Another Lycos Europe earnings update, another terrible showing. The once-mighty portal, a separate company from Lycos US, swung to a big ?9.8 million ($15.2 million) loss in the half-year to June, from a ?48.7 million ($75.8 million) profit a year ago, after revenues collapsed from ?41.2 million ($64.1 million)...
Some 2.3 million people skanked Radiohead's latest album from BitTorrent sources during the two months it was legally available for free. A research paper from P2P monitor Big Champagne and the UK's MCPS-PRS royalty collection society said the "staggering" number "far exceeds what outsiders have reported as the estimated...
WPP Group continues its steady pace of digital purchases in growing markets today by taking a majority stake in Russian interactive agency Alite Ltd. The company trades as Actis and will be folded into WPP's Wunderman network. The 11-year-old Moscow-based shop employs around 120 staffers. Actis provides strategy, design,...
Former Digitas exec Neal Prescott has been named CEO of WPP Digital's new production services unit, Deliver. The new unit will tie together production services in Asia, Eastern Europe, Latin America and South Africa and work with all of WPP's digital properties, including Actis Systems Russia, AGENDA China,...
-- TNS still resisting WPP takeover: Even though German audience measurement firm GfK has pulled the plug on its bid to merge with British research company Taylor Nelson Sofres, that does not mean smooth sailing for WPP Group's takeover plan. The company is reiterating its complaint that WPP's offer...
UK VOD JV Kangaroo, which was already facing an antitrust inquiry of six months before even launching, is now being delayed by a further month - because the trio behind the venture haven't yet agreed on key terms. The Competition Commission CC, which in June began an investigation in...
We heard this rumor too around the time Facebook sued German clone StudiVZ, but wasn't sure how much credence to put in it...now IHT is reporting this as well. It cites a source that the U.S. company had been negotiating for months to try to buy StudiVZ, but couldn't...
The outlook for UK news publishers is as gray and overcast as this summer's weather has been, as the latest earnings testify. Johnston Press, the country's second largest regional news company with 300 weekly titles and 323 websites, saw pre-tax profit slump 18.1 percent to £62.5 million ($115 million)...
German audience measurement firm GfK appears to be withdrawing its bid for British research company Taylor Nelson Sofres, according to Reuters, which cited a story in Germany's Manager magazine based on unidentified sources. GfK is said to be dropping its bid because Apax, the PE firm that agreed to...
-- Digital now 25 percent of WPP's revs: During the first half of '08, WPP Group's revenue gained 14.3 percent to $6.1 billion (£3.3 billion), despite a worsening ad economy overall. Also, the UK ad holding company said digital now makes up 25 percent of its $13 billion in...
Reed Elsevier (NYSE: RUK) expects the sale of its Reed Business Information trade magazine unit to complete as early as October. In a memo seen by Dow Jones, Marianne van Leeuwen, CEO of the Holland operation, says bids were made for RBI "since last week". "In the first three...
Reed Business Information, the B2B magazine unit of Reed Elsevier (NYSE: RUK), is moving closer to sale, as the bidding enters the second round, after about 12 bidders in its first round. UBS, the bank for RBI, has invited McGraw-Hill (NYSE: MHP), the parent of BusinessWeek, and PE firm...
Reed Business Information, the B2B magazine unit of Reed Elsevier, is moving closer to sale, as the bidding enters the second round, after about 12 bidders in its first round. UBS, the bank for RBI, has invited McGraw-Hill, the parent of BusinessWeek, and PE firm Bain Capital, among others,...
Czech Republic's biggest online portal Seznam is in the process of being sold, at least the majority of it, and the price could reach as much as $900 million, according to local reports. And the names in contention to buy it include domestic media group Mediatel and Google (NSDQ:...
Telefonica's (NYSE: TEF) LE Holding Corporation, the subsidiary through which it owns 32 percent of Lycos Europe, has filed an application for an inquiry in to the "policy and conduct of business" at the once-mighty portal. The complaint was made at the Amsterdam Court of Appeal's enterprise chamber in...
Teletrax, the UK-headquartered TV and online video monitoring and analytics firm, is being completely acquired by Philips, following a board approval by previous owner Medialink Worldwide, the media services firm. Philips currently owns 24percent of the Teletrax, and will assume Medialink's 76 percent ownership stake for a reimbursement of...
Warner Music continues to push beyond recorded music? the struggling label has taken a majority stake in Get In, a Spanish artist management firm, according to Reuters. Terms of the deal have not been disclosed. WMG's core business improved modestly in the latest quarter, but CEO Edgar Bronfman Jr....
So perhaps internet video isn't doing that much damage to traditional TV viewing after all. Broadcasters' Audience Research Board BARB, the UK's official TV audience measurement body, said today that the number of TV ads viewed had increased 6 percent in the first half of this year, compared to...
So perhaps internet video isn't doing that much damage to traditional TV viewing after all. Broadcasters' Audience Research Board BARB, the UK's official TV audience measurement body, said today that the number of TV ads viewed had increased 6 percent in the first half of this year, compared to...
Twitter says it's stopped sending out tweets via SMS in the UK, claiming the popularity of the service has made the cost too prohibitive (but I'm still getting messages). Without Twitter actually having figured out a business model yet, it was always destined to be this way. Though it...
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