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BT’s share price went up by more than 10% today after the company released better than expected results for Q1 2009.However, the company’s results also show the affect the ongoing recession has had on its pension fund, which is the largest private sector scheme in the UK.By the end of June, the £30.4 billion pension… Continue reading BT’s results boost shares

Magazine publisher Future has reported a 9% year on year fall in revenue for the nine months to the end of June. Advertising revenue was down 14%, the company said in an interim management statement today, while circulation revenue fell 8%. Total revenue fell 2% year on year in the nine months to the end… Continue reading Future reports 9% fall in revenue

Microsoft and Yahoo! have agreed a search and advertising deal that will be announced later today, according to reports.It is understood that the deal, which comes after Microsoft’s unsuccessful bid to buy Yahoo! last year (see Microsoft dismisses potential deal with Yahoo!), focuses on revenue sharing.US technology blog AllThingsD reported that for the first two… Continue reading Microsoft and Yahoo! could agree revenue sharing deal

A new 10 year partnership will see Microsoft’s Bing search engine power Yahoo! search while Yahoo! will provide the worldwide sales force for both companies’ premium search advertising.Under the terms of the deal, Microsoft will acquire an exclusive 10 year license to Yahoo!’s core search technologies, and have the ability to integrate Yahoo! search technologies… Continue reading Microsoft and Yahoo! confirm 10-year ad deal

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