Online to outstrip papers in ad revenue

The internet is poised to overtake newspapers as the second-largest US advertising medium by revenue behind television, according to PricewaterhouseCoopers' Global Entertainment and Media Outlook for 2010 to 2014

Bebo’s UK losses revealed

Social networking site's profits fell 143% in 12 months to the end of May 2009, leading parent AOL to opt for sell-off or closure. By Mark Sweney