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On a like-for-like basis, WPP’s global revenues fell 6.7% in the first four months of the year, the company revealed at its AGM in Dublin yesterday.In a trading update delivered by chairman Philip Lader, WPP said that although “economic pressure” is spreading to the UK, the group’s advertising and media investment management businesses had been… Continue reading WPP reveals fall in global revenues

WPP’s global revenues on a like-for-like basis were down 6.7% in the first four months of the year. In a trading update delivered by chairman Philip Lader at the company’s AGM yesterday, WPP said that although “economic pressure” is spreading to the UK, the group’s advertising and media investment management businesses had been “least affected… Continue reading WPP reports fall in revenue

The Chartered Institute of Marketing’s latest Marketing Trends Survey reveals that many marketers believe the worst of the recession is over, although the rest of 2009 will remain extremely challenging. The survey, conducted by Ipsos MORI, reveals that the number of marketers who believe the UK economy will worsen in the next 12 months has… Continue reading Many marketers believe worst of recession is over

It is understood that some ITV shareholders are concerned about the potential costs to hiring former Sky chief executive Tony Ball as its next chief executive. Ball reportedly favours a rights issue and financial restructuring of ITV and is thought to have won support from a small number of ITV shareholders. However, there are concerns… Continue reading ITV shareholders concerned about potential costs of hiring Ball

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%