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Each week, NewsLine will be bringing you a round-up of the latest news from the City affecting the media industry.This week saw WPP announce a rise in pre-tax profits of 14.5% to £766.3 million for 2006.As well as the financial announcement from the world’s second largest advertising group, it was also revealed that Italian telecoms… Continue reading Media In The City

BSkyB rival Virgin Media has signed a deal to offer ratings winner Lost on-demand, which could help to retain Virgin’s cable customers if some of Sky’s channels are pulled from Virgin’s TV package.Seasons one and two of the award-winning series will be available in August on the company’s TV-on-demand service, which lets viewers choose from… Continue reading Virgin Media Nabs Lost For On-Demand Service

The Financial Times and its website recorded a £9 million increase in profits last year to £11 million, according to parent company Pearson’s preliminary full year results. FT advertising revenues were up 9% with rapid growth in online, luxury goods and corporate finance categories, all up more than 30%. The FT and its website also… Continue reading FT Records £9 Million Increase In Profits

Sky’s operating profits could be reduced by £15 to £20 million if the satellite broadcaster cannot reach a deal with Virgin Media over its basic channel package. This figure includes the four months between now and the end of Sky’s financial year on June 30. It was reported on Friday that Sky was to remove… Continue reading Sky’s Profits Could Be Hit By Virgin Channel Row

Downloading TV content via the internet is set to become this year’s broadband phenomenon, according to price comparison website, uSwitch.com. USwitch.com says that internet protocol television (IPTV) is changing the way consumers watch television, with the average UK broadband user already spending 30 minutes a week downloading films and a further 23 minutes a week… Continue reading IPTV To Take Off In 2007

A new report has revealed that US wireless internet users show a deeper engagement with cyberspace. The Pew Internet and American Life Project said that 54% of internet users check e-mail on a typical day, compared to 72% of wireless users. The survey asked 798 US internet users about their wireless habits and sampled almost… Continue reading US Wireless Internet Users Show Deep Engagement With Cyberspace

WPP’s pre-tax profits rose by 14.5% to £766.3 billion in 2006, with the company reporting total revenues of £5.9 billion for the year, up 10%. WPP’s like-for-like revenue growth was up by 7.2% in the fourth quarter of 2006. In a statement, the group said: “The group’s financial performance in the year more than mirrored… Continue reading WPP Records Profits Rise

Worldwide advertising and marketing services spending is set to rise by at least 4% this year, according to advertising giant WPP. It said that worldwide economic conditions seem set to continue to show steady growth in 2007, although concerns remain over the Middle East, oil and commodity prices and the twin deficits of the US… Continue reading Global Advertising Spend To Rise This Year

The Institute of Practitioners in Advertising (IPA) has said that it is disappointed by Ofcom’s decision to extend the restrictions for HFSS advertising aimed at children, claiming the new rules are flawed.Marina Palomba, IPA’s legal director, said: “The IPA is disappointed but not surprised at Ofcom’s decision to extend the broadcast advertising scheduling restrictions from… Continue reading IPA Claims New Ofcom HFSS Rules Are Flawed

Five has restructured its programming team and is searching for a director of programmes for its main channel.The new director of prgrammes will report directly to Five managing director of content, Lisa Opie, with the restructure intended to simplify the reporting structure under her.Sport, news and current affairs, factual entertainment, comedy, and children’s programming will… Continue reading Five Restructures Programming Team