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BT has announced that Sir Christopher Bland’s successor as chairman will be Sir Michael Rake, the current chairman of KPMG International. KPMG is one of the world’s leading accountancy firms and has a global fee income of $17 billion. It is represented in 148 countries and employs 113,000 people. Welcoming the appointment, Bland said: “On… Continue reading BT Announces Next Chairman

Reed Elsevier’s revenues were up 4% in 2006, to £5.3 million, driven by a 10% increase in digital revenues. Organic revenue growth was 5% despite the weak education markets. Organic adjusted operating profit was 8%, reflecting underlying margin improvement across the rest of the business. Overall operating margin was up 0.3% points at reported exchange… Continue reading Reed Elsevier Revenues Up 4% In 2006

Pre-tax losses at Times Newspapers, owner of the Times and the Sunday Times, increased by 72% from £46.9 million to £80.7 million in the year to the end of June 2006. According to accounts filed at companies house, there was a £31.3 million charge to cover the cost of planned redundancies at News International’s printing… Continue reading Pre-Tax Losses Increase At Times Newspapers

Omnicom has announced that its net income for the fourth quarter of 2006 increased 9.7% to $277.2 million from $252.6 million in the fourth quarter of 2005. The company’s worldwide revenue increased 9.4% to $3,2162.2 million from $2,939.4 million in the fourth quarter of 2005, whilst its domestic revenue for the fourth quarter of 2006… Continue reading Omnicom Records Net Income Increase

Telefonica executives are to meet today to discuss the sale of its production subsidiary Endemol. Options which could be discussed at the board meeting in Madrid include an open auction or an invitation to the major groups who have shown an interest in the Big Brother producer. Groups which have been linked to the sale… Continue reading Telefonica Board Meets To Discuss Endemol Sale

Vincent Bollore could be about to call for another extraordinary general meeting of Aegis shareholders as he attempts to finally have his candidates placed on the board. If it goes ahead, this will be the third EGM Bollore has called. Currently with a 29.1% share in Aegis, Bollore’s attempts to have his candidates, Philippe Germond… Continue reading Bollore Could Call Third Aegis EGM

ITV has announced that Sir James Crosby is to be appointed as senior independent director and chairman of the nomination committee of the board. Crosby, 50, replaces Sir George Russell and will serve as an independent representative for shareholders to contact. Sir George Russell, deputy chairman, said: “I am very pleased that James has accepted… Continue reading New Senior Independent Director For ITV

Chrysalis has decided to initiate a formal review of its strategic operations, which could lead to a demerger of its radio and music businesses. The company has hired Hawkpoint Partners to assist with the review, with the company’s founder and 26% majority shareholder, Chris Wright, said to be coming round to the suggestion put forward… Continue reading Chrysalis Initiates Formal Review of Strategic Operations

North American advertisers spent $9.4 billion on search engine marketing (SEM) in 2006, a 62% increase over 2005 spending, according to an annual industry survey conducted by the Search Engine Marketing Professional Organization (SEMPO). SEMPO researchers also estimate SEM spending to double by 2011, at an aggregate spending total of $18.6 billion. Kevin Lee, member… Continue reading US Advertisers Increase Spending On Search Engine Marketing

Communications giant BT has seen its revenue rise 5% to £5,126 million, with continued strong growth in new wave revenue more than offsetting the decline in traditional revenue, according to the company’s Q3 results. Earnings before interest, taxes, depreciation and amortisation before specific items and leaver costs grew by 2.5%, the fourth consecutive quarter of… Continue reading BT Sees 5% Revenue Rise In Q3