Time inc may buy Yahoo after MySpace deal

Time Inc, the publisher of Sports Illustrated, People and Time magazine, is considering a deal to buy the core business of Yahoo Inc, Bloomberg reported, citing people familiar with the matter.

Time has heard a presentation from Citigroup bankers on pursuing a deal with Yahoo, the Bloomberg report said, adding that Citigroup had not been retained by Time

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Flashes&Flames: Can Axel Springer do the ‘impossible’?

Stories about the reinvention of daily newspaper companies are often not what they seem. They tend to involve traditional media groups not so much investing in the future of news as placing their bets somewhere else entirely. Thus, the UK’s Daily Mail Group, and Hearst Corp, in the US, are investing more heavily in business media and entertainment. And even Rupert Murdoch’s News Corp is now generating 35% of its profit and all its growth from digital property listings

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IPG Unit Golin Acquires Brooklyn Bros.

The Brooklyn Brothers — a fast-growing independent known for award-winning “paid” and “owned” media campaigns for brands such as NBC and Pepsi — has been acquired by one of the dominant players in “earned” media, Interpublic public relations division Golin

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Dentsu Aegis Network reports 9.4% growth for 2015

Dentsu Group has posted revenue of YEN 818.57 billion (£4.96 billion) for 2015 – a 12.8 per cent year on year increase. Gross profit for the Japanese group’s full year 2015 results stood at YEN 761.996 billion, a 12.6 per cent rise, with organic gross profit growth increasing by 7.0 per cent

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