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Archant’s operating profits for 2006 fell 6.8% to £29.5 million, although the group said that it had performed robustly in challenging conditions for the media industry. Continued progress in magazines and contract publishing saw profits in those businesses, including acquisitions, up 23.7% at £6.1 million, up from £5 million in 2005. In a statement to… Continue reading Archant’s Operating Profits Decline

SMG has announced that Jamie Mathieson and Lord Waheed Alli are to join the company’s board of directors as non-executive directors. Jamie Mathieson (52) is the executive chairman of Brewin Dolphin Holdings PLC. He was previously a non-executive director of Scottish Radio Holdings until its sale to Emap, and is currently a non-executive director of… Continue reading SMG Appoints Non-Executive Directors

Endemol chief operating officer Tom Barnicoat has stepped down, with Barnicoat now expected to launch a management buyout of the television producer. There has been mounting speculation that Barnicoat is preparing a buyout of Endemol, and now that he is a free agent, he will be able to do so. Telefonica executives met last month… Continue reading Endemol Chief Operating Officer Steps Down

Trinity Mirror has recorded a drop in revenue of 4.8% to £1,032.1 million, with the company blaming the difficult advertising environment. The group’s preliminary results for 2006 show that its national newspaper division, which includes the Daily Mirror, saw revenues fell 5.3% to £472.4 million. Commenting on the results, Sly Bailey, chief executive of Trinity… Continue reading Trinity Mirror Records Revenue Drop

Publicis Groupe has reported 14.8% growth in profits for 2006 to €443 million, and a record operating margin of 16.3%. 2006 revenue of €4,386 million were up 5.6% at constant scope of consolidation and exchange rates (i.e., organic growth). All geographical regions contributed, with organic growth 5% in Europe, 5.1% in North America, 5.3% in… Continue reading Publicis Records 2006 Profits Growth

Interpublic Group recorded organic revenue growth of 0.4% in the fourth quarter of 2006 compared to the same period a year previously. Full year organic revenue increased by 1.0% for 2006 compared with 2005. Fourth quarter 2006 revenue was $1.88 billion, compared to $1.90 billion the same period a year previously. Full year 2006 revenue… Continue reading Interpublic Sees Q4 2006 Revenue Growth

Viacom’s full year 2006 revenues of $11.47 billion rose 19% from $9.61 billion in 2005, reflecting a 7% increase in media networks revenues to $7.24 billion. Fourth Quarter 2006 revenues of $3.59 billion grew 32% from $2.72 billion in 2005, whilst worldwide advertising revenues rose 6% to $1.26 billion from $1.19 billion in 2005. Sumner… Continue reading Viacom Records Revenue Increase

Virgin Media saw its revenue increase to £1,081.6 million in the fourth quarter of 2006, up from £1,024.9 million in Q3. Year on year revenue growth in Q4 was £597 million, which Virgin Media says is due to the merger with Telewest and the acquisition of Virgin Mobile. Consumer revenue in the fourth quarter of… Continue reading Virgin Media Records Q4 2006 Revenue Increase

The imminent restructure of Emap’s consumer business will see jobs cut, according to Emap Consumer Media CEO Paul Keenan. Speaking at today’s MediaTel Group Future of Magazines seminar, Keenan said that the changes would see Emap stop doing a number of processes, which will in turn lead to job losses. However, Keenan stressed that the… Continue reading Job Losses To Come At Emap’s Consumer Business

The secretary of state for trade and industry, Alastair Darling, has asked Ofcom to review BSkyB’s acquisition of a 17.9% stake in ITV, with reports in the trade press claiming that the review could be widened to include all of Rupert Murdoch’s UK media assets. The review is to ascertain whether the Sky purchase “raises… Continue reading Darling Orders Investigation Of Sky/ITV Deal