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News Corp has reported a rise in operating income to $1.05bn (£499m) for the three months to the end of September. Chief executive Rupert Murdoch said that the rise in operating income was due to the strong box-office performance of films such as The Simpsons Movie. Net profits were down 13% to $732m, although in… Continue reading News Corp Reports Rise In Operating Income

ITV’s submission to the Competition Commission asks that BSkyB is forced to dispose of its entire 17.9% stake, as it gives the satellite broadcaster a “material influence” in ITV’s plans for future investments. According to ITV’s submission, the “only remedy” to the problem of Sky’s influence over its own decisions on future investments is the… Continue reading ITV Wants Sky To Dispose Of Its 17.9% Stake

Telegraph Media Group suffered a pre-tax loss of £8.8m in 2006, according to results filed with Companies House. The group’s operating profits after one-off items were left at £10.8m, up from a loss of £12.1m in 2005. These are the second accounts for a full year’s trading since the Telegraph was acquired by Sir David… Continue reading Pre-Tax Loss For Telegraph Media Group

Virgin Media has announced operating income of £47m for the third quarter of 2007, up from £3m in the second quarter. However, the results show that the group’s operating income experienced a year on year loss of £9.6m. Virgin Media’s total revenue was £1bn, up from £995m in Q2, although down slightly year on year.… Continue reading Virgin Media Enjoys Operating Profit Rise

JCDecaux has announced a 9% year on year increase in revenues for the nine months ended 30 September 2007, €1,506.9 million compared. Excluding acquisitions and the impact of foreign exchange, organic revenues rose by 8.6% for the first nine months of 2007. In the third quarter, revenues increased by 11.8% to €487.9 million. Excluding acquisitions… Continue reading JCDecaux Announces 9% Revenue Increase

Pearson, publisher of the Financial Times, has signed an agreement to sell its French newspaper Les Echos to LVMH. Staff at the paper had opposed the €240m (£167m) cash deal, arguing that there were inadequate guarantees of editorial independence. There were also concerns that Bernard Arnault’s ownership of LVMH could create conflicts of interest for… Continue reading Pearson Agrees To Sell French Newspaper

Private equity firm Cinven has pulled out of the race for Emap’s consumer magazine division, apparently unhappy with the £700m price tag. This weekend’s Times reported that Cinven was not willing to pay anywhere near the £700 million asking price in a “challenging” magazine market. However, the report also says that the American media group… Continue reading Cinven Pulls Out Of Emap Consumer Magazine Bidding

Sky has announced an 11% increase in group revenue for the six months to the end of September, to £1.19bn. The satellite broadcaster added that its adjusted operating profit of £150m reflects very strong Sky+ customer growth, of 323,000 to 2.7 million. Sky also reported operating profit of £143 million, including a full first quarter’s… Continue reading Sky Reports 11% Increase In Group Revenue

Interpublic has announced that its third quarter 2007 revenue has reached $1.56bn, compared to $1.45 billion the same period a year ago, whilst its revenue for the first nine months of 2007 was $4.57 billion, compared to $4.31 billion in 2006. Organic revenue increased 5.7% compared to the third quarter of 2006, due to higher… Continue reading Interpublic Announces Q3 Results

Havas has announced that its revenues for the third quarter of the year have risen 7.3% year on year to €368 million (£258 million). There was improvement in organic growth, at 9.3% in Q3, after 5.4% in Q2, which rose to 6.0% for the first nine months of 2007. Net new businesss continued its positive… Continue reading Havas Q3 Revenues Up 7.3%