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Trinity Mirror’s advertising revenue for the first four months of the year fell by 3%, excluding digital acquisitions. The publisher’s regionals division saw advertising revenues decrease by 2.3%. Excluding the acquired digital businesses, the Regionals division advertising revenues for the first four months fell by 3.3%. Advertising revenues for its nationals division fell by 4.0%.The… Continue reading Trinity Mirror Ad Revenue Declines

News Corporation has announced that its revenues for the quarter ending March 31 increased 21% to $7.5 billion, with its net income increasing 6% to $871 million. Filmed entertainment delivered record operating income contribution of $410 million, up 82%, whilst cable network programming operating income was up 34%, with News Corp saying that increased affiliate… Continue reading News Corp Revenues Grow 21%

Bill Gates, chairman of Microsoft, says that the advertising model for traditional media will continue to deteriorate over the coming few years. Speaking at Microsoft’s Strategic Account Summit, Gates said: “We’re saying newspapers will go online, and there will be massive innovation that comes out of that. We’re saying that TV, the biggest ad market… Continue reading More Media To Move Online, Says Gates

Internet television service Joost has announced that five selected parties have collectively invested approximately $45 million in the company. The news comes just a week after the company, set up by the founders of Skype, was launched. Index Ventures, a European capital firm, Sequoia Capital, which has invested in Yahoo! and YouTube have taken small… Continue reading $45 Million Investment In Joost

Virgin Media’s total revenue for the first quarter of 2007 was £1 million, with the company saying that the majority of the decline from the previous quarter was due to a reduction in content segment revenue. The cable company’s revenues from its consumer cable operations were £637.3 million in the first quarter, up year on… Continue reading Virgin Media Releases First Quarter Results

Publicis has recorded a 6.5% increase in first quarter revenues, to £723 billion. The world’s fourth largest advertising group said that it achieved organic growth of 3% for the first quarter of 2007. The £1.7 billion growth in new client business was fuelled by wins which included Asda in the UK and Wendy’s in the… Continue reading Publicis Posts First Quarter Revenues Increase

Reuters has revealed that it has received a bid approach from an unidentified third party which has seen its shares rise over 25%. There are rumours that the bidder could be Canadian information group Thomson Corporation or search engine giant Google. Although Newscorp has also been mentioned as a possible bidder, it is unlikely as… Continue reading Reuters Receives Bid Approach

Sirius’ Q1 revenues increased 61% to a record $204 million (€150 million), with subscribers increasing more than by over half a million to nearly 6.6 million overall. Following this strong performance, Sirius is now the satellite radio leader with 66 percent segment share of net subscriber additions during the period, beating soon to be merged… Continue reading US Satellite Radio Company Sirius Revenues Up

BSkyB has released results for the nine months to March 31 which show that revenue increased by 10% to £3.3 billion, including £41 million from residential broadband and £117 million from Easynet Enterprise. Its operating profit was £613 million including losses of £137 million in residential broadband and the acquired Easynet business. BSkyB also announced… Continue reading BSkyB Revenue Increases To £3.3 Billion

Channel 4’s turnover reached a record £937 million in 2006, growing by 5%, due mainly to growth in digital revenues. The broadcaster’s new media division saw its turnover more than double last year to £51 million, up from £24.5 million a year previously. Channel 4’s programming spend rose 6% to £608 million last year, up… Continue reading Record Turnover For Channel 4