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STV Group’s TV ad revenue rose 11% year on year in 2008, giving it 22% of the Scottish ad market. The group, formerly known as SMG, also saw broadcast sponsorship revenue increase by 50% year on year. Its cinema advertising business, Pearl & Dean, which has been up for sale since September 2006, will be… Continue reading STV ad revenue up 11% in 2008

Trinity Mirror reported a 22% fall in operating profit in 2008, down to £145.2 million from £186.4 million the previous year. The group cut its dividend, warning that advertising has fallen around 30% in the first two months of 2009. Revenues from retained businesses were down 6.5% to £871.7 million, down from £932.3 million. January… Continue reading Trinity Mirror reports fall in operating profit

Virgin Media has announced a Q4 2008 increase in revenues for its content business, up to £118.8 million from £114.1 million the previous year. Overall revenues in Q4 were £617.5 million, up from £610.3 million in the third quarter but down on £621.9 million last year. The company’s ‘on-net’ customer base at the end of… Continue reading Q4 increase in content division revenues for Virgin Media

Duncan George, head of agency sales at Platform-A, has left the company.George joined in late 2007 as AOL’s head of agency sales, and took on the expanded role when AOL restructured its commercial operations around its ad-targeting business Platform-A in the middle of last year.Prior to joining AOL, George was commercial director of GCap Media,… Continue reading Duncan George Leaves Platform-A

WPP has integrated its two research organisations BMRB Media and TNS Media in a bid to offer the “best value and service” to clients.The integration comes just months after the global advertising business confirmed its long-awaited takeover of the market research company TNS (see WPP Takeover Of TNS Expected To Be Confirmed Today) and is… Continue reading WPP’s BMRB and TNS become one

Swedish freesheet company Metro International has received a bid approach from an unnamed source. The Stockholm-listed company’s shares rose more than 60% following news of the bid, taking the value of the company to about 380 million kr (£30 million). Metro, the third largest newspaper company in the world, is holding a shareholder meeting today… Continue reading Metro International receives bid offer

Trinity Mirror is set to cut 70 journalists, almost a third of its editorial staff, from its Glasgow-based Scottish newspapers, including the Daily Record and Sunday Mail.As part of a radical shakeup at the publisher, editorial operations for Trinity Mirror’s Glasgow papers will be integrated, with the Daily Record editor appointed to the newly created… Continue reading Trinity Mirror set to make 70 redundancies

ITV could sell SDN, its digital television business, as it looks to raise extra funds. According to a report on MediaGuardian.co.uk, the sale could come as ITV executive chairman Michael Grade finalises plans to raise cash as the company faces falling advertising revenues and pressure from servicing its debt and pension fund. MediaGuardian.co.uk says that… Continue reading ITV could sell Freeview business

Centaur, owner of Marketing Week, has issued a profit warning after revealing that recruitment advertising in January will be down 66% year on year. The company, which report its half-year results next Thursday, issued a trading statement today saying trading in February has shown “few signs of improvement”. “We have not experienced any material change… Continue reading Centaur issues profit warning

Reed Elsevier still plans to sell is business-to-business arm, Reed Business Information, despite pulling the division off the market. In its full year 2008 results published today, Reed also revealed that its profits were down almost 40%. The company halted the proposed sale of RBI in December, saying that the worsening state of the economy… Continue reading Reed Elsevier still planning to sell trade magazine division