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Google reported revenues of $2.46 billion for the quarter ended June 30, representing a 77% increase over second quarter 2005 revenues of $1.38 billion and a 9% increase over first quarter 2006 revenues of $2.25 billion. The Q2 figures put its net income at $721m (£389m) a jump from the $342m recorded for the same… Continue reading Google Q2 Results Show Continued Growth

The huge success of freesheets, particularly the Metro, was a major talking point at yesterday’s Future Of The Press seminar, although praise for the business model did not come without a note of warning that its booming popularity may be hard to sustain. Stuart Taylor, commercial director at Guardian Newspapers Ltd, said: “I think Metro… Continue reading Metro Profitability Could Be Hit By New Freesheet

US Advertising spend in the first quarter of 2006 rose 5.6% over the same period last year, according to new research from Nielsen Media Research. Ad spend, which rose in almost all reported media, was led by internet, Spanish-Language TV and outdoor, while slight declines were felt in coupon, local newspaper and network radio. The… Continue reading US Ad Spend Rises 5.6% Year-On-Year

The Ofcom Board has announced that Luke Johnson has been reappointed as chairman of Channel 4 for an additional three year term, to last until 2010. Johnson has been chairman since January 2004, during which period the corporation has increased its audience share, attracted positive support for its programme schedule and improved its profitability. The… Continue reading Johnson Reappointed Chairman Of Channel 4

Mediaedge:cia, the media communications specialist company and part of GroupM, has restructured operations, splitting its Investment Division into broadcast and non-broadcast departments. Former head of television, Phil Wise, has been promoted to the role of head of broadcast, which will expand his role and responsibilities to include television, radio and cinema. Meanwhile, Victoria Sangster has… Continue reading Mediaedge:cia Undergoes Restructure

Trinity Mirror has agreed to sell its magazines and exhibitions business Inside Communications Ltd (‘ICL’) for £41.5m. ICL is being acquired by ICL’s existing management team and Ocean Media Ltd, a company set up for the transaction that is backed by private equity firm, Ion Equity. ICL publishes trade and consumer magazines and runs exhibitions… Continue reading Trinity Mirror Agrees To Sell Magazines And Exhibitions Business

Marketing budgets have been revised down for the fifth consecutive quarter as companies seek to reduce costs due to weaker than expected sales, according to the Q2 2006 Bellwether Report, the quarterly survey of marketing spend from the Institute of Practitioners in Advertising (IPA). Of the main marketing categories monitored by the Bellwether survey, main… Continue reading Q2 2006 Bellwether: Marketing Budgets Revised Down For Fifth Consecutive Quarter

Emap’s outgoing chairman, Adam Broadbent, will tell shareholders at today’s AGM that advertising revenues are likely to be down as the market shows signs of softening. Broadbent will say: “Trading in the first two months of the financial year was in line with our expectations, but the trends that are now emerging make us more… Continue reading Emap Expects Ad Revenues To Fall

Global IPTV subscriptions are expected to jump from two million in 2005 to 34 million in 2010, reflecting a compound annual growth rate (CAGR) of 60%, according to The Diffusion Group’s (TDG) latest report, IPTV 2006 – The Future of IP Media. The report says that during this time period North America will experience the… Continue reading Global IPTV Households To Near 34 Million By 2010

BT’s revenues grew by 6% to over £19.5 billion in the past year and profit before tax and specific items grew 5% to nearly £2.2 billion. The figures were revealed today by BT chairman Sir Christopher Bland when addressing the company’s shareholders at the annual general meeting at the Barbican, London. Bland described the year… Continue reading BT Revenues Up By 6% For 2005-06