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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

Emap has announced that its annual performance is likely to be toward the end of market expectations. The company said that trading conditions in consumer media markets will remain challenging in 2007-08, although the prospects for its business-to-business operations are robust. Emap said that a strategic review of its businesses, announced in November, was expected… Continue reading Emap Puts Out Profits Warning

Publicis groupe recorded a 6.3% increase in revenues to €4.4 billion (£2.9 billion) for 2006. Publicis also announced fourth quarter revenues of €1.25 million (£822 million), up 4.8% on the same period in 2005. Maurice Levy, Publicis chairman and CEO, said: “We have a good outlook for 2007 with advertisers regaining confidence. “We will be… Continue reading Publicis Revenues Increase For 2006

News Corporation has announced that its profit for the last three months of 2006 dropped to $822 million (£417 million). News Corp, owner of the Sun, the News of the World and the Times, said that revenues in the quarter rose 18% to $7.8 billion (£4 billion). News Corp attributed the fall in profits to… Continue reading News Corp Profits Down

ITV is to sell its 9.9% shareholding in Liverpool Football Club and Athletic Grounds at £5,000 a share. If the offer goes through it will result in cash proceeds of £17.4 million. Since the merger creating ITV plc (see ITV Merger Receives Final Green Light From Shareholders) in 2004, ITV has been carrying out a… Continue reading ITV To Sell Stake In Liverpool

Chrysalis has revealed that its radio division saw revenues grow 5% year on year in January, after suffering a 10% decline for the four months to December 31. In a trading update released today the group said that the decline in revenues felt over the last four months of 2006 was in line with the… Continue reading Chrysalis Revenues Increase In January

David Dimbleby is the latest figure to rule himself out of the race to be the next chairman of the BBC, revealing that he has decided against applying for the role for a third time. The Question Time presenter has been passed over for the post twice, first in favour of Gavyn Davies and then… Continue reading Dimbleby Out Of BBC Chairman Race

Havas has reported its first growth in annual revenue in five years, with full year revenue at €1.47 million, compared to €1.46 million for the previous year, an increase of 0.8%. Excluding exchange rate and scope of consolidation changes, organic growth for 2006 was 0.6%. The UK reported its strongest quarterly growth for five years,… Continue reading Havas Reports First Annual Revenue Growth In Five Years