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Time Warner and AOL are separating, with Time Warner buying back Google’s 5% stake in AOL before offering the internet firm to its shareholders.Time Warner announced last month that it would be spinning off some or all of the internet company.Jeff Bewkes, Time Warner chairman and chief executive, said: “”We believe that a separation will… Continue reading AOL to spinoff from Time Warner

Yahoo!’s chief executive has revealed that the company is still in talks with Microsoft over a potential deal to sell part of the company.Speaking at Dow Jones’ All Things D conference, Carol Bartz said: “The other party has to have a boatload of money and the right technology and give us the right data and… Continue reading Yahoo! continues talks with Microsoft

Daily Mail & General Trust (DMGT) is looking at introducing paid-for content on its websites.This follows reports that other publishers such as News International (see Murdoch set to charge for online content) and Guardian Media Group (see Guardian could charge for online content) are also investigating paid-for models.Martin Morgan, DMGT CEO, told the Financial Times:… Continue reading DMGT looks at charging for online content

Former chief executive of Chrysalis Radio Phil Riley has led venture capital group Lloyds TSB Development Capital to the acquisition of eight Midlands stations from Global Radio.The group, which beat off competition from Bauer Media, bought the stations – believed to be worth £30 million – for an undisclosed sum.The stations, BRMB, Mercia FM, Beacon… Continue reading Ex-Chrysalis chief buys Global’s Midlands stations

Daily Mail & General Trust has reported a 47% fall in adjusted pre-tax profits to £77 million for the six months to 29 March. The owner of the Daily Mail also suffered an 85% drop in operating profit at its regional division and a 59% fall across its national newspaper business. It said that the… Continue reading DMGT pre-tax profits fall 47%

Daily Mail & General Trust, owner of the Daily Mail, has reported a 47% fall in adjusted pre-tax profits to £77 million for the six months to 29 March.The publisher also suffered an 85% drop in operating profit at its regional division and a 59% fall across its national newspaper business.It said that the results… Continue reading DMGT pre-tax profits fall 47%

Orange will not be buying the technology behind Project Kangaroo, the failed VoD venture between ITV, BBC Worldwide and Channel 4.It is understood that the three parties, who invested as much as £20 million in the project, have been attempting to sell off the technology since the service was blocked earlier this year (see Competition… Continue reading Orange ends talks to buy Project Kangaroo technology

Specialist magazine publisher Future has revealed an 11% fall in revenue for the six months to the end of March. Future’s revenue was £76.6 million for the period, a 2% year-on-year fall or 11% when the effects of currency exchange are removed. Overall circulation revenues, accounting for 59% of total revenues, were down 10% year… Continue reading Future reports 11% fall in revenue

Future, the specialist magazine publisher, has reported an 11% fall in revenue for the six months to the end of March.The company’s revenue was £76.6 million for the period, a 2% year-on-year fall or 11% when the effects of currency exchange are removed.Overall circulation revenues, accounting for 59% of total revenues, were down 10% year… Continue reading Future reports fall in revenue

talkSPORT owner UTV Media has completed the acquisition of free weekly magazine Sport.The magazine was suspended in April after French parent company Sport Media & Strategie went into administration (see Sport magazine suspends publication).It is understood that Sport will be back on London’s streets on 12 June, with 19 of its 22 UK staff staying… Continue reading UTV Media buys Sport magazine