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US advertising giant Interpublic Group has suffered a 76% fall in profits for the second quarter of 2009. IPG, owner of agency networks including Lowe and McCann Erickson, saw profits fall from $88.1 million (£53 million) in Q2 2008 to $20.9 million (£12.6 million). Organic revenue in the second quarter was down 14.5% year on… Continue reading Interpublic profits fall 76%

Profits at FT Publishing fell 40% in the first half of this year, with sales down 13%. FT Publishing is the newspaper and magazine division of Pearson and owns the Financial Times and has a 50% stake in the Economist. The division’s adjusted operating profit fell from £30 million in the first six months of… Continue reading FT publisher’s profits fall 40%

Publicis Groupe has reported an 8.6% fall in global organic revenue growth for the second quarter of 2009 and although it is forecasting a slow recovery from September it expects no positive growth until mid-2010. The first six months of the year saw organic revenue growth fall 6.6% year on year. Revenue for the period… Continue reading Publicis Groupe reports fall in global revenue growth

Daily Mail & General Trust’s revenues from its consumer media operations were down 19% year on year in the second quarter, to £303 million. Total underlying revenues at Associated Newspapers fell by 12% to £206 million underlying circulation revenues were 7% lower year on year. advertising revenues in Q2 fell by 15%. Within this figure,… Continue reading DMGT’s consumer revenues fall 19%

Setanta’s nine channel slots on the BSkyB digital satellite platform have been put up for sale, with administrator Deloitte appointing Canis Media to oversee the procedure.The channels slots, which broadcast Setanta News, Setanta Golf, Racing UK, Racing World, and the Arsenal, Celtic and Rangers TV channels, could make up to £9 million.Ed Hall, chief executive… Continue reading Setanta EPG slots up for sale

Total net revenues at Metro International declined by 26% year on year in the second quarter of 2009, to €60.7 million. Adjusting for currency movements, closed and divested operations and revenues lost due to the Easter Holidays, net revenues were down 12%. The company’s total operating loss was €3 million for Q2, while the net… Continue reading Metro International reports revenue decline

Dennis Publishing has acquired global entertainment portal Kontraband.com, adding it to its portfolio of online brands such as Monkey, Maxim.co.uk and autoexpress.co.uk.Launched in 1999, Kontraband.com is an entertainment portal for 18 to 34-year-old men, featuring viral video and pictures, games, blogs and forums.Kontraband.com’s content is edited by a team of five, all of whom will… Continue reading Dennis Publishing acquires Kontraband.com

Independent News & Media is in talks with banks and bondholders about extending its debt standstill deal, according to a Financial Times report. The publisher of the Independent has a standstill agreement in place which is due to expire on Friday. If an extension is agreed INM will avoid going into examinership, or bankruptcy protection.… Continue reading INM negotiating debt standstill extension

Regional newspaper publisher Newsquest suffered a 36.9% year on year fall in advertising revenue in the second quarter of 2009. However, Newsquest said that June was its strongest month since the start of the advertising slump. Classified advertising fell 45.2% year-on-year fall in the second quarter. Within classifieds, recruitment ad revenue fell 55.6%, property ads… Continue reading Newsquest advertising revenue falls 36.9%

Google has reported an 18% increase in net profits for the three months to the end of June, to $1.48 billion (£901 million). Revenues were up 3% year on year to $5.52 billion (£3.36 billion) with Google saying the increases were due to “responsible efforts to manage expenses”. Chief executive Eric Schmidt said: “Google had… Continue reading Google reports profits increase