The Bank of America Merrill Lynch (BoAML) expects Sky’s growth to continue, despite the overall TV market slowing in this “tough consumer environment”.
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The European Union’s ruling that it is not illegal for individuals to buy set-top box decoder cards from foreign broadcasters is “no risk to Sky”, which will maintain its ‘buy’ rating, according to Bank of America Merrill Lynch (BoAML).
IPC Media posted a 12% increase in operating profits to £51.3 million last year, with revenues up 1.5% to £356 million.
Hearst Magazines has reported pre-tax profits of £12.4 million for 2010, more than nine times its profit of £1.3 million reported in 2009.
Daily Mail & General Trust (DMGT) expects its full-year operating profit to be lower than last year due to “the weak consumer advertising environment”.
Michael Donovan, founder, worldwide chairman and CEO of DDS, has released a statement to the company’s partners following news that it is to merge with MediaBank – its main US competitor….
Donovan Data Systems (DDS) is set to merge with its main US competitor MediaBank, according to the Wall Street Journal.
Raymond Snoddy: “The bottom line is that for the bottom line doing good is good business”…
Nielsen is expected to issue its first-half advertising expenditure report next week, showing a slow down in growth from the first to second quarter.
AOL and Yahoo! are thought to be in talks about a possible merger between the two internet companies, following the departure of Yahoo!’s chief executive Carol Bartz last week.