Trinity Mirror has reported a 40% fall in pre-tax profits to £74 million for 2011 – and has agreed to cut pension fund payments by almost £70 million.
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Aegis Group has released its preliminary results for 2011 with group organic revenue growth of 9.9% (2010: 5.3%), including 12.0% in Q4, and group underlying operating margin of 17.4% (2010: 16.1%).
RTL has reported a 4.6% increase in pre-tax profits to €1.19 billion (£0.99 billion) for 2011 – mainly based on higher revenues from FremantleMedia.
Emap is considering selling off its magazines business and most of its conferences, according to today’s Telegraph.
Sir Martin Sorrell’s WPP has reported an 18% rise in pre-tax profits for 2011 to break the £1 billion mark for the first time.
ITV has released its preliminary results for 2011 with external revenues up 4% (driven by non-advertising revenues) and national advertising revenues (NAR) up 1% – outperforming the TV advertising market.
NEW: In his first blog for Newsline, David Hellier, deputy editor at City AM, surveys the current financial backdrop and how it is affecting the media landscape from a city perspective…
Bank of America Merrill Lynch (BoAML) has raised its global ad forecast from 1.4% to 2% in 2012 to reflect recent GDP upgrades and stronger than expected trends in Q4.
Apple’s shares broke above $500 for the first time yesterday, following the company’s positive results announcement on 25 January.
News Corporation has reported second quarter revenue of $8.98 billion, a 2% increase on the $8.76 billion revenue it reported a year ago.