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UTV has announced that its revenue was up 22% for 2006, at £113.6 million, whilst its operating profit was up 6% at £27.4 million before charging start-up losses of £2.6 million for new radio stations in Belfast and Edinburgh. The company’s operating profit was up 52% at £114.6 million, from £25.8 million in 2005, before… Continue reading UTV Announces 2006 Revenue Increase

Google has acquired video game advertising company Adscape as it looks to expand into in-game advertising. The technology website Red Herring said in February that the value of any deal would be worth around $23 million. Google said: “As more and more people spend time playing video games, we think we can create opportunities for… Continue reading Google Buys In-Game Ad Firm

Michael Grade, ITV chief executive, has the support of City analysts for his attempts to end the broadcaster’s contract rights renewal (CRR) mechanism. However, according to a report in Broadcast magazine, he faces strong opposition from media buyers. The report quotes a major media buyer as saying: “”Our clients want a bigger and stronger ITV,… Continue reading Support For Grade On CRR

Aegis has announced that its total revenue increased 14.5% in 2006, to £996.9 million, up from £870 million in 2005. The group’s organic revenue grew 7.7%, with Aegis saying that it the company grew faster than the marketing services industry as a whole, as it has for each of the past ten years. Underlying operating… Continue reading Aegis Records 2006 Revenue Increase

Viacom, owner of MTV, has filed a $1 billion (£520 million) lawsuit against Google concerning the activities of its video-sharing website, YouTube. Viacom has accused Google of “massive intentional copyright infringement” on YouTube, which the search engine giant bought last year for $1.65bn (see Google Acquires YouTube For $1.65 Billion). Viacom claims that around 160,000… Continue reading Viacom Files $1 Bn Lawsuit Against YouTube

The output of the UK economy in the three months ending in February was 0.5% higher than in the previous three months, according to a new report from the National Institute of Economic and Social Research (NIESR). This follows a revised figure from the three months ending in January, with the NIESR saying that the… Continue reading UK Economic Output Grows

RTL Group, owner of Five, recorded growth in earnings of 12.3% in 2006, following strong performances in Germany, France, Spain and the Netherlands. Five made a €1 million (£680,000) loss in 2006, which RTL puts down to the slowdown in the advertising market and the cost of launching the two digital channels, Five Life and… Continue reading RTL Records 2006 Earnings Growth

ITV has announced that its full-year pre-tax profits slipped from £311 million to £288 million. Turnover for the year to 31 December 2006 was £2.18 billion, compared to £2.19 billion in 2005. Digital channels showed strong growth, with revenue up 41% at £157 million, partly offsetting ITV NAR down 12% at 1.28 million. ITV content… Continue reading ITV’s Profits Decline

Johnston Press has announced that its 2006 pre-tax profits were down 6% to £146.7 million. In a statement released today, the Edinburgh based group said that revenues this year would be similar to those recorded for 2006. Digital revenues at he publisher were up 36% to 11.3 million for 2006. However, it also said that… Continue reading Johnston Press Sees Profits Fall

Aegis has announced that it will hold an extraordinary general meeting on Wednesday 4 April to vote on Vincent Bollore’s nominations to the board. The Aegis board has again advised shareholders to vote against Bollore’s nominations, having seen off two previous attempts to gain representation on the board (see Bollore Fails Again In Aegis Board… Continue reading Aegis Announces EGM Date