More Media Business articles

Yahoo! has acquired BlueLithium, the online global ad network, for approximately $300 million in cash. According to comScore Media Metrix, BlueLithium is the fifth largest ad network in the US and second largest in the UK with 145 million unique visitors each month. Jerry Yang, chief executive officer, Yahoo!, said: “BlueLithium’s products, technology and team… Continue reading Yahoo! Buys Online Ad Network

Aegis Group has reported a first-half pre-tax profit of £41.3 million, up 8.7% from £38 million a year earlier. The group also reported organic revenue growth of 9.6%, whilst its revenue was up 7.7% to £499 million. Aegis Media and its market research company Synovate both delivered revenue growth ahead of their markets, at 9.8%… Continue reading Aegis First-Half Profits Up

SMG is believed to be delaying the floatation of Virgin Radio following the departure of chief executive Paul Jackson to GCap Media. Richard Huntingford, Virgin’s new chairman, said that an initial public offer could not go ahead without a chief executive. SMG hopes to raise around £85 million from the initial public offering, to reduce… Continue reading SMG Could Delay Virgin Radio Floatation

SMG is selling Primesight, its outdoor advertising division, for up to £62 million to a private equity firm. In a statement released today, SMG said that the GMT Communications Partners deal represents a clear uplift on previous offers. Rob Woodward, chief executive of SMG, said: “This is a good price for the business and clearly… Continue reading SMG Confirms Primesight Sale

UTV, the multimedia group which broadcasts radio and television, has announced that its operating profit, before exceptional items, was up 4% at £13 million for the six months to June 30. The group’s radio operating profit was up by 7% to £6.8 million (2006: £6.4 million) after deducting start-up losses of £1.3 million (2006: £1.4… Continue reading UTV Announces Increase In Operating Profit

Emap has released a statement announcing that it has received interest for all parts of the group, having previously announced a review that could see the company broken up. The strategic review of its £2 billion radio, business-to-business and consumer magazine operation was announced in July, with today’s statement saying that the board is preparing… Continue reading Emap Confirms Sale Interest

RTL has announced that its total earnings before ebita rose 7.7% year on year to €515 million (£256.3 million). The group’s revenue was up 1.3% to €2.89 billion (£1.44 billion). These figures included an €123 million (£61 million) impairment on the carrying value of Five due to “strong competition and the increasing fragmentation of the… Continue reading RTL Earnings Rise 7.7%

Johnston Press has announced a 4.8% decline in profits in the half year to June 30. The regional newspaper group, which publishes titles including the Yorkshire Post and the Scotsman, said that its operating profit fell to £96.7 million, whilst revenue was up 0.1% at £312.8 million. Revenue from UK newspaper sales increased by 0.5%,… Continue reading Johnston Press Profits Decline

Mondadori, the Italian magazine publisher controlled by Silvio Berlusconi, has expressed interest in buying Emap’s £700 million consumer magazine division, according to a report. A report in today’s Times says that the Italian group, along with French company Lagardère, whose British operations are run by former Emap chief executive Kevin Hand, has asked for a… Continue reading Berlusconi Company Could Bid For Emap Magazine Division

Vincent Bolloré, chairman of Havas, has increased his stake in Aegis, the UK media buying group, to almost 30%. Bolloré Group, Bolloré’s holding company, has increased its holding in Aegis from 29.15% to 29.86%, almost reaching the threshold where it would have to make a bid for the company. So far, Bolloré has made four… Continue reading Bolloré Increases Aegis Stake