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Independent News & Media has sold its 49% stake in German website Verivox for €18.3 million (£16.6 million).

The government is expected to announce substantial cuts in ad spend in this week’s pre-budget report.

The Chartered Institute of Marketing’s latest Marketing Trends Survey reveals that UK marketers are quietly confident about the prospects for the economy over the next 12 months.

Lord Mandelson has launched a withering attack on Rupert Murdoch’s News Corp, accusing it of having an “iron grip” on the pay-TV market.

Google is to allow publishers to limit the amount of access users have to their content each day, in a move that follows attacks on the search giant by Rupert Murdoch’s News Corp.

Digital advertising revenues will not replace lost print revenues anytime soon, according to the annual world press trends update from World Association of Newspapers and News Publishers (WAN-IFRA).

The new London freesheet The London Weekly will launch on 1 February, with £10.5 million in funding from Global Publishing Group, according to a report on brandrepublic.com.

November saw the release of a forecast predicting that European online advertising spend will climb by more than 7% next year.

Independent News & Media has secured shareholder support to complete its financial restructuring plan.

Daily Mail & General Trust has performed better than expected in the year ending 4 October, recording a 23% fall in adjusted pre-tax profits.