Jason Heller, the founder and managing director of Horizon Media's interactive unit, is leaving the agency, to join The Laredo Group, a consulting company specializing in online advertising buying and selling, search marketing and optimization. Heller, who became Horizon's chief digital officer in 2005 when he and his partners sold Mass Transit Interactive to Horizon Media, leaves Horizon amid a senior management reorganization that is transforming the world's largest independent media services agency. ...Read the whole story
Meredith Corporation--the publisher of well-known women's lifestyle titles, including Better Homes and Gardens and Ladies' Home Journal--reported a 2% increase in ad revenue and a 8% increase in earnings per share during the second quarter of 2007, compared to the same period last year. Online revenue doubled, and interactive marketing is doing well. On the broadcast front, Meredith Corp. is starting to feel the pinch against previous financial comparisons that included record sales of political advertising in 2007. ...Read the whole story
BEVERLY HILLS, CALIF. -- ABC wanted like to kick-start the next season of "Lost" with some nice Internet marketing buzz--but not with TV critics. It wanted to release news at Comic-Con, the big comic book show--figuring a huge Net response. But theTV critics had other ideas. ...Read the whole story
Chairman-CEO Maurice Levy struck a defensive note upon announcing Publicis' first half results this morning, asserting that the Paris-based agency holding company's tepid organic growth rate does not properly reflect its dynamic digital transformation; strong, but as yet unaccounted for new business gains; and tough comparisons with strong first half 2006 results. ...Read the whole story
Hugh Panero, the controversial CEO of XM Satellite Radio, will leave the company in August. The news, delivered in anticipation of its second-quarter earnings announcement on Thursday, moves up Panero's departure date by at least a few months. ...Read the whole story
Two of the nation's largest newspaper publishers reported substantial drops in ad revenue for the second quarter on Wednesday, reflecting the broader downward trend in the industry. Beyond the immediate implications, both The New York Times Company and Tribune have other reasons to be concerned about the weak results. ...Read the whole story
The Game Show Network has tapped David Goldhill as its new CEO, replacing Rich Cronin who oversaw the re-branding of the network as GSN and took it to profitability during his tenure. Goldhill, who earlier this decade oversaw the USA and SciFi networks, takes over Aug. 1. ...Read the whole story
NBC Universal's executive shuffle continues, with Jeff Gaspin now taking a bigger role as president and COO of Universal Television Group. He will now oversee the 16 O&Os and Telemundo. ...Read the whole story
AT&T plans to begin rolling out its telcoTV service in the Southeast before the end of the year, and also expects to be adding 10,000 subscribers a week by then. While the level increases distribution, it's still below its rivals. ...Read the whole story
Seeking to move beyond banners and other traditional real estate, a popular TV info site is offering networks sponsorship opportunities within the scheduling grids it publishes. ...Read the whole story
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