Yahoo! and Microsoft agree search and advertising deal

Yahoo! and Microsoft have finally come to terms on a search and advertising deal after months of rumours and conjecture, writes ClickZ. Under the deal Microsoft’s new search engine Bing will become the default search engine on Yahoo! for the next ten years....

Amazon buys Zappos, plans ads on Kindle

Amazon is buying online shoe retailer Zappos for $928m (£562m), writes Brand Republic. Amazon founder Jeff Bezos announced the deal on YouTube, while Zappos founder Tony Hsieh simultaneously reported it on Twitter. Zappos grossed almost $1bn (£606m) in 2008 and is...

Global ad spend to reach $421bn in 2009

Global adspend is on course to reach $421bn (£255bn) during 2009 according to the latest figures from PricewaterhouseCoopers (PwC), writes eMarketer. This represents a 12.1% fall on 2008 when global adspend totalled $479bn (£291bn), according to the firm. PwC expects...

29.4m Brits visited social networking sites in May 2009

Newly released data from comScore World Metrix has found that 80% of all UK internet users (29.4m people) visited at least one social networking site during May – a 9% year-on-year rise. On average, visitors spent 4.6 hours during the month visiting social...

Google quarterly profits reach $1.5bn

Google has reported post-tax profits of $1.48bn (£901m) for the last quarter – an increase of 18%, writes Brand Republic. Revenues reached $5.52bn (£3.36bn) – up 3% from the previous quarter. International revenues accounted for over half of all...

Facebook audience: 250m users

Facebook announces a quarter of a billion people now have profiles on its rapidly expanding platform, writes The Daily Telegraph. CEO Mark Zuckerberg pledged continued product development: “As we celebrate our 250 millionth user, we are also continuing to develop...

FT expecting online content charges to grow

With the financial crisis in the newspaper industry deepening, many will be taking comfort from Lionel Barber – the FT’s editor – who last week confidently declared that “almost all” newspaper will be charging consumers for their content in...

Newsquest: classified revenue collapse continues

The collapse of classified advertising revenues has been accelerated by recession, but in spite of the hopes of most publishers they will never recover – and the pricing structures for online classifieds will never make up for the shortfall. Here in the UK,...

Who should Twitter: The rise of the ‘Twinterns’

An increasing number of companies are entrusting interns with their corporate Twitter feeds, writes MSNBC. One such firm, Pizza Hut has employed their first official ‘Twintern’ at their headquarters in Dallas. Alexa Robinson, 22, was selected out of thousands of...

Search marketing records lowest drop in Bellwether

Total UK advertising budgets were revised down for the seventh consecutive quarter according to the latest Bellwether report, with only 10% of firms planning to spend more in 2009 (against 38% planning to cut budgets), writes Media Week. Online search remained the...

Display ads generate online brand and site searches

The number of internet users who respond to display ads by carrying out search queries is almost as high as those who repond by clicking directly on the ads themselves, according to new research from iProspect. Internet users respond to display ads as follows: 31%...