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Yahoo! has reported Q3 pre-tax profits of $151 million (£74.2 million), a decline of 5% year on year, although it said that there are signs of its online advertising business gaining momentum. The company’s revenue from display advertising grew at nearly 20% in the first three months after almost five quarters of decelerating growth. Marketing… Continue reading Yahoo! Reports $151m Pre-Tax Profit

Emap has finished the first round of its break-up auction, and at least five bidders for each division have made it through to the next stage, according to a report. A report in today’s Times says that those through to the second round of bidding for the consumer magazines division include Hearst, Providence, Cinven, Quadrangle… Continue reading Several Bidders In Next Stage Of Emap Sell-Off

Google has acquired the Finnish social networking site Jaiku for an undisclosed amount. The site, which lets users share what they are doing at any given time, is based in Helsinki and was founded by Jyri Engestrom and Petteri Koponen in February 2006. Jaiku allows users to connect with friends through the internet or instant… Continue reading Google Acquires Finnish Social Networking Site

The European Commission has opened an investigation into the proposed takeover of Reuters by Thomson, the Canadian financial information company. In a statement, the Commission said: “The initial market investigation indicates that the proposed merger would raise serious doubts as regards adverse effects on competition in several markets of the financial information sector.” The planned… Continue reading European Commission Investigates Reuters Takeover

The latest UK economic estimate from the National Institute of Economic and Social Research (NIESR) suggests that the growth rate in the third quarter of the year was 0.7%, slightly slower than the second quarter figure of 0.8%. A study last month by NIESR as part of the Euroframe Group pointed to a growth rate… Continue reading UK Economic Growth Rate Slows

Blake Chandlee, Yahoo! commercial director, has been poached by social networking website Facebook top be its UK sales director and first UK employee.A report from Media Week says that Chandlee – a panelist at MediaTel Group’s ‘Future Of TV’ seminar on Tuesday (see TIOTI Founder Joins MediaTel ‘Future Of TV’ Seminar Panel) – has left… Continue reading Blake Chandlee Leaves Yahoo! For Facebook

Hearst Corporation, owner of the UK’s third largest magazine publisher The National Magazine Company, has made a &pound:700 million indicative offer for Emap’s consumer magazine division. Emap is the second largest magazine publisher behind IPC Media, with a range of magazines including women’s weeklies Grazia and Closer and men’s monthly Arena. Emap recently sold its… Continue reading Hearst Bids £700m For Emap’s Consumer Magazine Division

JCDecaux is to create the largest network of digital roadside billboards in the UK, following a £20 million investment into its outdoor sites.The media owner’s 20 x 48-sheet Primetime billboards will be unveiled from next Spring, located in high-profile, central London locations.The network of digital billboards follows Decaux’s digitisation of the M4 Torch earlier this… Continue reading JCDecaux To Invest £20m In Digital Roadside Network

The Competition Commission has provisionally found that BSkyB’s acquisition by of a 17.9% share in ITV “restricts competition and therefore operates against the public interest”. The ruling could see Sky forced to sell its stake in the broadcaster at a substantial loss. Sky bought the stake for £940 million in November 2006. Peter Freeman, chairman… Continue reading Sky Could Be Forced To Sell ITV Stake

Trinity Mirror has announced that it will not be selling its regional news titles in the Midlands and South East, adding that it has agreed the sale of the Racing Post for £170 million. Trinity Mirror said that it had failed to secure high enough offers for its regional titles. In a statement released today,… Continue reading Trinity Mirror Abandons Regional Paper Sell-Off