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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, 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%

Trinity Mirror has reported a 20.1% decline in its group ad revenues since the end of June in a trading update today, with property ad income falling by almost 50%. The newspaper group’s property ad revenue fell by 46.4% year on year, while recruitment ad income dropped 27% in the 17 week period from the… Continue reading Trinity Mirror reveals 20% ad revenue decline

The global slowturn has hit Clear Channel Outdoor, as the ad company reveals a 0.5% year on year global revenue decline for the third quarter this year. Net income for the company as a whole dropped 83% year on year as a result of higher costs and varying currency exchange rates – with these taken… Continue reading Clear Channel reports Q3 revenue decline

Richard Woolfe is set to leave his role as Sky1 controller to join Channel Five in a newly created senior programming position.Five’s new chief executive, Dawn Airey, persuaded Woolfe to join her team as channel controller, in charge of commissioning, scheduling and strategy.Airey’s other recent hire, Jeff Ford, has been appointed as managing director of… Continue reading Richard Woolfe joins Five

Johnston Press has today reported a 15.5% decline in its total advertising revenues compared with the same period last year. Johnston confirmed its ad revenue loss is due to “substantial declines in property advertising combined with significant falls in employment and display advertising”. Over the past four months, the company has revealed year on year… Continue reading Johnston Press suffers 15.5% advertising decline

WPP has signed a definitive agreement to swap certain assets with The Nielsen Company, which will allow the group to complete its £1.1 billion takeover of TNS. The deal will see WPP give up its 50% stake in Nielsen, which will mean Nielsen will now own 100% of the international television audience measurement business AGBNielsen… Continue reading WPP and Nielsen agree to swap assets

eBay is preparing a review of its £15 million media planning and buying account. The company will start a formal pitch for the business at the start of next year, although it has already informed agencies of its plans to call a review. PHD, which previously held the account, split with eBay in February after… Continue reading eBay prepares review of media planning and buying account

Five’s TV ad revenues declined year on year in the first nine months of 2008, with owner RTL Group saying that the total UK ad market fell 3.3%. RTL Group said that in the first half of 2008, UK TV ad spend was down 1% year on year, with Five’s TV ad revenues down 1.9%.… Continue reading Five’s TV ad revenues down year on year

UTV, owner of talkSPORT, has reported group revenue growth of 6% in the first ten months of the year. Its UTV ITV franchise for Northern Ireland saw a 6% fall in revenue year on year for the period and the company forecast a further 10% fall in November and December. UTV splits its radio operations… Continue reading UTV reports 6% group revenue growth