More Media Business articles

WPP’s interim results for the first half of 2010 showed pre-tax profits of £243.9 million – up 36%.

According to the new Ofcom Communications Market Report, media multi-tasking – for example, when a phone call is made while using the internet – accounts for 35% of all media consumption throughout the day.

Sylvia Auton is resuming her duties as chief executive officer of IPC Media, and Evelyn Webster is moving to New York to take up a position with Time Inc.

Metal Hammer magazine, in partnership with Sharon Osbourne Management, is set to publish the first magazine officially endorsed by Ozzy Osbourne.

UKTV has named BBC Worldwide managing director Darren Childs as its new chief executive officer.

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.