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Analysts at American investment bank Goldman Sachs have given a boost to media company shares, saying that some stock sell-offs have been overdone. Goldman put BSkyB on its “conviction buy” list, saying that although the ad market is expected to deteriorate moving into 2009, the satellite broadcaster only has limited exposure to this with just… Continue reading Goldman Sachs Provides Boost To Media Companies

German market research group GfK has announced that it is no longer pursuing a possible offer for TNS.According to a report in the Financial Times, GfK’s discussions with Apax, the private equity group it hoped would jointly bid for TNS, collapsed over price.The announcement comes after Sir Martin Sorrell’s WPP made a £1.08 billion hostile… Continue reading GfK No Longer Pursuing Offer For TNS

German market research group GfK has announced that it is no longer pursuing a possible offer for TNS. According to a report in the Financial Times, GfK’s discussions with Apax, the private equity group it hoped would jointly bid for TNS, collapsed over price. The announcement comes after Sir Martin Sorrell’s WPP made a £1.08… Continue reading GfK No Longer Pursuing Offer For TNS

Johnston Press has reported a year on year fall of 9.5% in advertising revenues for the first half of 2008. The regional newspaper group’s total revenue was down 6.3% to £293.1 million for the six months to the end of June, while operating profit fell 15.6% to £81.6 million. Pre-tax profit was down 18.1% to… Continue reading Johnston Press Reports Fall In Ad Revenues

RTL Group, owner of Five and The X Factor producer Fremantle, has reported a 2.5% drop in operating profits for the first half of the year. The pan-European producer and broadcaster reported a 2.5% year-on-year drop in earnings before interest, tax and amortisation, to €502 million (£398 million). Revenue for the six months to the… Continue reading RTL Reports Fall In Operating Profits

UTV, owner of the ITV Northern Ireland franchise, reported a year on year rise in pre-tax profit of 12%, to £10.4 million in the first half of 2008. The Belfast-based group also reported a revenue rise of 8% in the first half of 2008, with a 4% decline in TV ad income offset by solid… Continue reading UTV Sees Rise In Pre-Tax Profits

WPP has reported an increase in pre-tax profits of 15% for the first half of the year, to £339 million. The world’s second largest advertising group also announced a 4% increase in like-for-like revenue, to £3.3 billion. Revenues in the six months to the end of June were up 2.1% in North America, 2.5% in… Continue reading WPP Reports 15% Increase In Pre-Tax Profits

GMTV has appointed Clive Crouch as its permanent chief operating officer after holding the role on an interim basis for 10 months. Crouch took charge of the ITV breakfast franchise last October, following the departure of managing director Paul Corley after six years at the helm. Corley resigned in July 2007 after GMTV phone-in competitions… Continue reading Clive Crouch Appointed Permanent GMTV COO

GfK could wait until September to make a bid for fellow market research group TNS, ignoring Sir Martin Sorrell’s “put up or shut up” call, according to reports in the German press. The reports quote GfK chief executive Klaus Wuebbenhorst as saying: “We have until September to present a friendly offer. We will use this… Continue reading GfK Could Wait Until September To Make TNS Offer

Yahoo! has appointed former Nextel Partners boss John Chapple and former Viacom and Universal Studios chief Frank Biondi to its board of directors. Yahoo!’s billionaire investor, Carl Icahn, hoped to oust the board of directors and appoint his own board, which would favour Yahoo!’s sale to Microsoft. However, Icahn was forced to accept an offer… Continue reading Yahoo Board Appoints Icahn Allies