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BT has announced that it made a first quarter profit of £613 million, down 7%, on revenues of £5.17 billion. BT Global Services increased revenue by 13% with growth of 33% outside the UK, while BT Retail recorded revenue growth of 3% and double digit profit growth. The company added 103,000 new broadband customers in… Continue reading BT Announces £613m Profit In Q1

Investment bank Cowen has lowered its estimate for US online ad market growth to 16% year on year, from its previous projection of 19%. Cowen forecasts that the US search market will grow 22%, with Google predicted to account for 45% of the incremental growth in the US online ad market in 2008, compared with… Continue reading US Online Ad Market To Grow 16%

Digital Cinema Media (DCM), the new owner of Carlton Screen Advertising, has awarded the contract for its foyer and washroom advertising to outdoor firm Boomerang Media. DCM, a joint venture between cinema chains Odeon Cinemas and Cineworld, bought Carlton Screen Advertising from ITV for £500,000 in March. The Boomerang Media deal includes more than 600… Continue reading DCM awards foyer contract to Boomerang Media

Guardian Media Group’s pre-tax profits for the year ending March 30 hit £306.4 million, up from £97.7 million in 2007. GMG said that this was due to the £334.8 million sale of its 49.9% stake in Trader Media Group to private equity firm Apax Partners in March 2007. GMG went on to partner with Apax… Continue reading GMG Profits Above £300m Following Trader Media Sale

The latest quarterly figures from the Mobile Data Association reveals that 1.4 billion text messages are sent every week in the UK. Mobile internet has seen steady growth in the UK; 16.5 million people accessed the mobile internet in May 2008, representing a 25% growth since May 2006, indicating an average 4,500 new users every… Continue reading 1.4bn Text Messages Sent Each Week In The UK

The chief executive of Guardian Media Group has said that regional newspaper businesses will have to be “financially recalibrated” because they will have substantially smaller margins in the future.Speaking to the Financial Times, Carolyn McCall said that although she now had different expectations of GMG owned titles such as the Manchester Evening News, she was… Continue reading GMG Boss Predicts Substantially Smaller Margins For Local Press

Ofcom has fined the BBC a total of £400,000 for faking winners and misleading audiences in phone-in competitions on shows including Comic Relief and Children in Need.It is the highest financial penalty to be imposed by Ofcom against the BBC, though falls well below the £5.675 million that Ofcom hit ITV with in May for… Continue reading Ofcom Fines The BBC A Record £400,000 For Latest Competition Scandal

Channel 4 was the UK’s fastest growing website in June, according to comScore’s June rankings of the largest and fastest-growing internet properties and site categories.Based on data from the comScore World Metrix audience measurement service, comScore’s rankings reveal modest increases in the entertainment news, retail fragrances/cosmetics, retail jewelry/luxury goods/accessories, and careers services and development site… Continue reading Top UK Web Rankings for June 2008

Ofcom has dismissed the idea of giving Channel 4 a stake in BBC Worldwide as a way of plugging its funding shortfall, according to a leaked draft of its phase two public service broadcasting review.The industry regulator is thought to have said in its recommendations that giving Channel 4 a share of the BBC’s commercial… Continue reading Channel 4’s Proposed Share In BBC Worldwide Is Dismissed

eBay has launched an international business division at its headquarters in Bern, Switzerland, in an attempt to encourage advertisers to take advantage of the site’s global reach.The division will be responsible for looking after clients who want to reach eBay’s global audience, which is estimated to be at around 80 million users, according to reports.Advertisers… Continue reading Ebay Sets Up New International Advertising Division