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Aegis Group has acquired an initial 75% of the share capital of MediaVest Manchester.

News Corp sold Myspace for £22 million to Specific Media and Justin Timberlake last night.

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.