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Terry Semel has stepped down as Yahoo! chief executive after six years at the helm, to be replaced by co-founder of the company, Jerry Yang. Susan Decker, who became executive vice-president last December, has also been promoted, to president of the company. Semel’s departure follows criticism that he did not do enough to capitalise on… Continue reading Terry Semel Steps Down As Yahoo! Chief Exec

Chrysalis has reportedly entered into talks with Irish private equity firm Lydian Capital over the sale of its radio business. It is thought that the deal, estimated to be worth between £170 million and £180 million, could be completed by the end of the week. Lydian Capital, in exclusive discussions to buy the radio business,… Continue reading Irish Investors In Chrysalis Radio Talks

Dennis Publishing has reached an agreement to sell Dennis Publishing Inc, its American magazine arm, to Quadrangle Capital Partners, a private equity fund focused on the media and communications industries. The deal comprises some of the world’s most famous young men’s magazines and websites, including Maxim, Blender and Stuff. Dennis Publishing Inc was founded in… Continue reading Dennis Publishing Sells American Arm

Sir Richard Branson has said that he might consider buying back Virgin Radio, which he sold to Chris Evans in 1997. Branson was taking part in the Big Listen live debate on the future of commercial radio which took place last night. He said: “It’s certainly a possibility. It’s not something which we’re looking into… Continue reading Branson Could Buy Virgin Radio

Pearson, owner of the Financial Times, is in discussions with General Electric, owner of NBC, about launching a counter bid for Dow Jones, currently subject to a takeover attempt by News Corporation. Reports in the trade press claim that Pearson is mulling over a partnership with General Electric owned channel CNBC to launch a rival… Continue reading Pearson Could Bid For Dow Jones

Publicis, the French marketing and advertising group, has bought the digital agency Business Interactif for €137 (£92 million). The group is set to merge Business Interactif with its own digital advertising operation, Digitas, which it acquired last year (see Publicis Buys US Digital Marketing Firm). The deal sees Publicis Groupe acquire a 49% stake in… Continue reading Publicis Buys French Digital Agency For £92 Million

Rupert Murdoch’s News Corporation is to sell nine of its 35 Fox TV stations having appointed an adviser for the sale. The stations most likely to be sold are in Fox Television Stations’ – a subsidiary of Fox TV – smallest markets and include WDAF in Kansas City, WHBQ in Memphis, KDVR in Denver and… Continue reading News Corp To Sell Nine Fox TV Stations

Aegis has signed an agreement to acquire mobile marketing company Marvellous Mobile. Marvellous Mobile’s services cover creative, design, build, hosting and measurement, and it has developed its own proprietary global technology platform, known as MHub. For the past year, Marvellous Mobile has collaborated with Isobar, the digital agency network, and part of Aegis, to create… Continue reading Aegis To Acquire Mobile Marketing Company

Future has announced a pre-tax profit of £8.6 million for the six months to March 31 2007, with first half revenues from continuing operations at £95.3 million, a decline of 11% from a year earlier. The magazine publisher’s revenues from online advertising were up 66% year-on-year, whilst its customer publishing revenues grew 59%. The company… Continue reading Pre-Tax Profit For Future

Virgin Media has said that it expects its TV net additions to be roughly flat in the second quarter of 2007, revising its previous forecast for negative TV subscriber growth following the removal of Sky’s basic channel package from Virgin’s platform. Virgin has said that this new prediction is due in significant part to the… Continue reading Virgin Media Revises TV Subscriber Growth Expectations