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Channel 4’s core channel made an operating loss last year for the first time since 1992, with Channel 4 chairman Luke Johnson warning that the broadcaster has reached a “tipping point” in its funding shortfall.The core channel recorded an operating loss of £7.8 million, with the group’s pre-tax profit falling from £21.3 million to £1.6… Continue reading Channel 4 Suffers First Operating Loss Since 1992

Yahoo! has announced first quarter profits of $542 million (£272 million), up from $142 million in the previous year. This rise was due mainly to gains in its investment in the parent company of Chinese online company AliBaba.com. Revenues increased by 9% year on year to $1.82 billion, which was better than had been predicted… Continue reading Yahoo! Profits Increase

Havas has reported revenues of €345 million (£277 million) for the first quarter, a rise of 2.5%. Asia Pacific was the fastest growing region, with a 22.8% increase, while Latin America had the slowest growth, with an increase of 4.5%. Europe reported growth of 7.9% for the first quarter, while North America saw 6% growth.… Continue reading Havas Revenues Reach €345m

BSkyB has reportedly received expressions of interest in its 17.9% stake in ITV from broadcaster RTL and US billionaire Haim Saban.US billionaire Saban has a track record of close ties with Rupert Murdoch, having folded his television production company Saban entertainment into Murdoch’s Fox Family Worldwide.Saban now operates the media investment company Saban Capital Group,… Continue reading Sky Receives Interest In ITV Stake

BSkyB has reportedly received expressions of interest in its 17.9% stake in ITV from broadcaster RTL and US billionaire Haim Saban. BSkyB recently confirmed the launch of a legal challenge against the competition regulator’s ruling ordering it to sell the majority of its ITV stake. If Sky loses the appeal and is forced to sell… Continue reading Sky Receives Expressions Of Interest In ITV Stake

Confounding analyst predictions, Google has reported 31% growth in quarterly profits and 20% growth in users clicking through to paid for ads. The company reported profit after tax of $1.3 billion (£655 million) for the first quarter of 2008, with aggregate paid clicks rising by approximately 20% year on year, and 4% period on period.… Continue reading Google Reports 31% Profit Growth

Google has revealed that it saw 20% growth in users clicking through to paid for ads in the first three months of 2008.The search engine giant also reported profit after tax of $1.3 billion (£655 million) for the first quarter of 2008.In March, figures from research firm comScore appeared to show that the growth in… Continue reading Google Reports First Quarter Growth

News Group Newspapers, publisher of the Sun and News of the World, saw turnover fall by £20 million last year. According to accounts filed at Companies House, News Group’s turnover for the year was £623.3 million, down 3% from £643.3 million in the previous year. “The principal cause of the reduced turnover was a reduction… Continue reading News Group Newspapers Reports Fall In Turnover

Shares in ITV fell briefly below 60p for the first time earlier today, following the stock’s fall to a closing low last night. This morning, the share price fell as low as 59.7p, down 1.6% on last night’s close of 60.7p, before increasing to 60.1p just after 11.30am. Over the past six months, the FTSE… Continue reading ITV Shares Drop Below 60p

Ashley Highfield, the BBC’s head of online, is leaving the corporation to become chief executive at the planned on-demand service from BBC Worldwide, Channel 4 and ITV, codenamed Kangaroo. Highfield, director of future media and technology and a member of the BBC executive board, is to take over at Kangaroo from interim chief executive Leslie… Continue reading Highfield To Join Kangaroo