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Metro International, the world’s largest free newspaper publisher, has announced an operating loss of €1.9 million (£1.7 million) in the fourth quarter of 2008, compared to an operating profit of €3.4 million (£3 million) in the same period in 2007. For the full year, total net sales were down year on year by 11% to… Continue reading Metro International reports fourth quarter operating loss

AOL’s global ad revenue fell by around $135 million (6%) over the course of last year, and finished 18% down year on year in Q4 2008.AOL’s revenue slumped by more than one fifth year on year in Q4, to $968 million, with declines of 27% in subscription revenue and 18% in advertising revenue, according to… Continue reading AOL reports $135m fall in ad revenue

AOL’s global ad revenue was down 6% last year, and fell 18% year on year in the fourth quarter. Parent company Time Warner’s 2008 financial results show that AOL’s Q4 revenue fell to $968 million in Q4, with falls of 27% in subscription revenue and 18% in advertising revenue. AOL revenue declined by 20% to… Continue reading AOL ad revenue down 6% in 2008

WPP’s Kantar Group has acquired Red Dot Square Solutions, a provider of interactive virtual reality retail environments. Red Dot Square’s key clients include Safeway, Walgreens, Tesco and Wal-Mart among its key clients, while it has also worked in collaboration with leading global marketers including General Mills, Kimberly-Clark, Kraft, MillerCoors, Sara Lee and Unilever. Eric Salama,… Continue reading Kantar Group acquires Red Dot Square Solutions

AOL has appointed former Yahoo! executive Greg Coleman as president of its ad business Platform-A.Coleman, who will report directly to AOL president and chief operating officer Ron Grant, is set to replace Lynda Clazirio.He will be responsible for driving branded display sales across the group, which includes AOL.com, AIM, MapQuest and Advertising.com’s third party networks.Coleman… Continue reading AOL appoints Coleman as new Platform-A president

UBC is to sell its traffic and travel news business to US radio company Global traffic Networks for £9 million in cash. The deal was meant to be finalised last year but was not completed due to what UBC called the unfavourable economic conditions at the time. The deal is now on again, however, with… Continue reading UBC to sell commercial division

JCDecaux saw UK revenues fall 4.7% during 2008, although the company said that it “outperformed” its domestic advertising market. Excluding acquisitions and the impact of foreign exchange rates, the UK street furniture business enjoyed a “high single-digit” decrease in organic revenue in Q4. UK billboard business revenues were flat in the last quarter of 2008.… Continue reading JCDecaux revenues fall 4.7% in 2008

Internet giant Yahoo! has reported a $303 million (£212 million) net loss in the fourth quarter, although its revenue was up for the period. The company’s net income for the whole of 2008 was down 36% on 2007 to $424 million. Yahoo! said that the loss was due to restructuring charges related to layoffs and… Continue reading Yahoo! reports $303m net loss in Q4

BSkyB’s first half adjusted operating profit was up 26% to £388 million, according to a financial statement released today. Reporting a strong first half performance, the satellite broadcaster also revealed an increased rate of customer growth. There was an increase in average revenue per user, up 5% year on year to reach a new high… Continue reading BSkyB announces 26% increase in operating profit

The onset of the Christmas shopping season brought increased traffic to UK online retail sites, with the jewellery/luxury goods/accessories category experiencing the strongest growth, according to new figures from comScore. Other categories that performed well were the mall, music, and flowers/gifts/greetings categories. High street retailers were particularly influenced by the seasonal uptick, said comScore, with… Continue reading Christmas sees increased traffic to UK online retail sites