Monday 24 December 2007

Canadian media group acquires community paper in Quebec

Canadian group Transcontinental Media has acquired L'Autre Voix, a community newspaper serving 13,500 households in the east Quebec. The amount of this deal was undisclosed.

With this acquisition, Transcontinental Media has 172 community publications across Canada in total, with about 250 million copies annually.

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Social networking advertising prospers

37 percent, or 47.5 million of the U.S. adult online population, surf on social networking sites at least once a month this year. That figure is expected to grow to 49 percent, or 85.1 million, in 2011, according to eMarketer.

eMarketer Senior Analyst Debra Aho Willianson is quite optimistic about the social network market, ”The continued growth of social networking seems assured, unless teens stop social networking as they become adults.”

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IPTV: Small base brings in big money

Television delivered by Internet protocol – IPTV, will be used in 38.4 million homes worldwide by 2012, according to a newly released Informa Telecoms & Media's report.

IPTV subscriptions and video-on-demand are expected to bring in $14.7 billion revenues globally by 2012, up from $1.5 billion in 2006.

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