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Interpublic Group’s revenues fell 4.1% year on year in the three months to December. The group’s revenues dropped to $1.9 billion (£1.33 billion) in the fourth quarter. US operations saw a 1.9% decline in revenues while there was a 6.3% decline in international revenues. Michael Roth, Interpublic chairman and chief executive, said: “The latter part… Continue reading Interpublic’s revenues fall 4.1%

Trade magazine publisher Centaur Media has reported an 86% year on year fall in pre-tax profits for the six months to the end of December. Centaur posted an adjusted pre-tax profit of £700,000 in the six months to 31 December. In the same period in 2007 the company made £5 million pre-tax profit. Earnings before… Continue reading Centaur Media’s pre-tax profits fall 86% year on year

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

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

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

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

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

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