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Google has reported 13% growth in fourth quarter profits, to $1.2 billion, with the number of paid clicks on advertisements up by 30% year on year. For the full year 2007, Google said that its profits were up 40% to $4.2 billion. Revenues from the UK totaled $692 million, representing 14% of revenue in the… Continue reading Google Announces 13% Growth In Q4 Profits

Microsoft has launched a $44.6 billion takeover bid to buy Yahoo!, saying that it is confident of delivering up to $1 billion in cost savings under the terms of the proposed deal.According to a report on TimesOnline, Goldman Sachs is advising Microsoft on the deal.If it were to go through, the deal would be one… Continue reading Microsoft Offers To Buy Yahoo! For $44.6bn

GCap Media has announced that it expects like for like revenue growth to be up 7% in January, with radio advertising also up 7%. In a trading statement released today, GCap said that this “represents an encouraging start to the quarter as the comparable period to 31 March 2007 was the year’s strongest in terms… Continue reading GCap Expects 7% Revenue Growth

The takeover watchdog has given Global Radio five weeks to decide whether to make a second bid for GCap Media. The Takeover Panel has given Global until 5pm on March 5 to indicate a firm intention to make a bid for GCap or it will have to wait another six months. The panel said that… Continue reading Global Radio Gets Five Week Deadline For New GCap Bid

Media planning and buying company Aegis is reportedly in talks to buy a stake in digital media company i-Level. Last year, i-Level appointed corporate finance advisers at Ingenious Media to advise on a strategic review, which could lead to a sale for around £70 million. According to sources quoted in yesterday’s Daily Telegraph, Aegis has… Continue reading Aegis Could Buy Stake In i-Level

Aegis is reportedly in talks to buy a stake in digital media company i-Level.Last October, i-Level appointed corporate finance advisers at Ingenious Media to advise on a strategic review, which could lead to a sale for around £70 million.According to sources quoted by the Daily Telegraph, Aegis has made it through to the second round… Continue reading Aegis Could Buy i-Level Stake

Yahoo!’s profits fell 23% to $206 million in the fourth quarter, down from $269 million a year earlier. Its full year profits were $660 million, down from $751 million in 2006, while its revenues were $7.0 billion, up 8% year on year. Jerry Yang, co-founder and chief executive officer of Yahoo!, warned of tough times… Continue reading Yahoo!’s Profits Fall

JCDecaux has reported revenues of €2,106.6 million (£1,567.11 million), an increase of 8.2% compared with 2006. High-single or double-digit organic revenue growth was reported in all geographic areas for the year with the exception of France. However, France still showed however a good improvement from the third quarter and achieved overall a satisfactory yearly performance,… Continue reading JCDecaux Revenues Reach €2.1m

The government has told BSkyB that it must reduce its stake in ITV from 17.9% to under 7.5%.Business secretary John Hutton accepted the Competition Commission’s recommendation to reduce the stake (see Competition Commission Recommends Sky Sell Down ITV Stake)The ruling gives Sky until Monday 25 February to lodge an appeal against the decision.The satellite broadcaster… Continue reading Sky Told To Reduce ITV Stake To Below 7.5%

The music and download company behind Bebo and Last.fm’s music services, 7digital, has secured funding of £4.25 million.The digital media delivery company, based in the UK, has received backing from investors Sutton Place Managers and Balderton Capital.It is understood that 7digital will spend the money on expanding beyond the UK, possibly into the US and… Continue reading 7digital Secures £4.25m Funding