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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

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

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

Daniel Heaf, formerly of BBC Worldwide, has been appointed as head of new media, 4Radio and multimedia entertainment at Channel 4, working on a number of interactive projects, including E4 Radio.He will work across all of Channel 4’s national digital radio stations and will have complete responsibility for the strategy development of new media extensions.Heaf… Continue reading Channel 4 Appoints BBC Worldwide’s Daniel Heaf

Microsoft has refused to match the $37 per share price Yahoo!’s founders were asking for, bringing an end to takeover talks. The weekend saw Microsoft increase its original bid of $31 made earlier this year (see Microsoft Bids $44.6bn For Yahoo!) to $33 per share. However, Microsoft executives met with Yahoo! founders Jerry Yang and… Continue reading Microsoft Withdraws Yahoo! Bid

Sky added 56,000 customers in the first quarter of 2008, taking its total number of subscribers to 8.9 million. The satellite broadcaster, releasing results for its third quarter, said that Sky+ households grew by 262,000, to 3.4 million, while broadband customers were up 229,000 to reach 1,428,000. The company added that it added 43,000 high-definition… Continue reading Sky Adds 56,000 Customers In Q1

Publicis Groupe has reported revenue growth of 8.2% for the first quarter of 2008, to €1.06 billion (£830 million). The company said that it expects good growth this year, driven by its digital and media businesses and growth from emerging markets where it has operations. The falling US dollar hit revenues by around €61 million,… Continue reading Publicis Reports Revenue Growth

Taylor Nelson Sofres (TNS) is in talks with Germany’s GfK over a nil-premium merger which would create the world’s second largest market information group by revenue. The merged group would have a combined valuation of over £1.4 billion and would be renamed GfK-TNS. Shareholders of GfK and TNS would each hold 50 percent of the… Continue reading TNS And GfK In Merger Talks

Publisher Trinity Mirror is to close eight loss making newspapers in Derby and Peterborough. The titles are all free weeklies and include the Derby Trader and the Peterborough Herald and Post. According to a report in the Guardian, 23 employees will be made redundant, six of them in editorial positions. Trinity Mirror said it does… Continue reading Trinity Mirror To Close Eight Papers