Steven Heyer departs Phorm

The former Coca-Cola president Steven Heyer is to step down as chairman of the online ad company Phorm, one of four board members to leave. By Mark Sweney

BSkyB in $600m bond issue

BSkyB is to raise $600m in a bond issue to institutional investors to provide funding for activities including possible acquisitions and the refinancing of debt. By Mark Sweney

Yahoo’s Jerry Yang warns on ad downturn

Yahoo chief Jerry Yang has said the ad industry is facing the toughest downturn in decades and he was monitoring the effects on the internet search market. By Mark Sweney

Virgin Media to axe 2,200 jobs

Cable TV, phone and broadband operator Virgin Media is to cut about 15% of its workforce by the end of 2012. By Mark Sweney

Google extends global search ad lead

Google increased its global dominance in the search advertising market over rivals such as Yahoo in the third quarter of 2008, according to a report. By Mark Sweney