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Daily Mail & General Trust has issued a pre-close trading statement for the 11 months to the end of August, reporting year-on-year underlying revenue growth of 2%. DMGT expects adjusted full-year pre-tax profits to come in about the “high” £250 million mark. However, tough advertising conditions led to a 24% year-on-year ad revenue fall at… Continue reading DMGT Reports 2% Underlying Revenue Growth

Ofcom has today published the second phase of its review into Public Service Broadcasting (PSB), unveiling plans for an extra £145 – 235 million in replacement funding by 2012.The review found that in order to sustain PSB programmes on channels other than the BBC, “replacement direct or indirect funding is likely to be necessary”.Ofcom also… Continue reading Ofcom Publishes Second Phase of PSB Review

WPP’s Mindshare has unveiled a comprehensive worldwide rebrand of its corporate identity, including a complete refresh of the agency’s brandmark and visual identity.The redesign, developed in partnership with branding agency Moving Brands, coincides with the agency’s ongoing global restructure announced earlier this year.The network’s branding retains the signature colour purple and the new brandmark consists… Continue reading Mindshare Rebrands Corporate Identity

Endemol, producer of reality TV show Big Brother, is to launch a new sports division.The firm has hired two senior executives from sports marketing agency IMG to head the new division, Lawrence Duffy, former head of development at IMG Sports Media, and Gregg Oldfield, former vice-president of network ventures at IMG Media.Duffy and Oldfield will… Continue reading Endemol To Launch Sports Division

ITV’s share price was up by more than 8% this morning, after Ofcom revealed that it proposes reducing ITV’s public service broadcasting commitments.According to reports, ITV shares soared to 46.25p this morning and were trading at 45.75p at 10am, an 8.28% increase from yesterday’s close of 42.25p.ITV has identified around £40 million of savings it… Continue reading ITV Share Price Soars Following Ofcom’s Review

Although UK online ad spend is forecast to post double-digit growth year on year, it is likely to fall as the economic downturn takes effect, according to a new report from PricewaterhouseCoopers. Citing Advertising Association data, the report predicts that total UK online ad spend growth will slow to about 20% in 2008 – a… Continue reading UK Online Adspend To Record Double Digit Growth This Year

WPP’s proposed £1.1 billion takeover bid for market research company TNS has been conditionally cleared by the European Commission. The EC previously said that a merger between WPP and TNS would raise competition issues about market influence in the European audience measurement market. However, it concluded that the deal could go ahead providing certain conditions… Continue reading WPP Gets EC Approval For £1.1bn TNS Takeover

Google search has seen a 3.1% year on year increase and remains well ahead of the competition in the US search share rankings, according to the latest data from Nielsen Online. An estimated 4.3 billion search queries were conducted on Google search in August alone, representing 60% of all search queries conducted during the month.… Continue reading Google Search Sees 3.1% Increase

Archant has appointed Adrian Jeakings as chief executive to replace John Fry who resigned earlier this week to join Johnston Press. Jeakings, currently Group Finance Director at Archant, will take up his new role on November 1. He was previously group finance director of The Stationery Office, a provider of information management services to the… Continue reading Archant Appoints New Chief Executive