More Media Business articles

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%

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

Google has written a letter to the Office of Fair Trading asking it to relax rules governing UK newspaper mergers.Google said that it would be supportive of publishers wanting to merge with local and regional newspapers to create competition for the search engine and online content aggregators.The OFT is currently reviewing the existing merger rules… Continue reading Google asks OFT to relax newspaper merger rules

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

Channel 4 could cut its News at Noon and More4 News programmes in an attempt to cut budgets by 10%.Although the broadcaster said that no decisions have yet been taken, it is understood that several programmes are under threat, with executives ordering a review of its news operations.Earlier this month, Channel 4 chief executive Andy… Continue reading Channel 4 could cut news programming

Pan-European newspaper group Mecom has reported a 14% fall in group revenue for the first four months of 2009. Run by former Mirror Group boss David Montgomery, the company also revealed a 22% drop in ad revenue for the period. In a statement it said: “There are now indications that rates of decline have generally… Continue reading Mecom reveals 14% fall in revenue

Havas saw total revenue drop 6% year on year to €325 million in the first quarter of 2009, with organic growth declining by 8.4%. Its UK division showed “good resistance” however, with organic growth down just 1.6% year on year. Net new business was €507 million in Q1 2009, down from €510 million in the… Continue reading Havas sees total revenue fall 6% year on year

Independent News & Media has agreed a financial standstill deal with its principal banks and bondholders, giving it until late June to negotiate the refinancing of its €200 million (£178 million) bond. The standstill period starts today and runs until 26 June. INM said that to aid the negotiations a committee of bondholders has appointed… Continue reading INM agrees financial standstill agreement

Aegis has reported an 11.6% fall in organic revenue growth for the first quarter of 2009. However, the UK media-buying and research group has predicted a “resilient” performance for 2009 overall. The company said that reported group revenues, which include effects such as a significant exchange-rate benefit, grew by 6.5%, while its Aegis Media division… Continue reading Aegis reports 11.6% Q1 fall in organic revenue