Google revamping YouTube channels to compete with TV?

Google is preparing a major overhaul of video sharing website YouTube by creating “channels” to compete with broadcast and cable TV, according to a news report. The Wall Street Journal reported on Thursday that the plan could cost as much as $100 million....

Tesco starts selling used cars online

Tesco has become the first general retailer to start a used car buying website. The supermarket giant claims it can offer low prices by controlling costs. It will show detailed pictures of vehicles for sale – including any scrapes and dents – as well as a...

LivingSocial raises $400m to take on Groupon

LivingSocial has raised $400 million to fund expansion, as the US online coupon seller looks to take on its larger rival Groupon. The investment round, led by current investors Amazon and Lightspeed Venture Partners, and new ones like Institutional Venture Partners,...

Comment: Another newspaper bankruptcy; many more to come

Last week, the UK’s struggling Sport Media Group finally went into administration. The Daily Sport and Sunday Sport newspapers were never top on the sales figures from British the newsstands, but their slow death is a reminder that the challenges to the business...

Twitter planning Facebook-style brand pages?

Twitter is reportedly considering Facebook-style pages for brands on the micro-blogging service, opening up ways for advertisers to deliver tailored messages to their followers and serving as a central hub for companies to coordinate campaigns. Marketing Magazine...

Ad giant Interpublic reveals stake in Facebook

Advertising group Interpublic has revealed in its annual report that it owns a stake in social networking site Facebook. The Financial Times quoted sources saying the company paid less than $5m for the stake – thought to be less than half a per cent – in...

Microsoft takes Google complaint to EU

Microsoft is to take an anti-competition complaint against Google to the European Commission. The software maker claims that Google used its dominant position in the search market to restrict the growth of Microsoft services. It cites a number of practices, including...

Microsoft debuts ad exchange in US

Microsoft has finally taken a major step into the burgeoning ad exchange space—a space where rival Google has a head start. The software giant has opened Microsoft Advertising Exchange for business in the US market, and that remnant inventory from its properties MSN...

David Cameron backs Orange volunteering mobile app

Orange has launched a mobile volunteering iPhone app, backed by Prime Minister David Cameron as part of his ‘Big Society’ initiative. The ‘Do Some Good’ app allows volunteering through a mobile phone. The app will include twelve different charity ‘actions’ that...

US web video growth: Massive increases in viewing time

It’s official video has crossed its tipping point – and not the ubiquitous viral YouTube video clips, but long form TV-style content. Latest online video viewing data from Nielsen show US online video use leaping 45% year on year as people switch from TV screens to...