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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

The future of Iostar could be in doubt after Dawn Airey, former MD of Sky networks, quit last week. Airey left after just one week owing to concerns about the company’s financial arrangements and is understood to have shown doubts that Iostar will be able to live up to its original vision. The company, which… Continue reading Iostar Future Could Be In Doubt

The latest economic forecast from the National Institute of Economic and Social Research (NIESR) says that the UK economy will grow by 2.7%, boosted by buoyant business investment which will rise by 8.2%. The NIESR says that consumer price inflation rose to 3.1% in the year to March, prompting the first explanatory letter from the… Continue reading UK Economy Forecast To Grow 2.7%