NEW YORK/LONDON (Reuters) – The collapse of the $35 billion (20.7 billion pounds) merger of New York-based Omnicom with France’s Publicis is likely to lead the world’s biggest ad agencies to think small as they try to counter the challenge from internet giants like Google.
Since announcing their merger last July, executives from the two firms touted the creation of the world’s biggest ad agency as the best way to gain scale and capital to compete on price and invest in technology as clients squeeze the agencies on cost.
May 8 (Reuters) – News Corp on Thursday made the
interim appointment of Dow Jones Chief Executive Officer William
Lewis permanent as the company opted for a veteran of Rupert
Murdoch’s empire to oversee a turnaround effort.
Lewis, 45, was named to lead Dow Jones, publisher of The
Wall Street Journal, on an interim basis on Jan. 21 after the
abrupt departure of Lex Fenwick, who was formerly chief
executive of rival financial news provider Bloomberg.
(Reuters) – News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz) reported better-than-expected quarterly profit on Thursday as a result of keeping costs in control even though its newspapers still suffered from declines in advertising revenue and subscriptions sales.
For the quarter ending March, adjusted earnings per share was 11 cents, handily beating analysts’ forecasts of 3 cents.
(Reuters) – AOL Inc on Wednesday reported its quarterly profit fell, missing expectations as it sheds businesses and upgrades its advertising operations, sending its stock tumbling 22 percent.
The digital and media entertainment company posted first-quarter adjusted earnings per share of 34 cents, falling far short of the average analyst estimate of 45 cents and overshadowing growth in revenue and advertising sales.
May 7 (Reuters) – AOL Inc on Wednesday reported its
quarterly profit fell, missing expectations as it sheds
businesses and upgrades its advertising operations, sending its
stock tumbling 22 percent.
The digital and media entertainment company posted
first-quarter adjusted earnings per share of 34 cents, falling
far short of the average analyst estimate of 45 cents and
overshadowing growth in revenue and advertising sales.
April 24 (Reuters) – Pandora Media Inc reported a
better-than-expected rise in first quarter revenue on Thursday
because advertisers picked up spending on the online streaming
Total revenue rose almost 70 percent to $194.3 million,
beating analysts expectations of $175 million, according to
Thomson Reuters I/B/E/S.
April 24 (Reuters) – Facebook said on Thursday that
it has created a newswire tool tailored to journalists, part of
a broader effort to be the go-to place for conversation for its
1 billion users.
Called FB Newswire, it is designed to help journalists share
and embed newsworthy Facebook content that is made public by its
members such as photos, status updates and videos. (www.facebook.com/FBNewswire)
NEW YORK/LOS ANGELES (Reuters) – (Corrects Internet Advertising Bureau to Interactive Advertising Bureau)
Technology powerhouses like Microsoft Corp (MSFT.O: Quote, Profile, Research) and AOL Inc (AOL.N: Quote, Profile, Research) are flexing their muscles as storytellers, parading TV network-style shows before advertisers at an annual digital content showcase in New York next week.
(Reuters) – The New York Times Co on Thursday reported an almost 3 percent rise in first quarter total revenue on increases in advertising sales – a first for the company in several years.
The 3.4 percent increase in print and digital advertising revenue marks a milestone for the company that has been plagued by many quarters of declines as marketers choose to spend their budgets elsewhere.
NEW YORK (Reuters) – AOL is making a push into China with its digital video studio Makers, which struck a partnership on Thursday with that country’s privately held Sun Media Group.
This is AOL’s biggest effort in China since it was spun out from Time Warner Inc almost five years ago.