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Tiscali, the Italian internet company, has denied that it has sounded out potential buyers for its UK division. A Tiscali spokeswoman said: “Tiscali UK is not for sale, and the story has no foundation at all. We are focused on pursuing the long-term strategy to build the UK and Italian sides of the business that… Continue reading Tiscali Denies UK Sale Rumours

Total US advertising spending in 2007 will grow only 3.7%, according to a new forecast from Jack Myers Media Business Report. Traditional media are projected to gain only 1.3% in ad revenues as newspapers, broadcast network television and local television all experience declines. Broadcast network television revenues are expected to decline 3.0% in 2007, impacted… Continue reading US Adspend Forecast To Increase 3.7% In 2007

BSkyB is to acquire online sports information and gaming firm 365 Media Group in a deal worth £96 million. 365 Media owns sports and gambling sites including TEAMtalk.com, SportingLife.com, Football365.com and Golf365.com. Sky says that the acquisition of 365 Media enhances its existing online strategy, adding to its portfolio of online assets and increasing its… Continue reading Sky To Buy Online Betting Firm

United Business Media has released a trading update for the second half of 2006 revealing that its overall trading performance is in line with expectations. PR Newswire and CMP Asia continue to perform strongly while trading at CMP Information and CMP Technology has been mixed. Since 1 July, United Business Media has made nine acquisitions… Continue reading UBM H2 Trading In Line With Expectations

Leaked documents reveal that Yahoo! has had offers turned down for Facebook, the social networking website. The documents show that Yahoo1 made an early offer of $37.5 million for 5% of the company in the first quarter of 2006 which was rejected by Facebook. At about the halfway point of the year, Yahoo proposed a… Continue reading Facebook Rejected Yahoo! Bids

Johnston Press saw like-for-like print advertising revenues decrease by 8.0% for the five months ended 30 November 2006. The regional paper group added that if fast growing digital revenues were included this decline would reduce to 7.4%. In a trading update for the second half of the financial year ending 31 December 2006 , Johnston… Continue reading Ad Revenues Continue To Decline For Johnston Press

SMG has confirmed that it has received a further approach from UTV regarding a possible merger of SMG and UTV, and has entered into discussions with the group. In a statement SMG said that its search process for a new CEO has been suspended while merger discussions progress. The SMG board also reported that good… Continue reading UTV And SMG Confirm Merger Talks

Vivendi’s chief financial officer has said that the company’s profit growth will slow next year as it integrates takeovers. Speaking at a UBS conference in New York, Jacques Espinasse said that Vivendi’s profit growth will slow next year from 16% this year. Espinasse said: “Don’t expect the growth in 2007 to be as fast as… Continue reading Vivendi Expects Profit Growth To Slow

Stevie Spring, chief executive at Future, has said that she has no intention of making any acquisitions and will instead focus on getting the business back on track. In an interview with the Times Spring said that she believed Future’s biggest problem was that it had been too acquisitive. Spring said: “With the acquisition of… Continue reading Future To Focus Less On Acquisitions

Retail websites in the UK experienced a 65% increase in shopping traffic in the week ending November 26, according to comScore Networks. ComScore’s European holiday season shopping analysis examines cyber shopping activity (defined as visits to secure web pages) at the top UK, France and German retail sites during the holiday season, starting on October… Continue reading Christmas Traffic Increase For Retail Websites