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AOL is to buy leading social networking website Bebo in an $850 million (£417 million) cash deal.Bebo, founded by Michael and Xochi Birch in 2005, claims to have 11.4 million unique users in the UK and a worldwide membership of more than 40 million.In a statement released this afternoon, AOL said that the deal would… Continue reading AOL To Buy Bebo For $850m

Trinity Mirror is to roll out its hyper local community websites nationwide, beginning with two Coventry sites in April.The Coventry websites, which launch in the Coventry Telegraph‘s circulation area in April, will feature user-generated content including readers’ blogs and photos, and follow a successful pilot in Teesside.Trinity Mirror launched 22 postcode-specific hyper local websites in… Continue reading Trinity Mirror Expands Hyper Local Offering

The number of computers in the US using mobile broadband technology to access the internet grew by 154% year on year in Q4 2007, according to a new study from comScore. Mobile broadband employs cellular networks, where users pay subscriptions for access and the connection is made with a PC card, built-in adapter, or connections… Continue reading Increase In Number of US Computers Going Online Via Mobile Broadband

Channel 4 is intending to move further into the digital media realm with an investment of £50 million in new format expansion as part of the broadcaster’s vision for its future.Chief executive, Andy Duncan, has unveiled the “Next on 4” blueprint for the broadcaster’s role in public service broadcasting, outlining how C4 intends to expand… Continue reading Channel 4 To Extend Digital Media Expansion

A new report from Leichtman Research Group (LRG) has found that the 19 largest cable and telephone providers in the US – representing about 94% of the market – acquired over 8.5 million net additional high-speed internet subscribers in 2007. Annual net broadband additions were down compared to the record 10.4 million in 2006, and… Continue reading Over 8.5 Million In The US Added Broadband from Top Companies in 2007

MySpace, the social networking website owned by News Corporation, is launching an advertising system in the UK that targets consumers using the personal information on their profile pages.Travis Katz, the senior vice-president and general manager for international at MySpace, said the “hyper-targeting” system was already popular with advertisers in the US, reported the Guardian.The new… Continue reading MySpace To Launch Targeted Ad System

In 2007, global TV shipments rose 4% to almost 200 million units, worth over $100bn, and growth will accelerate to reach 280 million units, worth $160bn, by 2012, according to a new report from Understanding & Solutions. The global TV boom is being powered by consumer desire for flat panel TVs and growth in emerging… Continue reading TV Shipments To Exceed 280m Units By 2012

The Sun is planning an extensive redesign which will see it move closer in look to News International freesheet thelondonpaper, according to a report.The Guardian reports that the changes, which will be introduced over the next two months, will include colour-coded sections and a more modern design.It is understood that the Sun is planning to… Continue reading The Sun Planning Extensive Redesign

The combination of greater 3G adoption and a marked increase in rich media, made-for-mobile content will drive mobile entertainment revenues to $47.5 billion by 2010, according to a new report from Juniper Research. However, the Juniper report cautions that entertainment service adoption will be retarded unless improvements are made in areas such as the user… Continue reading Mobile Entertainment Revenues To Reach $47.5bn By 2010

A pre-9pm ban on junk food ads could cost commercial broadcasters £450 million in lost ad revenues, according to a report.Brand Republic reports that despite a previous estimate from regulator Ofcom that a pre-watershed ban on the TV advertising of alcohol and foods high in fat, salt or sugar (HFSS) could cost broadcasters £250 million,… Continue reading Pre-9pm Ban On Junk Food Ads Could Cost Broadcasters £450m