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Omnicom’s net profit for the third quarter of 2007 increased 14.2% to $202.2 million, from $177.1 million in the third quarter of 2006. Worldwide revenue increased 11.8% to $3,101.4 million from $2,774.3 million in the third quarter of 2006. Domestic revenue for the third quarter of 2007 increased 7.4% to $1,654.9 million. International revenue increased… Continue reading Omnicom Net Profit Up 14.2%

Online auction sites, in particular eBay, are the main retail beneficiaries of the social networking phenomenon, according to new research from Hitwise, receiving 31.4% of all downstream traffic that social networks send to shopping and classifieds sites.The online intelligence service added that the more traditional retail categories – department stores and apparel and accessories sites… Continue reading Online Auction Sites Main Retail Beneficiaries Of Social Networking

Virgin Media has unveiled a range of new kids, entertainment and movie channels for its television line-up. The channels – from CSC Media Group Ltd (CSC) and Sparrowhawk Media Group – launch this month.From today, Virgin Media TV customers will be able to enjoy Diva TV and Movies 24+, from Sparrowhawk Media Group. Diva TV… Continue reading Virgin Media Unveils New Channels

US online holiday retail sales will grow to over $39 billion in 2007, an increase of 20% over last year’s holiday season, according to a new forecast from JupiterResearch. According to a new JupiterResearch report, US Online Retail Holiday Forecast, 2007, a record 126 million users, a 6% increase over last year, will buy online… Continue reading US Online Holiday Retail Sales To Reach $39b

CBS Outdoor has won the five-year £100 million contract to manage advertising for Arriva buses in the UK until 2012.With almost 20% of the London market, Arriva is one of the largest bus operators in the capital with a fleet of 1,500 vehicles. It is also one of the top three bus operators in the… Continue reading CBS Outdoor Wins £100 Million Arriva Bus Contract

Alex Burmaster, European internet analyst, Nielsen Online, examines the television over the internet phenomenon, and looks at who’s winning the battle for viewers.There has been much activity from the major media players in the quest for the TV-over-internet grail, as well as much speculation as to what degree people will actually watch TV over the… Continue reading Is TV On-demand In Demand?

Emap Advertising has announced a major advertising deal with T-Mobile to support the mobile network’s ‘Top Up Friday’ offer and help drive customers in-store pre-Christmas.The three-month, cross-platform deal is worth over £500,000 and involves Emap’s Heat, FHM, Zoo, Kiss, The Hits and More brands. The campaign kicks off on October 22.T-Mobile has signed a deal… Continue reading Emap Advertising Launches Cross-Platform Campaign For T-Mobile

GCap Media has announced a multi-station deal with Intel starting at the end of October and running until the end of December which will promote Intel Centrino Duo processor technology. The multimedia activity will run across the Xfm, Classic FM, Choice and Capital 95.8 websites.The campaign will see Xfm and Classic FM present a series… Continue reading GCap Announces Multi-Station Intel Promotion

England might have been beaten in the Rugby World Cup final, but they battled hard and made the nation proud, with one of the main talking points a disallowed try that could have swung it in England’s favour.However, it was not to be, and South Africa were crowned champions of the world after a tense… Continue reading 4.1 Million ABC1 Men Watch South Africa Win Rugby World Cup

Last week in the City we saw WPP announce that its third quarter revenues were up 4.9% to £1.48 billion.The group reported constant currency growth of 5% in the UK, compared with 3.7% in the first half, whilst North American revenues were up 8%, compared with 8.3% in the first half (Full Story).Search engine giant… Continue reading Media In The City: WPP’s Q3 Revenues Up 4.9%