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The big City news last week was Dow Jones agreeing to a takeover by News Corporation in a deal worth approximately $5.6 billion (£2.8 billion).The deal followed months of wrangling, with the News Corp offer of $60 per share eventually being accepted by the Bancroft family, who control 64% of Dow Jones voting stock (Full… Continue reading Media In The City: Dow Jones Agrees Takeover

Virgin Media could reveal it has shed 60,000 subscribers during the second quarter of 2007, in its results presentation due on Wednesday.The Mail On Sunday claims 40,000 of the subscribers made the decision to leave the service because they were no longer able to get some Sky channels on Virgin’s cable TV service. The remainder… Continue reading Virgin Could Shed Another 60,000 Subscribers

The Advertising Standards Authority (ASA) has warned advertisers not to make ‘green’ claims that they cannot support.The ASA says that over the past few months it has investigated and upheld seven complaints against advertisers who have made unsubstantiated environmental claims.It is attempting to raise consumer awareness on the subject and remind advertisers of the rules… Continue reading ASA Warns Advertisers Over ‘Green’ Claims

A survey by consumer group Which? has revealed that there is a big gap between advertised broadband speeds and the actual speeds users can achieve.Tests of 300 customers’ net connections revealed that the average download speed of packages promising speeds of up to 8Mbps (megabits per second) was 2.7Mbps.Which? has called on regulator Ofcom and… Continue reading Which? Reveals Gap In Advertised Broadband Speeds

Last night saw ITV1’s Blue Murder win the 9pm ratings battle, with the crime drama picking up a peak of 3.9 million adult viewers (a 20.3% share of the audience).Janine (Caroline Quentin) witnessed a hit and run incident which left a schoolgirl badly injured, and an average of 3.8 million adults stuck with the programme… Continue reading Good Night For Blue Murder

ACP-Natmag, a joint venture between UK and Australian publishers, is attempting to boost the circulation of women’s weekly Reveal, with a £3 million advertising campaign.The push, created by an in-house team trading under the name You, Me and Victor, coincides with the third anniversary of the mag and will break on 6 August. Media is… Continue reading ACP-Natmag Reveals £3 Million Ad Campaign For Women’s Weekly

Graeme Oxby has been appointed managing director of Virgin Mobile, replacing Alan Gow who announced he would be stepping down in June.Oxby will report to Neil Berkett, Virgin Media’s chief operating officer and will take up his new role on September 3.Last week it was revealed that Virgin Mobile is to drop its mobile TV… Continue reading New MD For Virgin Mobile

Mobile network operators and device suppliers need to “cross the marketing chasm” if they are going to grow mobile internet into a big consumer market, according to the Mobile Broadband research being carried out by Point Topic and YouGov. Tim Johnson, chief analyst at Point Topic, said: “Just as with mobile phones and the early… Continue reading Mobile Internet Needs To Cross “Marketing Chasm”

Trinity Mirror has announced that its operating profit for the 26 weeks ending July 1 increased by 5.9%, reflecting the benefit of a more stable advertising environment and tight cost management. Revenue was broadly flat for the period, reflecting improving market conditions, with underlying digital revenues growing by 23.7%. However, the group said that expectations… Continue reading Trinity Mirror Operating Profit Up

US online consumer spending was up 23% year on year in the second quarter of 2007, according to new figures from comScore. The biggest gains were enjoyed by sales of consoles and video games, up by 159% year on year, with sports and fitness (58%), consumer electronics (51%) and event tickets (44%) also experiencing year… Continue reading US Online Consumer Spending Increases