Media In The City: Future Announces Pre-Tax Profit

This week, Future announced a pre-tax profit of £8.6 million for the six months to March 31 this year.

The publisher added that its revenues from continuing operations were down 11% year on year, at £95.3 million (Full Story).

Meanwhile, Publicis bought the French digital agency Business Interactif for €137 (£92 million), and will merge it with its own digital advertising operation, Digitas, which it acquired last year (Full Story).

Aegis also announced a purchase, having signed an agreement to acquire mobile marketing company Marvellous Mobile.

Marvellous Mobile’s services cover creative, design, build, hosting and measurement, and it has developed its own proprietary global technology platform, known as MHub (Full Story).

Finally, News Corporation revealed that it is to sell nine of its 35 Fox TV stations. The company said that it will not be selling any stations in the cities where it has two stations.

The news of the sell-off comes as News Corp is in the middle of negotiating a £2.5 billion takeover of Dow Jones, publisher of the Wall Street Journal (Full Story).

MediaTel INSIGHT subscribers can click on the links above to read the full stories.

For more information about MediaTel INSIGHT please email: insight@mediatelgroup.co.uk or visit the address below.

MediaTel INSIGHT: 020 7439 7575 www.mediatelinsight.co.uk