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WPP, the world’s second largest advertising group, saw revenues grow by 14.1% to $1.6 billion in the first quarter of 2008. First quarter growth reflected the continued steady overall economic environment despite the continuing uncertainty stimulated by the credit and liquidity crisis and the much slowdown in the US, said WPP. However, despite the revenue… Continue reading WPP Revenues Grow 14.1%

Pearson, owner of the Financial Times, has said that it expects continued profit growth at the newspaper group this year. The company said that it had made a good start to the year and is trading in line with expectations. It added that it expects profit growth at its education business and “double digit profit… Continue reading FT Profits Expected To Grow

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

Channel 4’s core channel made an operating loss last year for the first time since 1992. 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 million. The digital channels E4, More4 and Film4 all saw their audiences increase, although rating for the core… Continue reading Channel 4 Suffers First Operating Loss Since 1992

The Aegis board has written to shareholders calling on them to oppose Havas chairman Vincent Bollore’s fifth attempt to get two places on the company’s board. The Aegis board wrote that they unanimously recommend shareholders vote against Group Bollore’s request to appoint Philippe Germond and Roger Hatchuel as directors of Aegis at the annual general… Continue reading Aegis Urges Shareholders To Vote Against Bollore Again

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