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Response to Chrysalis’ auction of its radio operations has not reached the demand levels anticipated, according to reports in today’s Financial Times. Bids were expected from UTV as well as several private equity firms, however these have not materialised, while Guardian Media Group ruled themselves out from the bidding last month. Chrysalis had hoped the… Continue reading Little Interest In Chrysalis Auction

Google’s net profits for the first quarter of 2007 were $1 billion (£500 million), a 69% increase on the same period last year. Its revenue was up 63% to $3.6 billion (£1.8 billion) for Q1, including traffic acquisition costs of $1.1 billion, or 31% of advertising revenues. Revenues from the UK totaled $578 million, representing… Continue reading Google Records Strong Profits Increase

WPP has acquired a 49.9% stake in Clemmow Hornby Inge (CHI) after the marketing services company broke off talks with Havas. Although no figure for the deal was disclosed, it is rumoured in the trade press to be in the region of £15 million-£20 million. Vincent Bolloré, chairman of Havas, said in February that he… Continue reading WPP Acquires Stake In CHI

Yahoo! recorded an 11% decline in profits for the first quarter of 2007, to $142 million (£70.7 million). Revenues were $1,672 million for the first quarter of 2007, a 7 percent increase compared to $1,567 million for the same period of 2006. Susan Decker, chief financial officer, Yahoo!, said: “Our first quarter financial results reflect… Continue reading Yahoo! Sees Profits Drop

Google has signed a multi-year agreement with Clear Channel which enables the search engine giant to sell a guaranteed portion of 30 second advertising inventory available on more that 675 of Clear Channel’s AM/FM stations. across the US. The agreement will see Google Audio Ads advertisers receive national distribution, enabling them to reach specific audiences… Continue reading Google Signs US Radio Ad Agreement With Clear Channel

WPP announces that it has acquired a minority stake in VideoEgg, a company specialising in video solutions and video advertising for online communities. Founded in 2005, VideoEgg is based in San Francisco and employs 53 people. Clients include Unilever, Dell, NBC, Nestle and Universal. In a statement released today, Aegis said: “This investment further strengthens… Continue reading WPP Acquires Stake In Online Advertising Company

JCDecaux has signed a five-year worldwide alliance with Unilever. The agreement follows the success of the existing pan-European alliance signed between the two companies in 2002. The five-year alliance will involve the utilisation of JCDecaux’s outdoor networks and a commitment to a strategic partnership in developing and emerging markets. The immediate focus of the deal… Continue reading JCDecaux Signs Worldwide Alliance With Unilever

Google has acquired Doubleclick, an ad-serving company, for £3.1 billion, more than the £1.76 billion it paid for YouTube last year. Google says that the acquisition will “combine DoubleClick’s expertise in ad management technology for media buyers and sellers with Google’s leading advertising platform and publisher monetisation services”. Sergey Brin, Google’s co-founder and president, Technology,… Continue reading Google Acquires Doubleclick For £3.1 Billion

Sir Richard Branson is thought to be the favourite to buy Virgin Radio following yesterday’s decision by its owner SMG to float it on the stock market. According to reports in the trade press, a brand rights ownership clause included in the deal which saw the station originally sold off from the Virgin Group could… Continue reading Branson Could Bid For Virgin Radio

SMG is to focus on TV as its core business and is to seek a separate stock market listing for Virgin Radio over the coming months. It has also terminated the sale of its outdoor advertising company Primesight, although it said that it could sell it at a later date if the board decides it… Continue reading SMG To Float Virgin Radio