Havas has reported a rise in net income of 25% for 2008, to €104 million, with net debt down to €79 million. The group, whose operations include Euro RSCG, Havas Media and Arnold Worldwide, saw organic growth grow 4.7% while its operating margin was 12.1%, up from 8.2% in 2006. Havas said that its new… Continue reading Havas reports strong performance in 2008
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A new US study has found that light PC internet users are 30% more likely than heavy PC internet users to use their mobile devices to access online content. The results of the comScore study show that, in total, 42 million people in the US used their mobile devices in October 2008 to access news… Continue reading Light PC internet users more likely to go online via mobile than heavy PC internet users
David Evans, business director at MediaTel.co.uk, looks at the current health of the magazine market and asks whether it can withstand the pressures of the recession…The breaking news that Arena has been suspended, along with the announcement last week from NatMags regarding staff cuts shows that the recession is beginning to hit home in the… Continue reading What next for magazines?
ITV1’s Dancing on Ice triumphed in the TV ratings battle last night, with a peak of 9.9 million watching the first of two Sunday night shows.The first instalment of Dancing on Ice, on from 7pm to 8.15pm, picked up a 37.4% share of the audience, while the skate-off, which saw Emmerdale star Roxanne Pallett voted… Continue reading Dancing on Ice picks up a peak of 9.9m viewers
Bauer Media has appointed Dasha Zhukova as editor-in-chief of POP magazine, which has recently moved to new offices in London and Berlin.Zhukova, the co-founder of fashion label Kova & T and Roman Abramovich’s girlfriend, is set to work alongside editorial director Ashley Heath, who co-launched POP in 2000.She replaces Katie Grand, the founding editor of… Continue reading Bauer appoints Zhukova as new editor of POP
AOL is launching a new classifieds website that will allow consumers to search through millions of local classifieds listings for every postcode in the UK.AOL Classifieds has been developed in partnership with Oodle, which operates the largest network of classifieds services in the US.Sellers are able to promote their listings by leveraging the reach of… Continue reading AOL launches classifieds website
Microsoft has signed a deal with NBC Universal to expand the film hosting service on its XBox 360 games console.The deal will enable Xbox users to download a choice of 30 Universal movies and watch them in high-definition.Universal follows Paramount Pictures and Warner Bros in agreeing Xbox movie deals with Microsoft.Microsoft has also announced plans… Continue reading NBC Universal signs Xbox 360 movie deal
BT is in talks with Channel 4 over a possible merger of its television subsidiary BT Vision with the broadcaster.Luke Johnson, chairman of Channel 4, said he would fully support a merger between Channel 4 and BT Vision, according to a report in the Sunday Telegraph.Johnson said that a merger offered a “certain logic”. “A… Continue reading BT in merger talks with Channel 4
Investor Peter Thiel has revealed that Facebook was in takeover talks with Twitter last autumn, although disagreements over price and structure scuppered a deal.Twitter would have been paid for with Facebook stock, however, the two sides could not agree on a valuation of the company.In 2007, Microsoft bought preferred stock in Facebook valuing the company… Continue reading Facebook tried to buy Twitter
Pearson, owner of the Financial Times, has reported an increase in sales and operating profits for 2008. The company, which also owns Penguin books, saw its strongest profit growth at the FT Group, up 13%. Online showed impressive growth for the FT Group last year, with 67% of revenues coming from digital services, up from… Continue reading Pearson reports increase in sales and operating profits
