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Interpublic Group recorded profits of $137 million (£67.8 million) for the second quarter of 2007. The group’s revenue was $1.65 billion in the second quarter, whilst first-half revenue was $3.01 billion. Organic revenue increased 6.6% compared to the second quarter of 2006, due to higher revenue from existing clients and net client wins. For the… Continue reading Interpublic Profits Almost Double

ITV’s underlying earnings fell to £151 million in Michael Grade’s first six months in charge, although this figure is £10 million higher than analysts had predicted.Lower earnings had been expected after ITV said in a trading statement last month that it had been hit by a decline in revenues at ITV Play, the broadcaster’s quiz… Continue reading “Signs Of Recovery” At ITV

Guardian Media Group is believed to be in discussions with private equity firm Apax Partners about launching a £2 billion joint bid for Emap. Talks between the two companies are at an early stage and that no formal agreement has been made, according to a report in today’s Daily Telegraph. According to the report, GMG… Continue reading GMG And Apax In Possible Joint Bid For Emap

In-game ads have a positive impact on metrics like brand familiarity, ad recall and ad rating – even increasing purchase consideration by an average of 41%, according to a new report from Microsoft’s Massive. Conducted by Nielsen Entertainment, the study surveyed more than 600 Xbox 360 and PC players of Electronic Arts’ Need for Speed… Continue reading In-Game Ads Increase Purchase Consideration

Virgin Media lost 70,300 subscribers across its four cable and mobile services in the three months to the end of June.The cable operator added 2,200 new cable TV subscribers during the quarter, saying that the removal of Sky’s basic channels in March resulted in it losing 40,000 customers across its range of services (see Virgin… Continue reading Virgin Media Loses 70,300 Subscribers In Q2

Advertising agency Fallon has completed a four-month redesign of BBC national radio brands, with the Corporation unveiling 10 new logos.The redesign of the logos sees the 10 stations come under one design concept, doing away with the previous disparate collection.The BBC said that the new logos are intended to give its radio branding a greater… Continue reading BBC Radio Brands Get Redesign

The launch of the Setanta Sports News service on the Virgin Media platform has been delayed after TWI pulled out of the project.TWI, the sports-content production arm of IMG Media which produces Sky’s cricket coverage and the BBC’s snooker and darts, said yesterday that it was unable to agree terms with Virgin Media.The channel was… Continue reading Setanta Sports News Channel Faces Delay

Virgin Media has extended its deadline for receiving formal takeover proposals following a recommendation from its financial advisers “to enhance shareholder value”. Virgin Media said in a statement that it had “extend the process until these parties can complete their proposals in a more stable debt market environment”. It added: “As a consequence of this… Continue reading Virgin Media Extends Bid Deadline

More than 80% of UK newspaper readers and 74% of magazine readers think that print and online media are equally trustworthy, according to a survey conducted by the Association of Online Publishers.The report also found that 72% of newspaper readers and 66% of magazine readers in Britain believe that online media is as reliable as… Continue reading Survey Reveals Trust Comparison For Print And Online

Archant, the regional newspaper group, has announced that its overall revenue in the 26 weeks to the end of June was up 2.1% at £98.5 million (2006: £96.4 million). The group reported a 64.6% rise in pre-tax profits, owing in part to a £3.8 million profit it made in April when it sold its Scottish… Continue reading Archant Revenue Up 2.1%