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Yahoo! has revealed a 19% dip in quarterly profits, claiming America’s economic position is affecting online advertising. The search engine admitted that the worsening economic condition has resulted in clients lowering expenditure on display advertising, especially in the finance sector. Yahoo!, which has been in takeover talks for most of the year, also said that… Continue reading Yahoo!’s Profits Fall By 19%

Daily Mail & General Trust has reported year on year revenue growth of 5% for the third quarter to June 30. Advertising revenues at Associated Newspapers and its Associated Northcliffe Digital section fell by 3% year on year. Advertising revenues from Associated’s newspaper business were down by 5%, with display falling 5% and classified down… Continue reading DMGT Reports 5% Revenue Growth

Dissident investor Carl Icahn has joined Yahoo!’s board alongside two of his alternative slate of directors. The move comes after Icahn agreed to drop his proxy battle to oust the online company’s existing board. Icahn had proposed an alternative slate of directors for the Yahoo! board in an attempt to forge ahead with a potential… Continue reading Icahn Joins Yahoo! Board

CBS Outdoor has won a five-year contract to sell advertising on Newport Buses in Wales worth £1.3 million. It is the second consecutive deal between CBS Outdoor and the Welsh bus operator. Effective from 1 January 2009, CBS will be responsible for all interior and exterior ad opportunities, with the opportunity to target several thousand… Continue reading CBS Outdoor Wins Welsh Bus Contract

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