Financial group Capital Ideas has made a bid to buy the Observer from Guardian News & Media.
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Josh Jacobs, Yahoo! VP of ad platform strategy, says that advertisers are returning to the internet.
Clear Channel Outdoor has reported a 24% year on year fall in worldwide revenue for the second quarter, leaving it at $692.1 million.
Facebook has acquired real-time search engine FriendFeed, which many industry analysts had expected to be bought by Google or Twitter.FriendFeed lets users access their social media accounts from one place, bringing together updates from sites such as Facebook and Digg.While it is expected that FriendFeed will remain a standalone product for the time being, it… Continue reading Facebook acquires real-time search service FriendFeed
Guardian News & Media is axing the distribution of newspaper bulks in order to “increase transparency”.The move will see 12,000 bulk copies of the Guardian removed – which made up 3.9% of its monthly sales in June, according to the latest ABC figures – while 20,000 copies of the Observer will go – 5.1% of… Continue reading GNM axes bulk distribution
HMV chief executive Simon Fox has ruled himself out of the running to replace Michael Grade at ITV.
Microsoft is selling its interactive advertising agency, Razorfish, to Publicis Groupe in a cash and shares deal worth $530 million (£317 million).Razorfish will continue to operate under its brand name and will become part of VivaKi, the new Publicis Groupe entity created in June 2008.Razorfish’s management team, led by CEO Bob Lord, will remain unchanged.Maurice… Continue reading Publicis Groupe buys Microsoft’s Razorfish
Regional newspaper publisher Archant has revealed a 61.6% drop in operating profits for the first six months of the year.
Stephen Timms has been confirmed as the man in charge of the government’s Digital Britain vision.
Rupert Murdoch’s News Corporation has reported a $3.4 billion (£2 billion) net loss in the year to 30 June.Figures released today reveal that the media giant took $8.9 billion in writedowns on acquisitions, including a previously undisclosed $452 million charge in Q4 against the Fox Interactive Media division, which owns MySpace.Profits at the company’s global… Continue reading News Corp reports $3.4bn loss