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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

Bauer Media and Guardian Media Group are understood to be in talks with GCap and Global Radio over the acquisition of Midlands stations BRMB and Heart 106. Last week, the Office of Fair Trading announced that Global Radio will have to divest five radio stations in the Midlands, plus related Gold stations, to gain approval… Continue reading Bauer And GMG Could Buy Midlands Stations

Simon Dodd, CEO of RLA Group, has been appointed as IPA vice-chairman of the regions.Dodd will assist Mike Leeson, managing director of Golley Slater, in his chairmanship of the group, which promotes the value of work undertaken by regional agencies and provides a forum for the IPA’s 90-plus regional members through a programme of annual… Continue reading Dodd Elected As IPA Regional Vice-Chairman

Digital media firm MIVA has rejected the $1.20 a share takeover offer from video search engine Blinkx. MIVA said that it believed that Blinkx’s takeover offer undervalued the company. Larry Weber, MIVA’s chairman, said: “After careful evaluation, the MIVA board believes that Blinkx’s proposal significantly undervalues MIVA’s assets, including our technology, brand recognition and network.… Continue reading MIVA Turns Down Blinkx Takeover Offer

Blinkx, the online video search engine, has made a $1.20 per share bid for digital media firm MIVA. MIVA (formerly known as FindWhat), operates in North America and Europe and has two core divisions running consumer destination sites and interest-specific toolbars and a third-party contextual Pay-Per-Click ad network. Blinkx has been working with MIVA as… Continue reading Blinkx To Buy Digital Media Firm MIVA

Virgin Media has outperformed analyst expectations, reporting an underlying operating profit of £333 million for the second quarter of 2008. The company reported revenues of £990.5 million, with average revenue per subscriber slightly down to £41.63. It saw an operating loss of £333 million in the second quarter, compared with a £3 million profit in… Continue reading Virgin Media Reports £333m Underlying Profit

ITV has announced a 28% year on year fall in pre-tax profits for the first six months of the year, to £91 million. The commercial broadcaster also reported a 3% increase in revenues to £1.03 billion. The company said that net advertising revenues dipped an estimated 1% in the first eight months but are likely… Continue reading ITV Reports Drop In Pre-Tax Profits