Syzygy acquires digital agency Hi-ReS!
Syzygy, the digital agency partly owned by Sir Martin Sorrell's WPP, has taken a majority stake in London agency Hi-ReS!. By Mark Sweney
Tension builds among artists as EMI prepares to cut third of jobs
Up to one in three EMI staff will hear this week that they will lose their jobs when the private equity chief Guy Hands outlines how he intends to revive the ailing business. By Julia Finch
First Post joins The Week at Dennis
Dennis Publishing has acquired online current affairs title the First Post with the intention of aligning it closely with The Week. By Mark Sweney
Paramount to back out of Toshiba’s HD-DVD
Paramount could become the latest movie studio to withdraw its support for Toshiba's HD-DVD format. By Bobbie Johnson in Las Vegas
Zavvi enjoys happy first Christmas as ex-Virgin
Zavvi, the entertainment retailer rebranded from Virgin Megastores after a management buyout, announced positive Christmas sales figures yesterday, buoyed by a surge in sales of games and consoles
Napster joins move away from copy protection
Napster plans to sell downloads in the MP3 format, joining the many companies removing copying protection from online tracks. By Katie Allen
Tote’s online casino finds tax haven
Totesport Casino is switching its operations to the offshore tax haven of Alderney so it can advertise freely in the UK while avoiding UK tax and regulation. By Simon Bowers
FTC clears Google’s DoubleClick deal
The US competition regulator has approved Google's $3.1bn takeover of DoubleClick. By Mark Sweney
Viacom signs £250m Microsoft deal
MTV owner Viacom has signed a $500m (£250m) advertising and content deal with Microsoft. By Mark Sweney
Ofcom cues up ‘digital dividend’ auction
Ofcom has outlined plans for an auction of the broadcast spectrum that will be freed up by turning off the analogue TV signal in 2012. By Mark Sweney
‘Google free to bid for UK spectrum’
Ofcom has admitted there is nothing to stop Google bidding for UK broadcast spectrum freed up by the switch-off of the analogue TV signal. By Mark Sweney
Google hits $219bn in success search
Internet firm's market value puts it among America's top five companies - and it plans to get bigger still.
3 hoping for growth with Skypephone
The mobile phone company 3 unveiled its latest attempt to get customers to join the UK's newest network yesterday as it launched the Skypephone.
Microsoft stake in Facebook values site at $15bn
Little more than three years after its birth in a Harvard University dormitory, the social networking website Facebook has become one of the most expensive internet start-ups in history, with a valuation of $15bn (£7.3bn) under a financing deal with the software group Microsoft.
PR industry profits boosted by MySpace phenomenon
The popularity of social networking sites like Facebook and MySpace is driving unusually strong growth in public relations business, as companies tap into the power of recommendation, according to Sir Martin Sorrell, head of advertising group WPP.