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Interpublic Group has reported a 5.6% year on year drop in revenues for the first three months of the year. Total revenue for the first quarter was $1.33 billion (£910 million), down from $1.49 billion in the same period in 2008. Michael Roth, Interpublic chairman, said: “To date this year, we’ve continued to see the… Continue reading Interpublic Group suffers 5.6% drop in revenue

WPP has reported a 5.8% year on year fall in like-for-like revenue for the first three months of the year. However, its UK operations increased revenue by 16% year on year in the first quarter, totalling £251.1 million. Global revenue rose by 36% to £2.12 billion compared with £1.6 billion in the first three months… Continue reading WPP reports first quarter 5.8% fall in revenue

Direct and indirect revenues from mobile applications are expected to top $25 billion globally by 2014, according to a new report from Juniper Research. The report found that while the overwhelming majority of application (app) revenues are currently accrued from one-off downloads, the increasing utilization of in-app billing to enable incremental revenues from additional mobile… Continue reading Revenues from mobile applications expected to top $25bn by 2014

Independent News & Media has seen two of its biggest shareholders offer £27 million of their own cash to secure refinancing for the ailing group. Sir Anthony O’Reilly and Denis O’Brien have put up the cash to help renegotiate a €200 million bond before a mid-May deadline. INM’s advisors hope to convince investors to roll… Continue reading Independent News & Media shareholders attempt to secure refinancing

The US market for online video is forecast to grow by 32% this year, rising from $531 million in 2008 to $699 million in 2009. According to the latest forecast from Magna, this growth will come as marketing budgets are being reduced across industries, leading advertisers looking to reach their consumers in a more targeted… Continue reading US market for online video forecast to grow 32% this year

Broadband information service Point Topic has increased its forecast for the number of fixed broadband lines in the world by the end of 2009 from 493 million to 496 million. The five-year forecast for the end of 2013 has gone up from 683 million to 695 million. Tim Johnson, chief analyst at Point Topic, said:… Continue reading Global broadband lines to reach 496m by end of 2009

Britain’s Got Talent peaked on Saturday night with a high of 12.8 million viewers and an impressive 52.3% average audience share between 8pm and 9pm.Around 12.2 million average viewers tuned in for the third audition show, hosted by Ant and Dec, which saw more acts perform to judges Simon Cowell, Piers Morgan and Amanda Holden… Continue reading Britain’s Got Talent peaks with 12.8m viewers

The BBC and commercial radio representatives are set to announce a new partnership initiative today, in a bid to secure the future of digital radio.The joint venture will see the BBC, RadioCentre and members from Global Radio, Bauer Media and GMG, establish a Radio Council, which will aim to bring the industry together in order… Continue reading BBC and commercial radio announce new digital partnership

Three Northcliffe Media titles in the east Midlands have dropped their final city editions and moved to full overnight printing.The Derby Evening Telegraph is set to become the Derby Telegraph – a single overnight edition – while the Leicester Mercury and the Stoke Sentinel have each dropped from four to three editions a day.The Stoke… Continue reading Three Northcliffe titles cancel final city editions

Global Radio’s chief executive has urged the government to set a date for the radio digital switchover and back the industry in Lord Carter’s Digital Britain report.Speaking at the Radio Reborn conference in London today, Stephen Miron said the industry had been “too slow to embrace change” and called on the Lord Carter to focus… Continue reading Global chief urges ministers to set digital switchover date