Facebook has reported its first quarter on quarter revenue dip in two years, with net income falling slightly to $205 million as costs nearly doubled to $677 million.
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The Daily Mail publisher has enjoyed a solid performance from its B2B and events businesses, however, it has been hard it by dwindling ad revenues, particularly in Q2, and redundancies and re-organisation costs (mainly in A&N Media).
Google has reported strong Q1 earnings – up 60% year on year to $2.89 billion (£1.81 billion), with gross revenues also up by 24% to $10.65 billion.
According to Bank of America Merrill Lynch (BoAML), the Virgin Media ‘story’ is characterised by a two-way pull between management trying to tweak the model to generate cash (to drive share buybacks) and the operational issues facing the company.
New technology is changing the TV landscape and the way we consume TV, with a shift from broadcast TV to on-demand. Over the top (OTT) offers consumers a better user experience and operators lower upfront costs.
Blackberry-owner RIM has reported revenue of $18.4 billion, down 7% from $19.9 billion in 2011.
Emap plans to change its name to Top Right Group and split into three companies ahead of a potential sell-off.
David Hellier, deputy editor at City AM, on last week’s budget announcement; ITV, WPP and Aegis results; the gloomy world of press; and the growing interest in how BSkyB’s new internet offering performs…
City AM editor Allister Heath says there was one over-riding failure in the Budget: a refusal to accelerate spending cuts…
ITV, Facebook, Twitter, RSA Films, Aardman Animation, Saatchi & Saatchi, Omnicom Media Group, Spotify, Zynga, global gaming company Activision and special effects company Double Negative are just some of the 100 creative and digital media companies uniting behind an innovative new recruitment drive across the country to fast track 300 young people into employment in the UK.