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Metro International has announced that its operating profit fell from €3.6 million (£2.9 million) to €0.6 million (£0.49 million) in the second quarter. The company, which publishes freesheets across the world (although not the British Metro titles which are published by Associated Newspapers), also reported an overall net loss of was €1.9 million (£1.5m) Sales… Continue reading Metro International Reports Fall In Operating Profit

Newsquest, the local newspaper publisher owned by US firm Gannett Corporation, has reported a 19% year on year fall in classified advertising revenue for June. Gannett said that the drop in revenue was caused by a 36.8% decline in property ads, a fall of 17.3% in employment ads and 14.9% in automotive ads across its… Continue reading Newsquest Sees 19% Fall In Classified Ad Revenue

Centaur Media plc has seen profits grow over the past year, due to double digit growth in online revenues. In its pre-close trading update for the year ended 30 June 2008, it stated that results were anticipated to be in line with market expectations. Online revenue increased by 24% in the year and were coupled… Continue reading Double Digital Online Growth Boosts Centaur

GfK are reported to be in talks with private equity firm Cinven to make a joint bid for TNS. The battle for UK research group is developing following last weeks competing bid from WPP at £1.08 billion forcing GfK and TNS to cancel their planned nil-premium merger last week (see TNS And GfK In Merger… Continue reading GfK Aiming For Joint Bid for TNS

After a bad day in the stock market today, Trinity Mirror shares plunged down 18% in one day, taking the shares down to just 55.5p. According to reports on Brand Republic, the publishing company has lost 90% from its share price during the last year. Shares in July last year were up to ten times… Continue reading Trinity Shares in New Low

ITV’s shares rose this morning by 8% to 41.4p following reports in the weekend papers linking Endemol to ITV. John de Mol, co-founder of Dutch production company Endemol, responded to weekend reports that Endemol might be interested in ITV by saying that a combination with ITV could make sense, but all would depend on the… Continue reading ITV Shares Rise On Back Of Speculation

CBS Outdoor has made two appointments to its dedicated digital division, Alive. Matt Harris has been brought in to head up the digital delivery team and will be responsible for scheduling content to all sites. Harris has previously worked at ITV, Sky and Channel 4. He will report directly to Nicky Cheshire, sales director of… Continue reading CBS Outdoor Makes Two Appointments To Digital Division

Bauer’s music magazine Q has kicked off its recruitment drive by promoting editor Paul Rees to the role of editor-in-chief.Rees, who has been editor for five years, will now be responsible for overseeing the multiplatform growth of the Q brand, “delivering world-class editorial” across Q magazine, radio, internet and events operations.Q has also appointed Ian… Continue reading Q Magazine Promotes Rees

German market research firm GfK has announced that there is no certainty it will be making an offer for TNS. The clarification follows yesterday’s £1.082 billion bid for TNS from Sir Martin Sorrell’s WPP Group. TNS rejected the takeover bid, saying it “substantially undervalues TNS, even on a standalone basis” (see TNS Rejects WPP Takeover… Continue reading No Certainty Of GfK Offer For TNS

The board of TNS has unanimously rejected WPP’s earlier unsolicited takeover bid, valuing TNS at 260p a share, saying it “substantially undervalues TNS, even on a standalone basis.”TNS has since agreed with GfK to terminate a proposed merger between the two companies and has permitted the German firm to advance talks with its third party… Continue reading TNS Rejects WPP Bid