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AOL is to buy leading social networking website Bebo in an $850 million (£417 million) cash deal.Bebo, founded by Michael and Xochi Birch in 2005, claims to have 11.4 million unique users in the UK and a worldwide membership of more than 40 million.In a statement released this afternoon, AOL said that the deal would… Continue reading AOL To Buy Bebo For $850m

Trinity Mirror is to roll out its hyper local community websites nationwide, beginning with two Coventry sites in April.The Coventry websites, which launch in the Coventry Telegraph‘s circulation area in April, will feature user-generated content including readers’ blogs and photos, and follow a successful pilot in Teesside.Trinity Mirror launched 22 postcode-specific hyper local websites in… Continue reading Trinity Mirror Expands Hyper Local Offering

Channel 4 is intending to move further into the digital media realm with an investment of £50 million in new format expansion as part of the broadcaster’s vision for its future.Chief executive, Andy Duncan, has unveiled the “Next on 4” blueprint for the broadcaster’s role in public service broadcasting, outlining how C4 intends to expand… Continue reading Channel 4 To Extend Digital Media Expansion

Ofcom has abandoned plans for a new Public Service Publisher, saying the suggestion had served its purpose in the debate on the future of public service broadcasting by emphasising the importance of digital media.Chief executive, Ed Richards, told the Royal Television Society that the growing consumption of online content “validated Ofcom’s original PSP argument”.He said:… Continue reading Ofcom Abandons Plans For PSP

Clear Channel Outdoor UK has promoted group sales director, Rob Atkinson, to the position of UK managing director, with responsibility for driving the expansion of the company in Britain.Atkinson will report to regional president for the UK, Ireland and North Africa, Barry Sayer, and will be in charge of promoting greater synergy across all areas… Continue reading Clear Channel Outdoor Promotes Atkinson To UK MD

The BBC has said that the revamp of its digital station, BBC Three, has lured more young viewers to the channel after only a month.The corporation said share amongst 16-34s over the past month was 3.9% – a 44% rise from the same time last year. This is the highest share for 16-34s amongst all… Continue reading BBC Three Reports Positive Results Following Revamp

In 2007, global TV shipments rose 4% to almost 200 million units, worth over $100bn, and growth will accelerate to reach 280 million units, worth $160bn, by 2012, according to a new report from Understanding & Solutions. The global TV boom is being powered by consumer desire for flat panel TVs and growth in emerging… Continue reading TV Shipments To Exceed 280m Units By 2012

The combination of greater 3G adoption and a marked increase in rich media, made-for-mobile content will drive mobile entertainment revenues to $47.5 billion by 2010, according to a new report from Juniper Research. However, the Juniper report cautions that entertainment service adoption will be retarded unless improvements are made in areas such as the user… Continue reading Mobile Entertainment Revenues To Reach $47.5bn By 2010

MySpace, the social networking website owned by News Corporation, is launching an advertising system in the UK that targets consumers using the personal information on their profile pages.Travis Katz, the senior vice-president and general manager for international at MySpace, said the “hyper-targeting” system was already popular with advertisers in the US, reported the Guardian.The new… Continue reading MySpace To Launch Targeted Ad System

The Sun is planning an extensive redesign which will see it move closer in look to News International freesheet thelondonpaper, according to a report.The Guardian reports that the changes, which will be introduced over the next two months, will include colour-coded sections and a more modern design.It is understood that the Sun is planning to… Continue reading The Sun Planning Extensive Redesign