Thursday, July 31, 2008
  • Lowe Predicts '08 Profit, IPG Sees 11.5% Boost

    Lowe Worldwide, billed as creative specialists, but a thorn in Interpublic's financial side for some time, looks to return to profitability in 2008. Just about a year ago, the agency lost its GMC business in the U.S., leading to layoffs and further economic hiccups. ...Read the whole story

  • Disney: Broadcast Revs Flat, Ad Model Outdated

    The recent lackluster results for Disney's free-TV operations that the company reported Wednesday were foreshadowed two months ago by company CEO Bob Iger. At an investor event, he offered a stark view of the future of the single-revenue-stream formula that is broadcast TV. ...Read the whole story

  • Comcast Gets 2Q Bounce

    The biggest cable system operator, Comcast Corp., is making some gains against its telco competitors. Comcast's earnings were at $632 million or 21 cents a share, up from $588 million in the second quarter 2007. ...Read the whole story

  • Meredith 4Q: Print, Broadcast Flounder, Net Posts Gains

    Meredith Corp.'s fourth-quarter 2008 financial results hit investors hard. Earnings were more than cut in half from its fiscal 2007 results. All that sent investors scrambling, pushing down the company's stock by more than 8% in midday trading. ...Read the whole story

  • Shake-Up at Time Inc. Biz Titles

    Time Inc.'s struggling business titles got another shake-up Wednesday with two announcements: Fortune Small Business is losing most of its staff and moving to its custom-publishing division, and Money is getting a new publisher. The moves are symptomatic of the major downturn affecting business titles, and indeed, consumer mags in general. ...Read the whole story

  • Knowledge Networks To Provide Viewer Data For Olympics

    Knowledge Networks, a Silicon Valley-based company that conducts consumer research in multiple fields, will serve as a quasi-Nielsen for NBC Universal during the Olympics. KN will provide overnight data regarding time spent consuming Olympic content across NBCU outlets, but also in newspapers and radio where the company doesn't have a presence. ...Read the whole story

  • Cox Radio: The Sound Of 8.3% Rev Loss

    In line with the rest of the radio industry, Cox Radio posted weak results for the second quarter on Wednesday, with total revenues sliding 8.3% to $108 million, as station operating income tumbled 13.6% to $41.3 million. The troubled economy is blamed for the overall declines. ...Read the whole story

  • 'Talent,' Wins, Reality Shows Own Tuesday Night

    Network summer ratings are down 3% this season so far, but two of the summers' biggest shows--NBC's "America's Got Talent" and ABC rookie "Wipeout"--continue to gain or maintain strength on Tuesday night. ...Read the whole story