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Taylor Nelson Sofres (TNS) has released a statement recommending that shareholders accept WPP’s £1.1 billion takeover offer.In a controversial twist, TNS said its board “continues to believe that the WPP offer undervalues TNS,” but warns that “TNS shareholders who do not accept the WPP offer could as a result own a minority interest in an… Continue reading TNS Tells Shareholders To Accept WPP Offer

WPP Group has released a statement announcing plans to extend the original Friday deadline for its £1.1 billion offer of TNS until 3pm this Wednesday, October 8. WPP Group, led my Sir Martin Sorrell, announced that valid acceptances of the offer had now climbed to 60.86% of TNS shareholders last Friday, when the previous deadline… Continue reading WPP Extends TNS Offer Deadline

WPP Group has extended the deadline for its £1.1 billion offer of TNS until 3pm this Wednesday, October 8.WPP Group, led my Sir Martin Sorrell, announced that valid acceptances of the offer had now climbed to 60.86% of TNS shareholders on Friday, when the previous deadline expired.Last week WPP warned the market research company that… Continue reading WPP Extends TNS Offer Deadline

Sly Bailey, the chief executive of Trinity Mirror, is warning digital businesses to beware of the inevitable bubble-burst. Stating that digital growth of recent years is now slowing, she has suggested there were “tough times ahead”. Delivering the opening keynote speech at the annual Association of Online Publishers, Bailey voiced her concerns about the BBC’s… Continue reading Sly Bailey Warns Of Digital Bubble Burst

Pre-tax profits at Telegraph Media Group rose by 4.9% year on year to £34.3 million, according to full year 2007 figure filed at Companies House. Overall turnover for the publishing group also rose 4%, or £13.8 million last year to £354.9 million. Operating profits after exceptional costs were £11.8 million, which is an increase of… Continue reading Telegraph Pre-Tax Profits Rise by 4.9%

Virgin Media Television has announced two new senior appointments to strengthen its commercial team, including Ivan Ali-Khan to the newly-created position of head of digital.David Cuff has also joined the company as commercial director, having previously worked at Flextech Television and Initiative Media as well as running his own consultancy business, Cuff Media.Cuff will be… Continue reading Virgin Media TV Appoints First Head Of Digital

Virgin Media Television has appointed David Cuff, former Flextech Television executive, as its new commercial director. Cuff will be responsible for commercial strategy across all of VMtv’s businesses, reporting to managing director Jonathan Webb. Cuff has previously held positions with Flextech Television and Initiative Media, and runs his own consultancy business, Cuff Media. In addition,… Continue reading Virgin Media Appoints New Commercial Director

WPP Group has released a statement warning TNS shareholders that it is not going to up its £1.1 billion bid for the market research company.The deadline for shareholders to accept the offer ends at 3pm tomorrow – according to reports published last Friday, 43% have already accepted the deal.TNS, which has consistently encouraged its shareholders… Continue reading WPP Warns TNS: The Offer Is Final

Phorm has made a pre-tax loss of £13.7 million for the first half of 2008, an increase of 52% from its £9.1 million loss in the same period in 2007. However, despite the loss, the internet advertising group still has a positive cash balance due to fundraising of around £24.9 million. Phorm rolled out its… Continue reading Phorm Makes £13.7 Million Loss

WPP Group made an announcement this morning to warn TNS shareholders that its £1.1 billion offer for the market research company is its final offer. The deadline for shareholders to accept the offer ends at 3pm tomorrow – according to reports published last Friday, 43% have already accepted the deal. TNS, which has consistently encouraged… Continue reading WPP Warns TNS That Its Offer Is Final