Digital currently accounts for about 30% of WPP revenues – “nearly double its closest competitor” – according to Bank of America Merrill Lynch (BoAML).
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The Bank of America Merrill Lynch (BoAML) expects Sky’s growth to continue, despite the overall TV market slowing in this “tough consumer environment”.
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.