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Microsoft is understood to be considering a fresh bid for Yahoo! after Jerry Yang announced his plans to step down as CEO of the internet search company.Yahoo!’s chairman, Roy Bostock released a statement late on Monday, saying Yahoo! was “deeply grateful” to Yang but would be searching for a new CEO who could “take the… Continue reading Microsoft and Yahoo! deal back on the cards

Carphone Warehouse has begun a review which could see its TalkTalk residential broadband and telephony business split from its high street retail operation. The news was announced in a trading update released today, with the company also revealing a drop in first half profits. Earlier this year the company acquired US electronics retailer Best Buy… Continue reading Carphone Warehouse could split off TalkTalk

BSkyB is to raise $600 million (£399 million) in a bond issue to institutional investors to fund possible activities such as acquisitions and the refinancing of debt. Late yesterday the satellite broadcaster launched a private placement of 10-year bond notes, with investors paying 9.5% interest. The offer closes on November 24. In a statement, Sky… Continue reading BSkyB to raise $600m in bond issue

Jerry Yang, co-founder and CEO of Yahoo!, is to step down from his post once a successor is found. In a statement released last night, Yahoo! chairman Roy Bostock said that Yahoo! was “deeply grateful” to Yang but would be searching for a new CEO who could “take the company to the next level”. He… Continue reading Yang steps down as Yahoo! CEO

UBC Media has reported a 15% decline in revenue to £6.4 million for the six months to September 30. The radio group blamed an “extremely challenging” few months for the fall. UBC, one of the shareholders of 4 Digital, invested £150,000 into the digital radio consortium which was abandoned by Channel 4, its majority shareholder,… Continue reading UBC Media reports 15% decline in revenue

Centaur Media has reported a 16% year on year fall in group revenues for the four months to October 31. Centaur, which owns titles such as Marketing Week and New Media Age, warned of an “uncertain” outlook for the year ahead, adding that the “visibility of future market conditions is poor”. The company said in… Continue reading Centaur Media suffers fall in group revenues

Reed Elsevier is on track to meet its target of £15 million in cost savings in 2008. In a trading update released today, the publisher said that it is well placed to defy the tough economic outlook. Crispin Davis, Reed Elsevier chief executive, said: “The business is on track for a very successful year and… Continue reading Reed Elsevier on track to meet cost savings target

Havas Media is pulling together all of its UK operating businesses into a new Havas Media UK organisation.Launching with immediate effect, Havas Media UK will include MPG (which also comprises London-based MPG International and digital, data and direct specialist Media Contacts); sports communication consultancy Havas Sports; integrated communications agency Arena BLM (which also includes its… Continue reading Havas Media launches in the UK

Havas, the French holding company that owns creative group Euro RSCG and media agency MPG, has reported organic revenue growth of 1.5% for the third quarter of 2008. This was down from 9.5% growth for the same period last year, which Havas blamed on the loss of the Dell account in Asia Pacific and a… Continue reading Havas reports Q3 organic revenue growth of 1.5%

Havas, owner of Euro RSCG and MPG, has reported organic revenue growth of 1.5% for the third quarter of 2008.This was down from 9.5% growth for the same period last year, which Havas blamed on the loss of the Dell account in Asia Pacific and a tough European market.Organic growth over the first nine months… Continue reading Havas reports Q3 organic revenue growth