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Publicis Groupe, the world number four advertising agency, is looking for acquisitions, according to chairman and CEO Maurice Levy. Talking to the Wall Street Journal, Levy said: “We are contemplating several possible strategies in terms of acquisitions. “We will definitely move to an acquisition strategy provided it does service the interest of shareholders.” Levy was… Continue reading Publicis Looks To Implement Acquisition Strategy

Metro International has announced its financial results for the third quarter and the nine months ended September 30 2006. For Q3 2006, net sales increased by 18% to $87.1 million (2005: $74.0 million). At constant exchange rates, net sales improved by 11%. Metro International recorded a group operating loss of $8.9 million (2005: loss of… Continue reading Metro International Announces Q3 And Nine Month Results

Omnicom has announced that its net income for the third quarter of 2006 increased 9.5% to $177.1 million from $161.7 million in the third quarter of 2005. Worldwide revenue increased 10.0% to $2,774.3 million from $2,522.9 million in the third quarter of 2005. Domestic revenue for the third quarter of 2006 increased 7.8% to $1,540.5… Continue reading Omnicom Releases Third Quarter Financial Results

ITV are supposedly lining up a ‘dream team’ of Stephen Carter, former head of Ofcom, as chief executive, and Channel 4’s Kevin Lygo as director of programmes. According to reports in the trade press, the duo are the frontrunners to take over the posts, with shareholders wanting to bring in a new programming chief at… Continue reading ITV Could Get Carter

ITV shareholders are urging the company to appoint a new chief executive by Christmas, according to a report in the Guardian. The shareholders are apparently unhappy at the slow progress of the search for a replacement for Charles Allen. The report says that headhunters Zygos have widened their search for a new CEO to include… Continue reading ITV Shareholders Want New CEO By Christmas

Yahoo! is coming under increasing pressure to invest in more social networking as internet users move to sites such as MySpace and YouTube, according to analysts. Yahoo! could potentially be interested in bidding for Facebook, a smaller rival to MySpace. The pressure on Yahoo! follows the acquisition by Google of YouTube, the video sharing website,… Continue reading Yahoo! Under Pressure To Invest In Social Networking

Non-voice services will account, on average, for 13.3% of total service revenues for US mobile operators in 2006 and this is set to grow to 24.5% by 2011, according to a new report from Analysys. The US Mobile Market: Trends and Forecasts 2006-11 report says that the biggest driver of this growth is entertainment services,… Continue reading Entertainment To Drive US Mobile Data Revenues

Scottish Media Group, owner of Virgin Radio, has seen its shares drop by 28% today after issuing a profits warning. SMG said that the dip in profits is due to a weak market for TV and cinema advertising, which has affected its Scottish TV franchises and its cinema advertising sales business Pearl & Dean. However,… Continue reading SMG Issues Profit Warning And Sees Shares Fall

Google recorded a revenue increase of 70% for the third quarter, to $2.69 billion, and nearly doubled its profits to $733 million. Google-owned sites generated revenues of $1.63 billion, or 60% of total revenues, in the third quarter of 2006. This represents an 84% increase over third quarter 2005 revenues of $885 million and a… Continue reading Google Revenues Grow 70%

Affluent working women in the US with family incomes of $75,000 or more are growing in number and 94.3% access the internet during an average month, according to new research from The Media Audit. From 2004 to 2005 the percentage of affluent working women making five or more purchases on the internet increased from 54.1%… Continue reading Affluent US Women Increase Internet Purchases