Honda is withdrawing from Formula One unless a buyer can be found for its team in the next three months. The move is part of a desperate attempt by the Japanese carmaker to cut costs. It is understood that the company informed the 677-strong Honda team last night, and other F1 teams were also told […]
The Independent and The Independent on Sunday have managed slight circulation increases for November, despite recording continued year-on-year falls, according to latest Audit Bureau of Circulations figures. The Independent, which has seen dramatic falls in circulation since raising its cover price to £1, posted a month-on-month rise of 0.05% to 201,113. The publication is down […]
ITV is renaming its on-demand service, currently known as Catch Up, as ITV Player from December 19. The revamp will include a new logo and a support campaign to promote the changes. The rebrand comes just weeks after ITV.com signed a deal with BT to offer the service on BT Vision, the video-on-demand platform. Ben […]
Yell head of marketing communications John Hayward is understood to be leaving the company. It follows the directory company’s recent announcement that it would cut around 350 jobs in the UK. It is understood that several positions within the company, including the marketing department, are also under consultation as part of the cost-cutting measures. Last […]
Julian Carter, group sales director for Guardian Media Group Radio, is leaving the company next year. It is not known if Carter has a job to go to. It comes as Stuart Taylor, the company’s chief executive designate, seeks to appoint a new commercial director and national sales director. It is understood that Taylor wants […]
Hachette Filipacchi is selling its home and interiors magazine Real Homes to Centaur Special Interest Media (CSIM), part of the Centaur Media group which publishes Marketing Week magazine. The acquisition is expected to be completed this month. CSIM’s agreement to purchase the monthly magazine for an undisclosed sum is subject to the completion of the […]
Virgin Group is the latest company to become embroiled in the collapse of high street retailer Woolworths. It is facing up to £100m in liabilities as it steps in to support Zavvi, the chain that was previously Virgin Megastores. Zavvi, which was sold by Virgin to a management buyout a year ago, has been without […]
Viacom International, the owner of MTV, is slashing 850 jobs globally and freezing senior management pay. The move is part of a cost-cutting plan to save up to $250m (£171m) next year. Viacom is also the parent company of Paramount Pictures and TV channels Comedy Central, Nickelodeon and BET. It says the job cuts will […]
It is never easy saying goodbye and certainly not to something that has been a part of our lives and almost a part of tradition. But everything must come to an end, and therefore with a heavy heart it is time to say farewell. Time to say goodbye to a high street institution that was […]
General Motors and Chrysler are understood to be considering accepting a pre-arranged bankruptcy. The troubled carmakers are believed to be considering the move as the last resort to earn the $25bn (£17bn) US government bail-out it has applied for. Reports suggest that members of the US Congress have asked consultants if a pre-arranged bankruptcy – […]
PepsiCo has appointed Jill Beraud to the newly created position of worldwide chief marketing officer. She has most recently come from Victoria’s Secret where she occupied the same role.
Nokia is forecasting a fall in handset sales next year. It expects production to shrink by up to 5% as consumers continue to cut spending. The manufacturer says it is beginning to feel the pinch from slowing economies in Europe and the US, but is experiencing booming demand from emerging markets in Asia and Africa. […]
Culture, Media and Sport Secretary Andy Burnham says the UK and US can dominate online content – but only if they can support and take advantage of their creative industries. Burnham has urged the incoming US administration to establish a “new US-UK dialogue” to help invest and protect creative business. He says that the digital […]
Glue London has been awarded the 30m ad account for mobile operator 3. Glue was already 3’s lead digital agency and will take over lead advertising responsibilities for the operator from incumbent Euro RSCG in January.
The Home Office is launching a 1m anti-cocaine campaign under its anti-drug Frank initiative. The campaign, which shows the dangers of cocaine use, will launch on Channel 4 at 10.15pm tonight (December 4).