More Media Business articles

BSkyB is forecast to double its earnings over the next five years if Rupert Murdoch’s takeover deal for the satellite broadcaster goes ahead.

Emap reported a significant fall in pre-tax profits in 2010 as government cuts hit its publishing and events business. The publisher reported pre-tax profits of £27 million for the 12 months to 31 December.

Shares in the Daily Mail & General Trust fell by 9% after the publishing group released its half-yearly financial report.

Google has appointed Proctor & Gamble’s digital marketing director Lucas Watson in a bid to attract more advertisers to YouTube.

blinkx recorded pre-tax profit up $16.1 million for the year ending 31 March, with revenue nearly doubling to $66.1 million.

On the back of LinkedIn’s IPO success, the Russian search engine Yandex NV is forecast to perform well on the Nasdaq Stock Market today.

“We have a short operating history in a new and unproven market, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful” – LinkedIn’s offer document.

LinkedIn shares were up 90% in its public trading debut today.

LinkedIn sold 7.84 million shares for $45 each, for a total of $352.8 million yesterday (Wednesday).

We are big fans of LinkedIn at MediaTel – witness MediaTel Group’s Media Village Network for instance – or witness it if you can. As flotation day gets closer, LinkedIn seems to be getting slower and slower.