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Reed Elsevier has scrapped the sale of its Reed Business Information unit, which includes the magazines New Scientist and Farmers Weekly. The publisher said it had ended talks with potential bidders because the worsening state of the economy and poor credit market conditions meant that it could no longer make a disposal “on acceptable terms”.… Continue reading Reed Elsevier scraps sale of trade magazine division

WPP’s chief executive Sir Martin Sorrell warns of possible job cuts in the group’s key markets, including the UK.Speaking at the UBS Global Media and Communications Conference, Sorrell predicted a bleak forecast for 2009, confirming once again that jobs in Western markets will be axed as group revenue shifts towards emerging markets.Sorrell said: “In the… Continue reading Sorrell predicts WPP job losses in 2009

The IPA is set to appoint the vice-chairman of Ogilvy Group UK, Rory Sutherland, as its next president.Sutherland’s nomination is expected to take place at the IPA council meeting on Thursday, before he officially starts in the role following the trade body’s annual meeting next April.His forthcoming appointment will put an end the IPA committee’s… Continue reading Sutherland set to become IPA’s new president

Cinema sales house Digital Cinema Media (DCM) has appointed Martin Bowley to the role of managing director. Bowley takes up his position on 1 February 2009, and joins DCM from mobile entertainment company PlayPhone where he was chief executive. DCM is the renamed Carlton Screen Advertising, the sales house that Bowley was responsible for creating… Continue reading DCM appoints new managing director

Jon Miller, former CEO of AOL, is in the process of raising funds to try to buy Yahoo, according to a report in the Wall Street Journal. The reports that Miller believes he can do a deal that would be worth around $20 to $22 a share to Yahoo shareholders, which means raising about $28… Continue reading Former AOL CEO could try to acquire Yahoo!

UKTV has appointed Keith Porritt to the role of executive director of commercial, replacing Laurence Dawkin-Jones.Porritt, who will report directly to UKTV’s chief executive David Abraham, will have overall responsibility for UKTV’s pay TV relationships, as well as programme supply relationships with the BBC and independent producers.Commercial activities, business development, as well as legal and… Continue reading UKTV appoints Porritt as commercial head

The former AOL chief executive Jonathan Miller is thought to be in talks with investors about buying part or all of Yahoo!.Miller has been in contact with private equity firms and Middle Eastern wealth funds to raise as much as $30 billion for the search giant, according to reports in the Wall Street Journal.The report… Continue reading Former AOL chief set to bid $30bn for Yahoo!

RTL Group has announced the appointment of Andreas Rudas as executive vice president regional operations & business development central and eastern Europe at RTL Group’s headquarters. Rudas will be member of the RTL Group Executive Committee. Gerhard Zeiler, RTL Group CEO, said: “Due to his extensive experience in Eastern European markets, Andreas Rudas is excellently… Continue reading RTL Group appoints new member to executive management team

Future Publishing has reported a 9% rise in adjusted operating profit and a 3% boost in advertising in its preliminary results for the year. The publishing group said that advertising bookings in the three months to December were at 95% of their level in the same period last year. Future said it was “pleased” with… Continue reading Future Publishing reports profits increase

The Chartered Institute of Marketing’s latest Marketing Trends Survey reveals that 73% of marketers believe the UK will be in recession in 2009, and 70% believe conditions for the UK economy will worsen in the year ahead. However, the survey, completed for The Institute by Ipsos MORI, also reveals that 11% of marketers remain optimistic… Continue reading CIM Publishes Latest Marketing Trends Survey