A new media sales business, Mean Broadcast, has been set up by John de Napoli, and Damon Letzer, formerly of Enteraction TV and Turner Networks.
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This week has seen the sale of GMG’s regional titles to Trinity Mirror and the forced sale of some of BSkyB’s stake in ITV. Raymond Snoddy comments on the “sadness and eloquence” of the deals.
Associated Newspapers’ revenues were down 12% year in year in Q4 2009 to £280 million.
BSkyB has sold the majority of its 17.9% stake in ITV for £196 million, at a loss of around £350 million.
David Eun has rejoined AOL from Google, as president of AOL Media and Studios. He will be responsible for the company’s 80+ content sites, its new SEED.com publishing platform, as well as the newly acquired StudioNow video platform.
The Radio Advertising Bureau has appointed ex-StarCom MediaVest CEO Linda Smith to the newly created role of executive chairman.
The last couple of years have seen growth in Government marketing spend outstrip a recessionary market. A healthy boost therefore for Group M, today announced as the winner of the COI’s c.£250m integrated media pitch. But with a likely Tory Government planning to slash COI total marketing spend by over 40%, what kind of opportunity does the win really represent?
Profit at Rupert Murdoch’s News Corporation hit $254 million in the three months to the end of December, compared with a loss of $6.4 million a year previously.
Sir Martin Sorrell, chief executive of WPP Group, believes governments could have to decide whether to subsidise loss-making newspapers such as the Guardian.
Advertising revenue at regional publisher Newsquest was down 17.9% year on year in the thirteen weeks to 27 December 2009, according to results from US parent company Gannett.