Saturday 22 July 2017

Addax's profits a boost for industry

ADVERTISING

ONE of Ireland's top advertising agencies made nearly €300,000 last year, despite the recession. Addax Advertising, which controls the Mediaworks agency, reported a profit after tax of €289,662 for the year ended December 31, 2009. The figures will be seen as a fillip to the advertising industry in general which has been hit hard by the recession.

Paywall for 'News of the World' soon

MEDIA

THE website of the 'News of the World' will start charging for access before the end of the year, it has emerged. The Sunday tabloid, which is owned by the Rupert Murdoch-controlled News International, is likely to bring a "paywall" across its site by October. It is thought that a redesigned 'News of the World' website would put a premium on video content -- a key component of the exposés the paper is so well known for.

3 misstated its ComReg figures

TELECOMS

Mobile network operator 3 misstated its number of prepaid subscribers for the last four years, it was revealed yesterday. The Commission for Communications Regulation (Comreg) said 3 had provided inaccurate reports regarding "active prepay users" since 2006. A spokesman for 3 said the company was "working closely with ComReg to rectify this error".

China's Lenovo swings to profit

COMPUTING

Lenovo Group, China's biggest personal computer maker, said yesterday that it swung back to profit on a rebound in global demand, while it also broke into double-digit market share for the first time. The company earned $54.86m (€42.78) in its fiscal first quarter ended June 30, compared with a loss of $16.01m the same time last year, it said in a statement.

02's UK workers vote for pay deal

TELECOMS

British workers at mobile phone giant O2 have voted overwhelmingly to accept a two-year pay deal worth 5.25pc it was announced yesterday. The Communication Workers Union said its members backed the offer by 4-1, with the rise taking effect from this month. "This is a strong result for a good pay deal. The majority of staff in O2 can now look forward to decent pay rises," said the union's deputy general secretary.

Irish Independent

Promoted articles

Also in Business