UKTV has named BBC Worldwide managing director Darren Childs as its new chief executive officer.
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Professional social networking site Xing has made a record operating profit for the second quarter, making €3.7 million (£3.1 million) due to its strategy of investing in new revenue streams.
Channel Five will lose seven out of nine executive board directors, as Richard Desmond attempts to make savings of £20 million – £9 million from staff cuts, and £11 million from overheads.
Acording to the Pew Internet and American Life Project, 48% of all teen internet users bought goods such as clothes, books and music online.
Clear Channel’s international revenue, for the second quarter of 2010, is up 2.7% year-on-year.
Virgin Media has put its 50% stake in UKTV up for sale, with an aim to get at least £350 million. The 50% share includes outstanding loans of £116 million.
Outdoor advertising revenues for the second quarter of 2010 is up by 17.8% year-on-year.
In July, the Department for Culture, Media and Sport (DCMS) said that it intends to scale back the role of Ofcom by 2012, and it is understood that Ofcom has offered to surrender some of its powers.
At 10am tomorrow, Apple will open its 300th store – and also its largest yet – in London’s Covent Garden.
Global revenue at CBS Outdoor has increased 5.1% in the second quarter, up to $456.3 million (£287 million) year-on-year.