs