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Shares in UK media and communications group, Tempus, have soared this morning following reports that French advertising network, Havas Advertising, is to announce a takeover of Tempus for around £400 million (€658 million). According to a report in this morning’s Financial Times, Havas is expected to confirm the takeover tomorrow. Tempus owns UK media buying… Continue reading Tempus Shares Soar On Havas Takeover Reports

Media buying agencies Optimedia and Zenith Media are to be merged by their parent companies, Publicis and Cordiant respectively, creating the world’s fourth-largest media communications group. The resulting business, NewCo, will be UK-based and 75% owned by Publicis and 25% owned by Cordiant. The minimum option price payable for Cordiant’s 25% shareholding in NewCo is… Continue reading Optimedia And Zenith Merged By Parent Companies

Sports.com, a European internet and mobile data provider of sports content, has today announced a further $13 million (£9.3 million) in equity funding from existing investors, including SportsLine.com, Soros Private Equity Partners and IMG. It is expected that the funds will enable Sports.com to continue to implement its business plan and thereby achieve profitability. “Sports.com… Continue reading Sports.com Secures $13m Extra Funding

Two major US newspaper publishers have this week reported declining profits due to fall advertising revenues and a rise in newsprint costs, according to analysts at ABN Amro. Knight Ridder, the second largest newspaper group in the US, saw Q2 profits drop by 85%. The company, which publishes 32 daily titles including the Miami Herald… Continue reading US Newspaper Groups See Profit Falls

Chanel is old enough to know better and Colgate needs to brush up after the Advertising Standards Association (ASA) upheld complaints against both companies.The ASA received objections to a national press advertisement for a Chanel skin care product called “Precision Age Delay”, which claimed to “delay time” and “visibly rejuvenate the skin.”Complainants challenged whether Chanel… Continue reading ASA Upholds Complaints Against Chanel And Colgate

Yesterday was a day of falls on the stock market for media companies, as the IPA’s Bellwether report confirmed the decrease in marketing spend and therefore advertising revenue (see Few Surprises In Bellwether Report). Today is likely to bring a further bruising to confidence, as the press reveals Merrill Lynch forecasts which contradict hopes that… Continue reading Sharewatch

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Outdoor research can be as effective at reaching 10-14 year olds, or “Tweenagers” as 16-24 year olds, according to new research by JCDecaux. POSTAR research shows that the average recall for campaigns among 16-24 year olds is around 60%, while recall among tweenagers for a Muller Corner campaign was found by JC Decaux to be… Continue reading Outdoor Reaches Tweenagers

Cinema, a newfangled miracle at the start of the last century, began this one as decidedly old media. Yet despite an increasing number of rivals for adspend and even the role of showing movies, the medium has held onto, even increased its place in the industry.The last fifteen years have seen a steady increase in… Continue reading Feature: Cinema Is Still Going Strong

News International is to impose charges for websites of the Times and Sunday Times in a move that could prompt a stream of newspaper publishers to follow suit.The-Times.co.uk is the first British newspaper to charge users for the use of its website. Visitors to the site will be charged an annual fee of £10 to… Continue reading Times Online To Charge Users