Shares in publishing company Informa fell 8.7 percent in early trade on Friday after it rejected a reduced takeover offer from a private equity consortium.
Private equity firm Blackstone has joined a consortium bidding for Informa, but an industry source said the group was no longer prepared to pay its original price for the British publishing firm.
Newspaper and communications group Independent News & Media posted a drop in first-half earnings as expected on Wednesday and said full-year profit should meet consensus forecasts for a slight fall.
Regional newspaper group Johnston Press missed market expectations for first-half sales as advertising revenues dropped 10 percent but beat profit forecasts thanks to cost discipline it said it would maintain.
Market research group Taylor Nelson Sofres again rebuffed a 1.1 billion-pound hostile bid from WPP after preferred suitor GfK dropped its takeover attempt on Wednesday.
Advertising group WPP's like-for-like sales grew 4.3 percent in the first half thanks to strong growth in emerging economies, beating market forecasts, and the company raised its interim dividend by 20 percent.
ITV, Britain's biggest free-to-air commercial broadcaster, said its net advertising revenues (NAR) were flat in the first eight months compared with a fall of about 1 percent in the market and cut some mid-term targets in light of economic uncertainty.
Media watchdog Ofcom fined the BBC 400,000 pounds on Wednesday, the largest financial penalty it has ever issued against the public broadcaster, for misleading the public through fake quizzes and competitions.
Pearson Plc said on Monday that its sales had risen 14 per cent to £1.965 billion in the first half of the year. The publishing firm said that its operating profit also increased 38 per cent to £124 million in the period.
Vivendi's Universal Music has signed an exclusive, long-term worldwide recording agreement with The Rolling Stones, in a deal that will be a blow to the band's previous record company EMI.
Daily Mail and General Trust said on Wednesday that its revenue increased five per cent in the third quarter ended 30th June, compared with the same period last year.
Yahoo will appoint activist investor Carl Icahn and two of his nominees to its board, settling a proxy battle and making an immediate transaction with Microsoft less likely.
ITV Executive Chairman Michael Grade has been approached by "interested parties" over the possible sale of BSkyB's stake in the free-to-air broadcaster, a source familiar with the matter told Reuters.
A joint takeover offer by Microsoft and investor Carl Icahn has been rejected by internet firm Yahoo.
GfK Holdings AG said on Thursday that there was no certainty that it would make an offer for market research company Taylor Nelson Sofres (TNS).
Media firm WPP said on Wednesday that it was increasing its offer for market research company Taylor Nelson Sofres (TNS). WPP said it was willing to pay £1.08 billion for the company's entire issued share capital.
Recruitment firm Michael Page International said on Monday that its gross profits had gone up 26 per cent in the second quarter to £152.4 million.
Taylor Nelson Sofres (TNS) said on Thursday that it had rejected an improved bid of £1.08 billion from WPP Group. The marketing research company said the offer substantially undervalued the group.
Trinity Mirror Group said on Monday that it expected full year profits to be 10 per cent lower than expected. The newspaper publishing group said the drop was due to the deteriorating advertising market.
Moneysupermarket.com said on Thursday that it expected its first half results to meet expectations. The price comparison site said that trading conditions in its Money division "remained extremely challenging, especially in loans and mortgages, which on a monthly basis continued to worsen throu...
