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Google’s share price suffered a fall last night, closing at its lowest point for nine months. The online giant saw its share price fall to $464.19 (£233.75) by close of trading yesterday. Since a November peak of $747.24, Google’s shares have fallen 38%. The dip followed the publication of data by online analyst comScore which… Continue reading Google’s Share Price Falls

The EU has handed out a record €899 million (£680.9 million) fine to Microsoft for charging unreasonable prices to let rivals access its software. The EU competition commissioner, Neelie kroes, told journalists that the fine could have been as much as €1.5 billion. The fine reflects the 488 days within which Microsoft refused to comply… Continue reading EU Fines Microsoft €899

Trinity Mirror has announced that its pre-tax profits reached £203 million in 2007, following the disposal of titles in the south east and The Racing Post. Its revenues for the year were £1.009 billion, compared with £1.073 billion in 2006. Digital revenues at the company now represent 3.7% of total revenues and 6.7% of advertising… Continue reading Trinity Mirror Profits Up

The Financial Times is to launch a social networking service for media and technology executives.The FT Media and Technology Executive Membership Forum is being launched with the aim of enabling senior executives to “maintain contact with peers and luminaries operating within the digital, new media, mobile and telecoms sectors”.Forum members will receive complimentary passes for… Continue reading FT Launches Networking Website for Senior Executives

Yahoo!’s shareholders have launched a lawsuit against the board as it faces the challenge of a hostile takeover from Microsoft. According to a report on MediaGuardian.co.uk, the suit, filed by two investment funds from Detroit, accuses Yahoo!’s board of adopting a “just say no to Microsoft” attitude, which has led to “improper defensive measures” and… Continue reading Shareholders Launch Lawsuit Against Yahoo!

New research from the Periodical Publishers Association places a value – at a conservative estimate – of around £27 billion on the UK business media industry for 2007. The report says that for 2008, total revenue for UK business media is expected to be in excess of this figure, although only marginally so, given the… Continue reading UK Business Media Industry Worth £27bn

Google has topped a list of the UK’s top 500 business brands, beating Microsoft and BBC Worldwide, according to the latest Superbrands annual report.Google, along with fellow internet giant eBay, is the only brand in the top 50 to have emerged after 1990.The list shows that media brands are having a greater impact than classical… Continue reading Google Named UK’s Top Business Brand

Virgin Media is to appeal against the Competition Commission’s ruling that Sky must reduce its stake in ITV, saying that it does not go far enough.In a statement, it said: “While Virgin Media strongly supports the Competition Commission’s conclusions that the acquisition has led to a substantial lessening of competition, it is appealing the Competition… Continue reading Virgin Media Launches Legal Challenge To Sky-ITV Share Ruling

Reed Elsevier has put its business-to-business publishing arm, Reed Business Information, up for sale. Sir Crisping Davis, Reed Elsevier chief executive, said that RBI’s advertising model did not fit with the company’s subscription based focus. A potential value of between £1 billion and £1.3 billion has been estimated for RBI, publisher of titles including Variety,… Continue reading Reed Elsevier To Sell B2B Division

BSkyB has confirmed it will launch a legal challenge against the competition regulator’s ruling ordering it to sell the majority of its 17.9% stake in ITV.Sky, which will lose hundreds of millions of pounds selling down the stake to below 7.5%, said it would lodge its application with the Competition Commission tribunal (CCT) today.The satellite… Continue reading Sky Confirms Legal Challenge To ITV Share Ruling