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Yahoo! has turned down Microsoft’s $45 billion (£23 billion) takeover bid, saying that it substantially undervalues the company.However, a deal could still go ahead if Microsoft returns with an improved offer.In a statement released this afternoon, Yahoo! said: “After careful evaluation, the board believes that Microsoft’s proposal substantially undervalues Yahoo! including our global brand, large… Continue reading Yahoo! Turns Down Microsoft Takeover Bid

Yahoo! has rejected Microsoft’s $45 billion (£23 billion) takeover bid, saying that it substantially undervalues the company. A deal could still go ahead if Microsoft returns with an improved offer, which according to reports might have to be in the region of $12 billion more. In a statement released this afternoon, Yahoo! said: “After careful… Continue reading Yahoo! Rejects Microsoft Takeover Bid

It was another big week for media news in the City, with reports that Google had approached Yahoo! about a possible link-up to fend off Microsoft’s advances.At the start of the week Google raised objections to Microsoft’s $44.6 billion bid for Yahoo!, saying that a takeover would create a business with an overwhelming share of… Continue reading Media In The City: Google Approaches Yahoo! About Possible Partnership

Arqiva operated DAB multiplex, Digital One, has announced that 90% of the population of Great Britain now live within its coverage area.Digital One’s chief executive, Quentin Howard, said: “With the switch on of the 133rd transmitter in Whitby this week we broke another record and commercial radio is leading the way in delivering DAB digital… Continue reading Digital One Multiplex Now Covers 90% Of Britain

Former Radio 1 and 6 Music chief, Ric Blaxill, has joined Bauer Radio as a launch consultant, as the group plans further expansion of its portfolio of digital radio services.Following the launch of the new Heat Radio last September and with work underway on the launch of Closer Radio, the group says it is now… Continue reading Bauer Hires Blaxill For Digital Radio Push

GCap Media has unveiled a “radical but realistic” set of measures to boost profits and maintain long term growth for the company, which deal a significant blow to DAB digital radio.The new chief executive, Fru Hazlitt, confirmed the closure of digital stations theJazz and Planet Rock and the intended sale of the group’s majority stake… Continue reading DAB Dealt A Blow As Gcap Unveils Radical Measures

New owner Bauer Consumer Media has suspended NW and First Magazines from publication, ahead of next week’s consumer magazines ABC release.Bauer made the announcement in a statement from Marcus Rich, group managing director Bauer Advertising and Bauer London Lifestyle Magazines.The company said it would now enter into a month-long period of consultation with editorial staff.… Continue reading Bauer Suspends Publication Of NW And First

Nearly 80 million Americans (43% of the online population) have watched one of their favourite TV shows on the internet, up from 25% 12 months ago, according to new research from Solutions Research Group (SRG). A full 20% of the American online population said that they watch TV on the web on a weekly basis,… Continue reading 20% Of Americans Watch TV Online On Weekly Basis

comScore’s Video Metrix service for December 2007 has revealed that US internet users watched more than 10 billion videos online during the month, representing the single heaviest month for online video consumption since comScore initiated its tracking service. Top-ranked video property Google Sites saw substantial growth and extended its video market share gains, now accounting… Continue reading US Users Watched Over 10bn Videos Online In December

BBC director general Mark Thompson has said that a download version of the iPlayer for Apple Mac users is to launch this year.The iPlayer is currently available in two versions: a program allowing users to download shows to their Windows PC and a streaming version available to all users.Writing in a blog posting on the… Continue reading BBC To Launch iPlayer Download For Macs In 2008