More Media Business articles

Informa, publisher of Lloyd’s List, is holding preliminary talks with United Business Media (UBM) over a merger that could create a business-to-business giant valued at around £3 billion. Following press speculation, Informa confirmed in a statement it was discussing an “all-share merger”. Informa, owner of market research firm Datamonitor, has been seen as vulnerable to… Continue reading Informa Holds Merger Talks With UBM

Express Newspapers has reported pre-tax profits of £55 million for 2007, according to accounts filed at Companies House. The owner of the Daily Express and Daily Star national newspapers has reported a pre-tax profit of £54.85 million, on turnover of more than £280 million, in the year ending 31 December, 2007. Turnover in 2006 was… Continue reading Express Newspapers Reports Pre-Tax Profits Of £55m

TNS has agreed a ‘merger of equals’ with German market research firm GfK, after it rejected bids from Sir Martin Sorrell’s WPP.The new company, to be called GfK-TNS, will have operations in 111 countries and will be the second largest market research firm in the world after the Nielsen Company.Following the merger, the GfK-TNS board… Continue reading TNS And GfK Agree Merger

Creative agency brothers and sisters has hired Kevin Brown as digital director, completing the move to a fully integrated agency.Brown was previously digital development director at IPC (see IPC Appoints Digital Development Director) and head of interactive at Virgin Media TV.Working with the creative directors at brothers and sisters, Brown will focus on enhancing the… Continue reading Brothers and Sisters Appoint Ex-IPC Digital Chief

Specialist magazine publisher Future has reported a like-for-like 17% year on year rise in profit for the six months to March 31. Revenue for the half year was £78.3m, compared with £79.2m on a like-for-like basis a year ago. Advertising revenue was up 4% in constant currency, while online advertising was up 31% and now… Continue reading Future Reports Rise In Profit

Daily Mail and General Trust has reported a rise in pre-tax profits to £144 million in the six-months to March 30, with revenue rising 5% to £1.17 million. Associated Newspapers, DMGT’s national newspaper division, produced saw operating profits dip 1% in a tough market while advertising revenue was up by 4%. Advertising revenues were up… Continue reading DMGT Profits Rise

TNS has rejected a second bid from WPP, which valued the group at just under £1 billion. The TNS board said that it unanimously rejected the improved offer as it substantially undervalued the company. WPP approached TNS with a revised cash and stock bid worth 241.5p per share. At around £996 million, the offer marked… Continue reading TNS Rejects Second Offer From WPP

ITV’s first quarter revenues rose 3% to £492 million, whilst advertising revenues grew 2%. The broadcaster also forecast that it will outperform the UK television advertising market in the first half of 2008, for the first time since 2000. It added that online growth is continuing, with video views up 76% since the start of… Continue reading ITV Reports 3% Revenue Growth

BT has reported fourth quarter revenues of £5.4 billion, up 2% due to an increase in revenues from new wave services. New wave revenues from broadband and corporate IT contracts were up 9% at £2.3 billion and now make up over 40% of all group revenues. BT saw revenue from its traditional business fall by… Continue reading BT Q4 Revenues Increase

Virgin Media has reported that its operating income before depreciation, amortisation and other charges was £324 million, on revenue of just over £1 billion. Cable Arpu was £41.91, down from £42.75 for the same period last year. The company also revealed that it had 4,900 new customers in the first quarter of the year, adding… Continue reading Virgin Media Announces Q1 Results