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Outdoor firm Avanti Screenmedia saw ad revenue from national brands increase 15% year on year in 2008. For the final six months of 2008, Avanti’s revenue totalled £2.39 million, down 9.5% from 2007. However, it said a 42.8% reduction in operating costs saw a reduction in its pre-tax losses to £1.63 million, from a loss… Continue reading Avanti Screenmedia reports 15% increase in ad revenue

The BBC Trust has reaffirmed its view that a partnership approach from the BBC is the best way to deliver a wide range of public service broadcasting.In a response to the government’s Digital Britain report (see Broadband for all by 2012Broadband for all by 2012Broadband for all by 2012 ITV and BBC could share regional… Continue reading BBC Trust emphasises support for BBC partnerships

BSkyB has been cleared to make another appeal against the Competition Commission’s ruling that it reduce its 17.9% stake in ITV to below 7.5%.The satellite broadcaster was originally told to cut its stake in ITV in January 2008 when business secretary John Hutton accepted the commission’s recommendation (see Sky Told To Reduce ITV Stake To… Continue reading BSkyB cleared to appeal against ITV stake sell-off

Aegis’ market research business Synovate enjoyed a 20.9% increase in operating profits to £42.2 million in 2008. Synovate put the growth down to a mix of organic growth, acquisition effects and benefits from its SmartWork efficiency programme. Overall revenues were up 19.7% to £518.2 million, with EMEA revenues up 20.3% to £248.4 million. Americas revenues… Continue reading Operating profits up 21% at Synovate

Special interest media group Future has announced that its pre-tax profit will be down by about £1 million following disruption to distribution of its newsstand magazines in the US. It said: “In February and March, Future’s US business experienced an unexpected disruption to distribution of up to 40% of its newsstand magazines, following a dispute… Continue reading Future Publishing expects fall in pre-tax profits

Daily Mail & General Trust has reported that advertising revenues fell 24% at its national newspaper division, and 37% at its regional business Northcliffe Media in the first quarter. The company said that it expects a net total of about 1,000 job cuts at Northcliffe this year, double the level it announced in November. Classified… Continue reading DMGT reports fall in ad revenues

The BBC Trust has agreed a £30.7 million increase in the BBC’s online budget over the next three years, a 27% rise over its current £145 million a year.The increase, almost 42% under the £52.7 million originally requested by the BBC, is subject to conditions set by trust chairman Sir Michael Lyons to ensure that… Continue reading BBC Trust approves £30.7m increase in corporation’s online budget

Aegis has reported a 25.7% increase in underlying pre-tax profits in 2008, with revenue up 21.3%, and operating profit up 26.8%. However, the media buying and research group announced that it is to cut 5% of its global workforce, around 780 employees, as it seeks to cut costs in the economic downturn. The firm said… Continue reading Aegis’ pre-tax profits up 25.7% in 2008

Aegis is to cut 5% of its global workforce, around 780 employees, as it seeks to cut costs in the economic downturn.The firm revealed the cuts today as it announced its financial results for 2008. It said that the job losses would help it save £20 million in 2009.Aegis reported a pre-tax profit of £166.8… Continue reading Aegis to cut 5% of global workforce

Crain Communications, parent company of Advertising Age, has announced job cuts at its 30+ media properties, as well as a 10% salary cut.Crain announced on March 5 that it was closing Automotive News Europe, Business Insurance Europe, RCR Wireless News and Financialweek.com.Keith Crain, chairman of Crain Communications, said: “We hope the economy stabilizes soon. Our… Continue reading Ad Age parent company to cut jobs and salaries