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Google is to acquire the RSS distribution company FeedBurner for an undisclosed sum. Susan Wojcicki, vice president product management for Google, said that the purchase will give Google access to Feedburner’s network of 431,171 current publishers to add to its AdSense network and also provide a greater level of access to advertise on blogs and… Continue reading Google Buys RSS Distribution Company

eBay has bought online recommendation site StumbleUpon for approximately $75 million. eBay says that this acquisition will provide eBay with in-depth exposure to a fast-growing community-based service with approximately 2.3 million users. Michael Buhr, senior director, eBay, said: “StumbleUpon is a great fit within our goal of pioneering new communities based on commerce and sustained… Continue reading eBay Buys Online Recommendation Site

GCap Media has announced that its revenue for the 12 months to 31 March this year was down 9% at £200.1 million. The group’s profits were down from £22.2 million in 2006 in £14.4 million, whilst its advertising revenues dropped 8% to £167.5 million. The owner of Capital Radio and Classic Fm also revealed that… Continue reading GCap Media Reports Revenue Decline

US broadcaster CBS has bought the London-based social networking website Last.fm for $280 million (£142 million). Last.fm, which claims to have around 20 million active users per month, is a music recommendation site which allows users to listen to music based on their listening habits. The purchase follows a spate of similar acquisitions, such as… Continue reading CBS Buys Last.fm

Google is being investigated by the Federal Trade Commission (FTC) over its purchase of online advertising company DoubleClick for $3.1 billion. According to a report in the New York Times, the FTC has opened a preliminary antitrust investigation into the purchase after concerns were raised about the merger of the two companies. Google bought the… Continue reading Google DoubleClick Acquisition Under Investigation

Treasury officials could sell Channel 4 for £1 billion in a fund raising scheme to take place once Gordon Brown Becomes Prime Minister. According to a report in The Times, advisers close to Brown are considering the political and economic arguments in favour of privatisation, even though the Labour party has a manifesto commitment to… Continue reading Treasury Could Sell Off Channel 4

Aegis has recorded a total revenue increase of 10.8% at constant currencies for the first quarter, 4.6% at reported rates. The group’s organic revenue growth (excluding currency movements and the impact of acquisitions) has increased since 2006, to 8.5% in the first quarter, and Aegis says that it continues to achieve the fastest organic revenue… Continue reading Aegis Announces Q1 Revenue Increase

SMG has announced that it its television airtime revenues are expected to decline by 7% for the first half of 2007, owing to a weakness in interactive TV revenues. Virgin Radio revenues have grown by 8% also outperforming the market, and displaying particularly strong online revenue growth, said SMG. Pearl & Dean has also seen… Continue reading SMG Announces TV Revenue Decline

UTV has announced that operating profits for 2006 were broadly flat at £24.8 million. The group said that increased profits from its continuing radio operations were offset by reduced revenue in its television division and start-up losses at its new radio stations in Edinburgh and Belfast. In the first six months of the current year,… Continue reading UTV Reports £24.8 Million Operating Profit

The merger between satellite radio companies Sirius and XM might not occur, after Sirius CEO Mel Karmazin said to shareholders that regulators are unlikely to approve it. On Wednesday, senate subcommittee on antitrust, competition policy and consumer rights chairman Herb Kohl (D-WI), concluded that satellite radio was its own market and a merger to consolidate… Continue reading XM And Sirius Merger “Unlikely”