Each week, NewsLine brings you a round-up of the latest news from the City affecting the media industry.The main City news this week concerned Google as they acquired the online advertising company Doubleclick for £3.1 billion, more than they paid for the video-sharing website YouTube (Full Story).The search engine giant also signed an agreement with… Continue reading Media In The City
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The latest CRR adjudicator’s record shows that ITV broke the Contract Rights Renewal rules once in the past 12 months.The adjudicator’s office was formally asked to rule on three cases involving ITV, ruling against the braodcaster in only one of them.Of the three, one concerned the terms offered by ITV on a line-by-line deal for… Continue reading ITV Broke CRR Rules Once In Past 12 Months
GMTV’s presenters have read out a statement saying the broadcaster had no idea of apparent irregularities by its phone line provider, Opera Interactive Technology, after BBC’s Panorama claimed tens of thousands of calls and texts had no chance of winning.Andrew Castle and Fiona Phillips read out a statement saying: “GMTV knew nothing of this and… Continue reading GMTV Claims It Had No Idea Of Apparent Phone-In Problems
Johnston Press has successfully completed the acquisition of Archant’s Scottish newspaper division for £11.2 million. The purchase was subject to regulatory clearance from the Office of Fair Trading and Johnston Press said today that all the necessary conditions have been satisfied. The purchase was first announced in January, with Tom Bowdler, CEO of Johnston Press,… Continue reading Johnston Press Completes Purchase Of Archant’s Scottish Titles
The results of a recent survey from Q Research show that only 32% of the British 11-20 year olds surveyed would be happy to receive advertising messages to their mobile phones. However, when these youngsters were asked if they would like tor receive advertising messages targeted to the individual recipient, this figure rose to 71%.… Continue reading Some British Teens Happy To Receive Mobile Ads
Hitwise has been purchased for $240 million by credit checking company, Experian Group Ltd. Hitwise is a leading marketing intelligence provider which tracks internet usage and reports on almost a million websites a day. Experian wants to shift its emphasis towards the internet following the purchase. Don Robert, Experian’s chief executive, said: “We have been… Continue reading Experian Purchases Information Company Hitwise
Response to Chrysalis’ auction of its radio operations has not reached the demand levels anticipated, according to reports in today’s Financial Times. Bids were expected from UTV as well as several private equity firms, however these have not materialised, while Guardian Media Group ruled themselves out from the bidding last month. Chrysalis had hoped the… Continue reading Little Interest In Chrysalis Auction
Google’s net profits for the first quarter of 2007 were $1 billion (£500 million), a 69% increase on the same period last year. Its revenue was up 63% to $3.6 billion (£1.8 billion) for Q1, including traffic acquisition costs of $1.1 billion, or 31% of advertising revenues. Revenues from the UK totaled $578 million, representing… Continue reading Google Records Strong Profits Increase
WPP reported a 0.7% decline in revenues to £1.3 billion in the first quarter of the year, with the UK the group’s slowest growing region. However, UK revenues were up by over 2%, which WPP said reflected the significance of market research revenues. Much of the blame for the decline in WPP’s revenues rests with… Continue reading Revenues Decline For WPP
European sales of HDTV and video devices will grow by 158% this year, reaching 28.1 million units, according to new research from the Strategy Analytics Connected Home Devices service. The report, Europe’s High Definition Homes, says that by 2012, 70% of European homes will own at least one HD-capable TV, up from 8% in 2006.… Continue reading European Sales Of HDTV Devices To Reach 28.1 Million Units
