More Media Business articles

National Magazine Company, Hearst Corporation’s main UK business, and Hachette Filipacchi have been rebranded as Hearst Magazines UK.

BSkyB has reported pre-tax profits of £1 billion in the year to the end of June, as the company announced a £750 million share buy-back to appease investors following News Corporation’s failed attempt to take full control of the satellite broadcaster.

Aegis Group has sold international research operation Synovate to Ipsos for £525 million – a deal that makes Ipsos the third largest market research company in the world.

ITV has released its interim results for the first half of the year (ending 30 June 2011), claiming “solid progress” in the first year of its five-year transformation plan under chief executive Adam Crozier.

DMGT has reported a 3% drop in advertising revenue for its national newspaper division in the first three weeks of July, while overall print ads fell 12% in the quarter to 2 July.

The New York Times has reported a loss on a $161.3 million write-down of assets at the News Media Group.

Investment provides Aegis Media with access to growing market of multi-platform, mobile technology solutions

CITY AM registered its first profitable year in 2010 with a pre-tax profit of £439,047.

News Corporation is withdrawing its planned bid to take full ownership of BSkyB following the News of the World phone-hacking scandal.

BSkyB is in “robust shape” and could see 8% revenue growth in 2011/12 despite the on-going News Corporation saga, according to RBS forecasts.