AOL beats expectations despite loss- ad revenue grows 8%

AOL has reported better-than-expected results for the third quarter, with a sharp rise in ad revenue. For the quarter, AOL posted revenue of $531.7 million, down 6% from a year ago, but above the Street at $524 million. Advertising revenue actually grew 8%, to $317.7...

Next boosted by online shopping as high street sales slump

High street clothing giant Next has said strong online growth has compensated for a faster decline in sales through its shops. Next said revenues in its 520 stores fell by 3.3% in the three months to October 29, compared with a 1.8% fall in the previous six months....

Yahoo buys ad technology firm Interclick for £169m

Yahoo has bought ad technology firm Interclick for $270m (£169m), as it looks to boost its ailing online advertising business. Interclick, with annual revenue of about $102m, helps advertisers identify online target audience through its open segment manager analytics...

Google revamps TV service to integrate Android

Google has unveiled the second-generation of its Google TV software, powered by Android. The revamp features simplified controls, improved search, slicker integration with video-sharing service YouTube and the option to add applications made by outside developers. The...

Australia report: Top web categories and ad networks

Google Ad Network remains the top ad network in Australia, followed by Adconion and ValueClick, according to new data. The study, from comScore looked at the top Internet activities and ad networks in Australia from its comScore Media Metrix service. The report found...

UN wants half the developing world online by 2015

The United Nations has called on world leaders to ensure that at least half the developing world’s population and 40% of households in developing countries are using broadband Internet by 2015. Consumers in all countries should have access to affordable broadband...

SeeSaw video-on-demand site shuts down after 2 years

UK TV-on-demand website SeeSaw, has been closed down afer failing to renew content licenses. The website had been online less than two years, offering content from BBC Worldwide, Channel 4, Channel Five and several production companies. A group of investors led by...

Mobile now drives nearly 5% of UK traffic

Smartphones and Tablets are now accounting for nearly 55 of all web traffic across the 5 leading European countries, according to new research. The study, from comScore, looks at mobile use across the UK, Germany, France, Spain and Italy (referred to as the ‘EU5’). It...

Google debuts AdWords Express for UK small businesses

Google has made its AdWords Express available in the UK and Germany, as the internet giant targets small businesses with a simpler and faster way to advertise on its search ad network. The service, which was launched in the US in July, is designed for “local...

Sony pays €1bn for full control of Sony Ericsson

Sony is to pay Ericsson more than €1bn to gain control of the companies’ 50-50 joint venture for mobile phones and tablets, Sony Ericsson. LM Ericsson and Sony will now go separate ways, ending a decade-long mobile phone manufacturing partnership. The move will...

Top 10 entertainment properties in Europe

YouTube, VEVO, MTV owners Viacom and iTunes are the most popular entertainment web properties in Europe, according to new research. The study, from comScore, indicates that in August 2011, 345.8 million European unique visitors went to Entertainment properties, an...

Nokia debuts first Windows 7 smartphone ‘Lumia’

Nokia has launched the Lumia, its first Windows 7 smartphone since its partnership with Microsoft earlier this year, as the worlds largest phone manufacturer looks to topple Apple and Google in the smartphone market. The Lumia 800 will go on sale in the UK within...

Amazon profits drop 73% as spending takes its toll

Amazon has revealed a huge drop in profits, falling 73% in the third quarter of this year, as the online retailer increases its spend on fulfilment centres and new devices such as the Kindle Fire. The company has been spending on support growth, primarily to handle...

Google+ to be linked to new music store- report

Google is planning on integrating its forthcoming online music store with Google+, as the internet giant looks to integrate its services, according to a news report. The Wall Street Journal reported that the anticipated Google online music store will be closely linked...